Despite the revolution in bank risk management, banks’ ability to effectively manage risk continues to be hampered by the ongoing need for more data, according to the Standard & Poor’s Risk Management Benchmarking 2001 report. Standard & Poor’s Risk Management Benchmarking 2001 report – developed by a consortium of more than 50 banks globally – looked at five key aspects of risk management: risk governance and strategy, market risk, credit risk, operational risk, and capital management. Among the most important findings in the report were: Few banks have more than five years of reliable internal data on probability of default; Banks are using internally developed models to extend their risk management capability, but most lack the appropriate historical data to develop and support theses models; and only half of the banks in the study say they include risk management in their strategic planning process.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more