Financial institutions today are finding their businesses becoming increasingly heterogeneous and, in response, are seeking greater flexibility in their risk management systems and practices.
This white paper explores the challenges that Skandinaviska Enskilda Banken AB encountered with risk management, and how Axioma’s Risk System helped in solving these issues.
The recent global financial crisis has effectively forced firms to assess internal governance procedures and adopt a wider approach to risk management. However, the backward looking nature of traditional GRC means that it is solely concerned with preventing repetition of previous failings.
The global financial crisis and the aftermath that continues to unfold have created a justifiable obsession with stress among bankers and supervisors. The sharper focus has made stress testing a key component of the evolving global regulatory framework covering risk control and capital discipline.
Wholesale de-risking by financial institutions may seem like a viable compliance strategy when dealing with certain customers, but in the long-term may cause more harm than good.
This whitepaper is designed to clarify the due diligence obligations of financial institutions and other entities, challenging assumptions about Politically Exposed Persons (PEPs) and how they should be treated.
In this paper, we explore the history of the latest Greek crisis, review approaches taken by market practitioners to stress testing, and outline potential scenarios that portfolio managers may wish to examine.
Business process automation capabilities provide real-time event escalation, automated risk processes,and streamlined remediation of issues and action items. Loss-event data collection allows risk managers to track loss incidents and near misses, record the amounts, and determine root causes.
The capacity to forecast volatility – a key input for trading algorithms and risk methodologies – is enormously valuable for traders. November sees Deutsche Börse launch a new analytic that forecasts the direction and magnitude of volatility.
While many PSPs have implemented numerous fraud prevention technologies and approaches, they may need additional capabilities in risk analysis, malware protection, and authentication to meet the Internet payment security guidance set forth by the ECB and EBA.