Organizations need to pull immediate insight from real-time, streaming data because traditional approaches, which apply analytics after data is stored, may provide insight too late to act.
Combining these six tips will help the bank reduce operational costs, focus on more profitable trading operations, reduce RWA and thereby achieve a better return on capital deployed in its trading operations.
Event stream processing allows capital market firms to make complex business decisions on massive amounts of data in real-time. So, instead of waiting until the following day to get the latest reports, the risk management team can have an up-to-date view of their risk exposures on an intraday basis for more timely business decisions.
To make an impact, counterparty exposures, risk sensitivities and trading events must be monitored intraday, and CVA must be allocated in near real time as trades are executed. The requirement to deal with counterparty risk in near real-time creates significant difficulties for many banks. Jeff Hasmann examines the difficulties and solution.
The continuing troubles in the Eurozone, combined with the widespread downgrading of sovereign debt, have resulted in a loss of faith in the ability of nation states to fulfill their obligations. Banks subsequently have been developing sophisticated methodologies to cope with the increase in counter-party risk. The credit valuation adjustment is central to good counter-party credit risk management.
The recent global financial crisis painfully revealed the need for better, more comprehensive stress testing in the financial industry. Keep these guidelines in mind when constructing stress tests and stress scenarios.
Stopping fraud rings
Get ready to fail
How crime fighters can take on human trafficking
Recent Comments