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Regulatory Compliance

Stress tests stress stress tested

Stress tests stress the stress tested

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Friday, March 2nd, 2012

Risk managers at some of the largest US financial institutions are unhappy with the way regulators are handling the recent wave of stress tests. Carsten Heiliger, Risk Solutions Architect at SAS, understands the frustration and shares his comments on the Risk Management Knowledge Exchange

All Regulatory Compliance Stories

The regulatory machine is percolating, now what?

By Clark Abrahams, Chief Financial Architect, SAS | Published: January 31, 2012
RiskMinds

Ri$kMinds brought together leaders from all sectors of the risk world to discuss the problems and future facing facing financial services institutions across the globe. Clark Abrahams brought back some notable quotes and his thoughts on the increased regulatory. He seems recharged by the idea that innovation, regulatory compliance and business strategy fit together for the perfect competitive puzzle.

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State of risk management, data

By David Rogers, Global Risk, SAS | Published: January 2, 2012
Data for risk management - 2012

When you take a look back over 2011, what will be the the stand out memory? Will it be the struggles in Greece and the other Eurozone countries to restructure their debt? How about the new regulatory changes or the new regulatory bodies in the US? David Rogers, SAS, says that many of these old problems caused by one overriding issue – data. What will you be doing about data in 2012?

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Six key challenges to meeting Solvency II standards

By Waynette Tubbs, Editor | Published: December 26, 2011
Six Challenges to Solvency II

The more progress insurers make with Solvency II implementation the more they realize they have to do. Starting early is the key. This post briefly describes six key challenges insurers must address immediately to meet Solvency II standards in time. From there, I’ll point you to a white paper detailing those challenges and a framework that provides a solid foundation for improved capital and cost-efficiency.

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Solvency II deadline extension

By Waynette Tubbs, Editor | Published: December 20, 2011
Solvency II, a ticking bomb?

The recent proposal to extend the deadline for Solvency II compliance by one year reflects the finding of a report by the Financial Services Authority that many insurers are not ready to meet the standards. This extension can be veiwed as an opportunity to knuckle down – if you have the correct tips and tools. Here is some advice and a link to a white paper identifying six key challenges that must be addressed to meet Solvency II standards.

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Credit risk re’modelling’ for competitive advantage

By Iain Brown, Analytics Specialist, SAS | Published: December 1, 2011
Iain Brown, Analytics Specialist, SAS

As firms continue their search for a balance between capital requirements and competitive advantage, Iain Brown, Analytics Specialist at SAS, asks, “Could the financial sector do more with their models if they borrowed innovation from elsewhere?”

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Digging out or digging deeper?

By David Wallace, Global Financial Svcs, SAS | Published: November 29, 2011
David Wallace

You’ve heard it before – siloed data is trouble. Data trouble is getting bigger every day, so those siloes are helping you dig a giant hole for your organization. David Wallace had three-step plan for managing your big data troubles that reduces risk and keeps you in regulatory compliance.

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How to get game-changing speed, data integrity

By Waynette Tubbs, Editor | Published: November 25, 2011
Waynette Tubbs, Editor

Consider the number of decisions your firm makes everyday. How long does it take to ensure that those are the right decisions? You see, it’s not just about making decisions faster, it’s about the assurance of making the right decisions fast. Oliver Schabenberger, Lead Architect of SAS High Performance Analytics, says, “We’re solving business problems that have performance issues in such a way that we not only make them faster, but also make transformational change, from hours to seconds and from minutes to seconds.”

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CFPB interview: Product development and regulatory unrest

By Waynette Tubbs, Editor | Published: November 2, 2011
No Photo Available

At the BAI Retail Delivery conference in Chicago, John Colas, Partner at Oliver Wyman, interviewed David Silberman, the Assistant Director, Deposit and Payment Markets Consumer Financial at the Consumer Financial Protection Bureau, to give the financial services audience insight into roles, ambitions and priorities of the newest regulatory bureau. Read Silberman’s frank answers about the future of the bureau.

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Dodd-Frank: Unexpected impact on trading, reporting, governance

By Peter Dorrington, Director of Marketing Strategy (EMEA), SAS | Published: October 26, 2011
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The Dodd-Frank Wall Street Reform and Consumer Act will bring the most sweeping changes in compliance rules since the 1930s. At the Premier Business Leadership Series in Orlando on Tuesday, a panel comprised of leaders from some of the affected industries gathered to discuss the implications of the act.

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Six guidelines for constructing stress tests

By Robert Mark, CEO, Black Diamond Risk | Published: October 19, 2011
Bob Mark

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.

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  • Attending the ACFE Fraud Conference and Exhibition?

    Plan to attend Increasing Investigator Efficiencies

    When: Wed., June 30, 8:30-9:50a.m.
    Where: Orlando, FL
    Featuring: David Stewart and Dan Barta from SAS’ Fraud and Financial Crimes Practice.

    Organized fraud is a growing problem, in large part because it is so hard to detect. In this session, we will show customer examples of how Entity Link analysis improves investigator efficiency by reducing the time spent investigating false-positive alerts and prioritizing events before presenting to investigators. Investigators can now work many times the number of cases and focus on higher-value networks.

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