Tag Archives: exposure

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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Is VaR an appropriate gauge of risk?

By Tara Skinner, Solutions Architect, SAS | Published: July 14, 2011
Tara Heuse Skinner

Some believe that VaR creates a false sense of security within an organization, but Tara Skinner argues that when used with other modeling techniques, VaR helps institutions confront their exposure to financial risk and then establishes a proper risk management function.

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Stress testing: A board-level issue

By Robert Mark, CEO, Black Diamond Risk | Published: April 24, 2011
Bob Mark

Firms should still have a contingency plan for rare or extreme events. Stress testing focuses on analyzing risks associated with those events. Read Dr. Mark and Antonis Miniotis’ white paper discussing stress testing and the role it plays.

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Implementation and management of a high-performance risk environment

By Myron Scholes, Nobel Laureate | Published: October 10, 2010
Myron Scholes, Nobel Laureate

Myron Scholes and Tom Kimner discuss evolving the analytical process: Today’s advances in computing allow firms to construct highly adaptive models. Read about advances in high-performance analytics that allow risk decisions in near-real time.

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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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