Tag Archives: regulatory

Analytics comes to AML, what RAD wants to know!

By David Stewart, Financial Crimes for Banking, SAS | Published: March 12, 2012
David Stewart

One approach to transaction monitoring is “tuning of scenario parameters,” but that can raise eyebrows in the regulatory community. Take a look at David Stewart’s suggestions for an analytical approach.

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The changing face of risk management

By Steve Culp, Managing Director, Accenture Risk Management | Published: February 7, 2012
risk tight rope

Accenture surveyed nearly 400 firms from 10 industries across the globe to determine what changes will be made in 2012. Here, the authors boil the findings down to eight trends in technology, business strategy and risk management practices.

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Five key challenges in credit risk modelling

By Iain Brown, Analytics Specialist, SAS | Published: January 10, 2012
Iain Brown, Analytics Specialist, SAS

Iain Brown, Analytics Specialist at SAS, has highlighted five challenges that he believes still hamper firms in their credit risk modelling efforts. He’d like for you to read through the list and then tell him challenges you encounter with regards to your model development and validation, and what improvements you would like to see. This is a great place to collaborate.

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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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New risks from Dodd-Frank

By Guillermo Kopp, Chairman, GUAU Corp | Published: September 8, 2011
Guillermo Kopp

While financial firms have been improving the regulatory framework to manage known risks, it’s also important to understand the perils of complexity risk. The regulations presented by the Dodd-Frank Act hint at managing complexity risks. Read this frank discussion.

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Heading down the (Dodd-Frank) highway, are we lookin’ for adventure?

By David Wallace, Global Financial Svcs, SAS | Published: August 25, 2011
David Wallace

SIFMA held its Dodd-Frank Impact Analysis Summit in New York City on July 13. SAS’ David Wallace was there and returned with panelists’ comments and his opinions from this daylong discussion. Read his recap of the discussions.

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The Dodd-Frank Act and insurers

By Stuart Rose, Global Insurance, SAS | Published: August 25, 2011
Stuart Rose

It will be many years before the Dodd-Frank Act has been deemed a success or just another compliance burden. Read about the role of the Federal Insurance Office and its potential for streamlining rules and regulations for insurers.

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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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Analytics helps credit card issuers reprogram for CARD

By Waynette Tubbs, Editor | Published: May 19, 2011
Waynette Tubbs, Editor

Rex Pruitt, Manager, Profitability & Risk, MIS Analytics at PREMIER Bankcard, explained to attendees at the SAS Global Forum Executive Conference that his bank retooled for the CARD Act of 2009 to adjust for narrower margins and found ROI in its new outlook on customer retention and loyalty.

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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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  • 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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