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.
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.
Dr. Howard Rubin gives a high-level assessment of the cost of data, both to financial services firms and to organizations at large. His assessment brings home the ringing statement, “It’s the data, stupid.” Does your firm value its data as a corporate asset?
An enterprise risk management (ERM) program is more than a collection of organizational functions. ERM integrates all risk efforts under one set of common definitions, process framework and system solutions. Join Mona Leung, a banking and security leader from Alliant Credit Union, to hear how she developed and grew her institution’s ERM program.
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.
Though strategic scorecards and dashboards can help approach an organization’s mountains of data, they still involve guesswork and intuition – risk. Analytics can help an organization sort through its data and filter out the “noise” when it comes to tracking metrics and KPIs, making it possible to act on fact.
In today’s regulated environment, the business is often asked for information – sometimes the same information – on an almost continuous basis. Learn how collaboration can significantly lighten the burden of audit on your organization.
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.
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.
Economic downturns will always be part of the business cycle. Read this advice from Wim A. Van der Stede, CIMA Professor from the London School of Economics and Political Science, on how organizations can adopt reliable risk management “through the business cycle” to deliver sustainable performance.
Can banks use data analysis to play ‘Moneyball’?
Are organized fraudsters winning the big data battle?
Turning a cost center into a money generator
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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