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
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.
Successfully executing an enterprise stress testing program requires a technology framework that enables data, scenarios, analytics and reports to be integrated across the organization. Read the benefits of this stress testing framework.
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.
Today, firms must assess market risk in time frames approaching the microsecond, and traders have less than a second to know how a proposed trade will affect the risk profile of the portfolio. The financial industry is poised for transformation. Is your firm’s infrastructure ready for high-performance risk?
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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