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.
In the fifth installment of our seven-part series, Myron Scholes and Tom Kimner propose a broader view of risk including optimization of return, management of capital and impact on market price of liquidity. Take a look at their robust plan that capitalizes on high-performance computing technology and predictive analytics.
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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