Financial Risk Management

This network brings together professionals involved in the oversight and management of their company's financial risks and exposures as well as solution vendors, in order to discuss risk issues including interest rate risk, foreign exchange risk and commodity price risk, among others.

Retired Member 

BI and Analytics - A New Perspective

It has been said, and we will say it again, that ‘data is the new oil.’ Volumes of data, and the number of channels through which that data flows are exploding. In 2016, we created more data than the previous 5,000 years of existence at about 2.5 quintillion bytes (that’s about 10 million Blu-ray discs) per day. And with the proliferation of data ...

09 August 2017 /regulation /retail

Darren Thomas MD at IHS Markit

Are You Prepared for MiFID II Outreach and Repapering?

With the clock counting down to MiFID II compliance, impacted dealers and other financial institutions are steamrolling ahead to prepare. Regulatory change management leads within these firms face multiple workstreams in managing the path to becoming compliant with the wide-encompassing Directive. In managing timelines to adherence, dealers shoul...

12 July 2017 /regulation

Retired Member 

MiFID II: 6 Key Changes for Client Lifecycle Management

In less than six months’ time (January 3rd, 2018), banks will need to be fully compliant with MiFID II regulatory obligations. In her second blog on the topic, Laura Glynn, Fenergo Director of Regulatory Compliance, explores the six key areas where MiFID II will impact the Client Lifecycle Management process. A wide-ranging and complicated regulat...

20 June 2017 /regulation /inclusion

Retired Member 

The Future of Mortgage Origination is not About Mortgages Anymore

onsider this scenario. Sam has to pick up some checks from a client, but his car is in the shop. So, Sam takes an Uber to the client's office, gets the checks, scans the checks into a business account using his iPhone, takes another Uber (making a dinner reservation through OpenTable while inside Uber), arrives at the restaurant, sits down to eat,...

01 June 2017 /retail

Retired Member 

Vendor risk management is all about the pre-plan

Supply chain failures compromise the ability of an organisation to operate effectively and in extreme circumstances even to survive. Yet many businesses struggle to mitigate the risk of such failures due to poor vendor risk management: research from CIPS suggests fewer than half of procurement professionals consistently put strategies in place to ...

30 May 2017 /regulation

Retired Member 

RegTech and KYC

RegTech & KYC: Over-selling, under-delivering…Is this creating more risk in the market? In recent years, the banking industry has been inundated with regulation. From AML, to EMIR, Dodd-Frank, MiFID II, to FATCA & CRS and enforcement, the volume of new regulation has been unprecedented. One of the most significant side-effects of this is th...

11 May 2017 /regulation

Retired Member 

Machine Learning Could be Your Bank’s Next Data Scientist

Good Help is so Hard to Come by After All As of the writing of this article, the popular recruiting site Indeed.com returned 1745 search results for the query “Data Scientist Financial Services” (If you’re in data science, hang with us for a second before you scurry over there). Google returns pages upon pages of results when prompted to find the ...

31 March 2017 /payments /regulation

Sufyan Khan Head of Pre Sales / Solution Consulting - Europe at Oracle

Laying a solid foundation for the IRB Approach in Turkey

Turkey’s Banking Regulation and Supervision Agency (BDDK) is moving ahead with plans to permit the use of the Internal Ratings-Based (IRB) Approach to credit risk. Having relied on the Standardized Approach for some time, many banks will be eager to reduce their capital requirements by moving to more risk-sensitive IRB models. However, in order t...

29 March 2016 /regulation

Richard Chapman Head of Strategy at SunGard

Why is a reconciliation like a shirt? A buyer’s guide by a reluctant shopper

Picture the scene: in a tailor’s shop in Hoi Ann, Vietnam, a reluctant shopper (me) has just been measured for a couple of bespoke suits. I’ve chosen the fabric, decided on the cut and I’m just about to pay for the privilege. Then the tailor throws a curveball. Had I thought, he asks, about shirts to go with my purchases? Despite fierce air condit...

17 September 2015 /regulation

Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted

This year's scandal is brought to you by the forex market

About a year ago I had a coffee with a former foreign exchange trader (as you do) who said to me. "Liz, the next big scandal is going to be around all these banks rigging the foreign exchange market, and no one is reporting on it! It will be bigger than Libor!" Well, a quick Google search revealed that quite a few trading and FX leaning ...

03 November 2014 /regulation