By Jenna Danko on Oct 14, 2015
Financial institutions as a whole have become so complex and the products they sell have developed at such a rapid pace that their own risk infrastructure has not kept pace. Read on to find out how your organization can stay up to date with regulatory requirements while growing.
When it comes to regulatory reporting, financial institutions feel increasingly boxed in. On one hand, the number, frequency, and complexity of reports continues to spiral, especially for global financial institutions. At the same time, regulators are strongly encouraging firms to spend more time on analysis and review. Please join Ambreesh Khanna of Oracle and Cliff Van Tonder of Lombard Risk as they discuss a comprehensive data-driven approach to regulatory reporting.[Read More]
Vice President of Oracle Financial Services Analytical Applications (OFSAA), Ambreesh Khanna, reports on Oliver Wyman's report ‘Stress relief: Are vended systems the answer?’. The leading global management consulting firm, reported on nine major providers of stress testing solutions. The report revealed delves further into what stress testing systems can deliver, and looks at the standard vended system capabilities against five process steps required to complete a stress test.
To adequately reduce risks inherent in bank models, a comprehensive and sustainable model risk management program should take into account a number of critical components. Join Garima, Senior Sales Consultant for Oracle Financial Services Analytical Applications, as she walks us through these components.[Read More]
Join Bhargava S., VP of Product Management for Oracle Financial Services Analytical Applications, as he answers the questions asked in a previous BCBS 239 blog post. In summary, banks need a strong analytical platform to achieve compliance and the greater goal of turning enterprise information into a strategic asset. The platform should support a bank's efforts to establish effective data governance as well as enhance their data infrastructure to easily monitor, manage and report risks back to regulators.
In this post, Matthew Long, Financial Crime and Compliance Management Global Solution Lead for Oracle Financial Services Analytical Applications at Oracle, defines the practice of exiting customer relationships. This approach (and the term de-risking) is becoming increasingly more prevalent and has drawn recent criticism from regulators and institutions, such as FATF who have concerns over the impact of these actions. Instead of dropping high risk business, companies are instead being urged to improve their risk financial crime and compliance frameworks and reap the potential benefits.[Read More]
In this post, David Bomser, Senior Director for Banking Analytics at Oracle, discusses new CCAR exercises. For bank holding companies with more than $50 billion in assets, it’s time to get moving if you haven’t already. The Federal Reserve just released its scenarios and shocks for the 2015 Comprehensive Capital Analysis & Review (CCAR) exercise, and these banks’ capital plans are due on or before January 5, 2015. Read more here.
Join Bhargava, VP of Product Management for Oracle Financial Services Analytical Applications, as he reviews the five key questions that every bank should ask themselves when evaluating their organization's data governance policy. Isn't compliance on its own enough of a challenge? When it comes to BCBS 239, compliance by the January 2016 deadline presents a whole new hurdle for some banks and financial institutions to overcome. However, there are several approaches banks can take to alleviate the complexity of the situation. Read more from Bhargava S.
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