Leading global bank adopts Microsoft partner FinArch for its Liquidity Risk Solutions

New Liquidity risk frameworks as well as Stress tests were in my top 10 list for 2011. Many leading regulators with UK FSA being the first, have issued new guidelines on this globally. Whilst some banks still await the expected convergence with Basel III. I was thrilled to see a recent announcement on a leading bank…

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Sai Sireesh: Journey to Regulatory Vision 2020 – Prescriptive Enforcement

The continued wave of Systemic Risks in Greece and now increasingly Spain, the environmental disaster threaten to shatter the relative financial and economic calm in the business world. Amidst this many countries are undergoing some major changes in the regulatory landscape as a result of the events in the last two years.    As I mentioned…

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Sai Sireesh: Pro-active Systemic Risk Mitigation by German Regulator BaFin

There is increased speculation against euro over concerns of euro zone sovereign debt levels triggered by the Greek debt refinancing crisis.  The euro has already hit a four year low of $1.2209.  As expected and predicted in one of my earlier blogs, this crisis is forcing the shift much more aggressively towards water tight regulation mode…

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Future of Stress Testing – UK FSA and EU CEBS lead the way! – thoughts from Sai Sireesh

Earlier I had blogged about the pendulum shifting away from the light touch supervision mode to a much more prescriptive regulatory environment. The new stress testing guidelines in Europe seem to be good indication of the trend. With most stress testing models failing to reflect the current crisis, many regulators are reviewing the stress testing…

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Sai Sireesh: Insurance Supervision – The Future

Whilst there is a lot of focus on banking, the insurance sector is also witnessing a wave of regulatory changes specially around cross-border exposures. So I did some quick research on the world of insurance supervision. Devoid of dramatics, the Basel, Switzerland based IAIS (International Association of Insurance Supervisors) has been quietly driving adoption of …

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Sai Sireesh: GRM – Global Risk Management or Government Risk Management ?

Year 2008 was a humbling and significant event for the Investment Banking and Risk Management professions. Many epitaphs will be written for legendary institutions that disappeared overnight and will be spoken about for decades to come in terms of the crunching global impact and the associated learnings.  About $650bn of sub-prime bonds outstanding in March…

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