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: Stress Testing – Measuring Systemic Risk Across the Globe

Last year, the European Union was exploring a Systemic Risk Council to better manage risks. A small, but significant step towards a consolidated EU Systemic Risk management is the recent round of Stress Tests in EU. As we know, the American banks underwent a similar stress testing exercise early in 2009. Ten of 19 large US banks were…

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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: Get Ready for Stress Testing using Massively Parallel Processing (MPP) Architecture!

Risk Managers are going to be busy with the fresh wave of stress testing requirements. Most financial institutions I have dealt with have an enterprise Risk EDW (datawarehouse) ranging a few terabytes (TB) to hundreds of terabytes for their banking book and/or trading book positions. Typically with the data volumes growing dramatically, ever so frequently…

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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: Regulatory Oversight & Risk Management of the Future

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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