The New Age of Risk Analytics SAS/GARP

Today we speak with Luis Jesus - Global Solution Lead, Regulatory Capital Management, Risk Research and Quantitative Solutions Division, SAS and Luís Filipe Barbosa, Leader of European Risk Modelling & RWA initiative, PwC Portugal on Basel IV and the future of regulation. 
 
For further perspectives - see:
Seven trends that will transform banking and how technology and analytics can help
Advanced analytics and big data are enabling smarter decisions and more efficient processes, from credit to compliance and risk management. Still, there is a mismatch between the industry’s taste for tech and its bottom line performance. Few banks have found the right combination of technology and business processes to make innovation pay.
 
This paper - written by Boston Consulting Group (BCG) and SAS - describes seven trends that are likely to define how the industry evolves over the coming years.
 
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.
 

We spoke with Rutang Thanawalla, Director, Risk Advisory, Deloitte about the ever evolving role of stress testing. 
For more information on this topic,  please see Comprehensive Enterprise Stress-Testing Solutions - A portfolio for efficiently managing regulatory and internal stress-test programs
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

Today, we speak again with David Anderson, Advisory Director from KPMG, for an update on Current Expected Credit Losses, also known as CECL.
For more information on this topic, please see - Preparing Finance Organizations for CECL and IFRS 9 Compliance: A Joint Solution from KPMG and SAS
 
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

Today we speak with Vikas Deep Sharma, Executive Director, EY and Ivy Tan, EY Senior Manager, specializing in IFRS 9 and Credit Risk for the Financial Services Sector, on the subject of Credit Risk Modeling and Decisioning. 
 
For more insights on this topic, click here. 
White Paper
6 Keys to Credit Risk Modeling for the Digital Age
The emerging role of machine learning and alternative data in credit decision making
 
About this paper
Does your organization want to make faster and more accurate credit decisions for both origination and servicing? Modernizing and automating the end-to-end process – from data management to model development and credit decisions – can reduce credit losses and boost performance. Empowering this process with machine learning supports more effective decisions about credit for individuals, products or portfolios.
 
About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence.
SAS gives you THE POWER TO KNOW®.

Welcome back to the New Age of Risk Analytics. Troy Haines, SVP, Head of Risk Research & Quantitative Solutions at SAS talked with us about his work, the overall risk landscape and how it all impacts a risk manager’s career.
 
Learn more on this topic: Click Here for E-book.
 
E-BOOK
Adapting to the New Age of Risk Analytics
Integrating Finance and Risk
 
About this e-book
Rapid advancements in technology are leading to a new age of risk analytics. The availability of commercial and open source software – coupled with significantly improved integration using industry standard tools – has made analytics more user friendly, expanding its reach to a broader range of business professionals.
 
To compete in this new environment, effective risk management requires more timely access to enterprisewide data, ever increasing operational efficiencies and deeper analytics. Traditional financial institutions must adapt or risk extinction. This ebook offers three tranformational strategies for more integrated, holistic risk management.
 
About SAS
SAS is the leader in analytics. Through innovative analytics, business intelligence and data management software and services, SAS helps customers at more than 80,000 sites make better decisions faster. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.
 
 

For the second half of our focus on Model Risk Management, we spoke with Tomasz Mostowski and Luther Klein from Accenture about the impacts of artificial intelligence and machine learning on model governance.
 
Learn more about the rigorous governance practices machine learning models require.