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Newsletter November 2018 Edition | Issue 48
Issue Nine, Risk Insights Magazine
Written by the industry, for the industry... Available as a complimentary 60+ page resource for you and your colleagues, get your free copy here
Top Stories
A global survey with risk professionals from across the industry, the survey results will be collated and analysed to form an in-depth report. The objective of this survey is to develop an understanding of emerging best practices in managing third party cyber risk, with a focus on: Tools, technologies, and approaches | Budget and decision-making | Executive oversight | Future direction and more.

Take five minutes out and add your voice to the research survey here.

All survey participants will receive a complimentary copy of the final report.

 

"What is becoming apparent, is the need for financial institutions to work closely with regulators like the FCA, especially as with some of the emerging technologies such as DLT, it is uncertain what role the regulator will play."

Interview with Richard Crook, Head of Emerging Technology, RBS.

X-Tech 2019: Financial Services and Technology
RISK INSIGHTS ARTICLES


"The regulatory framework of ICOs, cryptocurrencies, the distributed ledger technology and the companies working in this ecosystem will shape the underlying value proposition of this ecosystem.”

Article by William Piquard, Managing Director Europe, Gatecoin.

"Consumers need to be very cautious about dealing with these market places and should enquire where and how they are regulated.”

Insights from Jake van der Laan, Director, Information Technology and Regulatory Informatics and Director Enforcement, Financial and Consumer Services Commission

"In my view, CECL would have two major impacts. The one time impact of the realized losses on the income statement and the subsequent volatility in the reserves due to the changes in the economic scenario."

Interview with Ankur Goel, SVP, Head of Consumer Modeling, PNC.

"For the past few years, there has been a large CCAR dedicated office and as we move into a BAU, there should be less of an effort on building engines and processes."

Insights from Elizabeth Braun, Associate Director, Capital Planning and Documentation, RBC and Stephanie Cheng, VP, Quantitative Risk Analytics, City National Bank

ZM Financial Services


FEATURED INSIGHTS
The Current Expected Credit Loss (CECL) standard which goes into effect at the end of 2019 will require banks and other financial service companies to make major changes to their loss reserve models or develop new model entirely. In Protiviti’s new white paper, we review some of the most important model validation considerations under the new CECL standard.

Protiviti
Based on Merton’s 1974 proposed model, S&P Global Market Intelligence has developed PD Model Market Signals (PDMS), a statistical model that builds on Merton’s original framework with further enhancements and refinements. Learn the four early warning signs of imminent credit deterioration of the public companies under your surveillance.

S&P Global
Central to risk management is the effective gathering and dissemination of quality risk data, typically drawn from multiple sources, ranging from management and risk specialists through to assurance providers. Learn how the right technology can coordinate disparate data sources and provide more insight to the business, giving stakeholders an enterprise-wide view of risk. Download Whitepaper

Thomson Reuters
Governor


REPORTS AND RESOURCES
Complimentary 60+ page financial risk and regulation publication - Written by the industry, for the industry.

Issue Nine contains articles, interviews and filmed conference sessions with thought leaders from: HSBC, ING Group, Bank of China, JPMorgan, KeyBank, European Central Bank, UniCredit, Deutsche Bank and more. Get your copy here.

Enter the Issue Nine competition by sharing this post here for your chance to win a free pass to one of our Events!

PDF Presentation by James H Wistman, Head of Branch Risk & Compliance/MRLO, Santander, Abbey National Treasury Services, US Branch and Sabeena Liconte, Chief Legal Officer & Chief Compliance Officer, Bank of China (BOC) International (USA) Holdings Inc.

Our advancements as individuals | The approaches to effective Compliance Risk Management | Risk based “virtuous cycle”.

PDF Presentation by Gnana Chavali, VP Crown Jewels & Resiliency, Enterprise Technology Risk Management, State Street Corporation

How do you determine risk appetite | IT risk appetite framework – Seven guiding principles | Challenges with developing a risk appetite | Using risk appetite to hold senior leadership accountable and drive priorities | Developing business continuity risk appetite | Next generation approach, design and testing | High maturity risk appetite statements.

A global survey with risk professionals from across the industry, the survey results will be collated and analysed to form an in-depth report. The objective of this survey is to develop an understanding of emerging best practices in managing third party cyber risk, with a focus on: Tools, technologies, and approaches | Budget and decision-making | Executive oversight | Future direction and more.

Take five minutes out and add your voice to the research survey here.

All survey participants will receive a complimentary copy of the final report.

Free copy of the Risk Insights Magazine, Issue Nine


RISK INSIGHTS TV
The Center for Financial Professionals hosted the 4th Annual Operational Risk Management USA in October 2018. At this Congress, we filmed a key panel discussion, looking into utilizing FinTech infrastructure to drive process automation.

Led by | Lyndsay Byun, Division Risk Officer, MUFG | Alex Beigelman, former Head of Technology & Cyber Security Risk, JP Morgan | Vasanth Murugan, Director, Operational Excellence, American Express | Rock Rockefellar, Director, KPMG US

Panel Discussion
 

The Center for Financial Professionals hosted Operational Risk Management USA in October 2018, at this event, we interviewed a key speaker on his insight into universal language and definitions, what operational risk keeps him up at night and more.

Interview with Dominique Benz, Director, Operational Risk Management, Mizuho

Risk Insights TV
Hear more insight at one of our upcoming conferences
 

March 27-28 - New York City

Discussing best practices to face the latest threats: Money laundering, cryptocurrencies, cyber-attacks, marijuana banking money and many more.

 

April 2-3 - Las Vegas

Join us in Las Vegas for North America’s premier Convention exploring the rise in uses of technology and continual innovation across financial services.

 

May 14-15 - New York City

Key topics and streams announced for the 8th Annual Risk Americas Convention!
2019 will feature over 100 speakers and 500 attendees including keynote discussions on:
The future of regulation | Board reporting | Risk management operations | Transformation programs | Data | Banking Reform and more

Pre-agenda rate available now, don't miss your chance to register from only $1099. Register here.

 

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