R3 is a consortium of more than 70 of the world’s biggest financial institutions working together to explore applications of blockchain technology in financial services.
The Financial CHOICE Act would effectively eliminate the Dodd-Frank burden on banks if they met a 10% leverage ratio.
Automatic transmission, an early step toward self-driving vehicles, first entered the market in the 1930s.
Data quality investments can lead to a reduction of up to 50% in direct costs.
One-year model accuracy ratios improve by up to 10 percentage points when models use both financial and behavioral data rather than only financial data.
Small and mid-sized enterprises can secure up to $150,000 in under 24 hours via alternative lenders.
Small businesses account for 99% of all firms in the US.
When making lending decisions, analyzing behavioral information in addition to financial information can help a lender avoid a loss of about 5.58% on a quarter of its portfolio.
We find that in 39% of instances, LGDs Granger-cause EDFs, while the reverse is true in 50% of cases.
In a calculation for lifetime expected credit losses for allowances, sample portfolios show credit earnings volatility of 90 basis points.
Under the new CECL standard, firms must account for expected losses on day 1.
Volatility of CECL-based provision for sample banks’ C&I portfolios is 1.5 times higher than that of incurred loss during the crisis period (2007 – 2010).