In response to the data challenges faced by banks when preparing their BCBS 239 project, Moody's Analytics has engaged with market participants in EMEA to better understand the current state of the industry by providing a snapshot through our BCBS 239 survey.
Banks and the services they offer remain essential to global economies.To stay relevant, however, banks need to adjust their business models and adapt to the new realities – tighter regulation, lower interest rates, changing client needs and behavior, technology disruption, and accelerating disintermediation.
The AnaCredit project is scheduled to be implemented in three stages by mid-2020. This paper looks at the challenges for banks in creating the AnaCredit framework and how to overcome these main challenges.
Inferior data, too long left unchecked, has far-reaching consequences – not the least of which was the 2008 global financial crisis. Banks that establish a strong data management framework will gain a distinct advantage over their competitors and more efficiently achieve regulatory compliance.
Effective Risk Data Aggregation and Reporting stipulate that banks need to have a strong governance framework, risk data architecture and IT infrastructure. This webinar discusses how addressing data quality has become an opportunity for competitive advantage.
This whitepaper looks at the results of the Moody's Analytics survey in January 2015, which reveals that many banks underestimate the time, resources and cost involved to implement BCBS 239.
Banks can greatly benefit from a leaner and more integrated approach to risk management. This article addresses how banks can constantly evolve to an efficient and productive process, by focusing on data, infrastructure, process, and – most importantly – people.
Banks will be under even more pressure as stress testing is becoming a recurring exercise and the new principles for risk data aggregation (BCBS 239) require them to quickly solve the issues around the data warehouses.
The article looks at the ECB's use of the AQR as a building block for restoring confidence within the European Banking System. It also provides an outline of the key elements of the AQR, including collateral and real estate valuation, collective provision analysis, and fair value exposures.
Banks have to dedicate enormous resources to comply with CCAR and DFAST, but rather than treating stress testing like a check-the-box exercise, banks should view it as an opportunity to better manage their businesses and invest in robust stress testing frameworks.
Implementing stress testing practices across the various bank divisions is a complex process. In order to address the need for an implementation framework, Moody’s Analytics has created a Seven Steps Model.