Host by Numerix Date March 22, 2017 12:00 am

On-Demand Webinar: Risk Data Aggregation Challenges with FRTB and SA-CCR

No longer the ugly underbelly of banks’ inner workings, risk data and its myriad of challenges are now front and center under the regulatory spotlight. It is Data Dependence Day.

 
Banks who don’t tackle critical risk data and risk data management tasks as part of their Fundamental Review of the Trading Book (FRTB) and SA-CCR response will put at risk the accuracy of key data that underpins the onerous calculation and reporting requirements of the regulations – from evidencing market data observations and reconciling price observations, to ensuring independent price verifications and making the case for the Internal Model Approach (IMA)  which requires access to a wide range of historical data and proxy risk factors.
 
These risk data and risk data management tasks will be a major driver for the massive transformation of technology and systems across banking.
 
On November 9th, 2016 guest speaker Virginie O'Shea of global research advisory firm Aite Group explored the risk data challenges presented by FRTB and SA-CCR. She narrowed in on pain points around aggregation of risk data and discussed how some firms are approaching them.
 
MS. O’SHEA ADDRESSED THE FOLLOWING TOPICS:
 
  • The state of play in terms of primary challenges that financial institutions are facing when examining the practicalities of the risk data components of these regulations
  • Current inefficiencies that must be overcome in order to comply with risk data requirements
  • The ideal framework for regulatory compliance –what does that really look like in reality?
  • How some firms are approaching the problem – case examples of banks that have already started down the road. What kinds of teams have been established? What kinds of technologies are in the frame? What hurdles have been faced thus far?
  • Key takeaways and lessons learned