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EBA publishes final version of guidelines to strengthen Pillar 2 framework

The EBA finalised guidelines on the supervisory review and evaluation process (SREP), on stress testing as well as on interest rate risk in the banking book (IRRBB). Read more about how new regulation affects your institution.

JPMCC Frankfurt 2018

The Fintegral team from the Frankfurt office took part at the JPMCC in Frankfurt.

Model Risk Management for Stress Testing

The Prudential Regulation Authority (PRA) is consulting on proposals to update its guidance on Model Risk Management (MRM) practices for stress testing. The PRA says the proposals reflect the aims of a current review by the European Banking Agency (EBA) of the 2010 Committee of European Banking Supervisors (CEBS) Guidelines on Stress Testing (GL32).

Industry Snapshot: The Business Case for XVA

How are valuation adjustments (XVA’s) impacting the bottom line? By what methods are practitioners using them to make business decisions? And how will current trends in XVA determine the future of derivatives? These are a few of the questions Fintegral will address over coming months as part of a survey of leading global banks for

EBA Launches Consultation on Pillar 2 Revisions

The European Banking Authority (EBA) is consulting on changes intended to enhance risk management and supervisory convergence under the Supervisory Review and Examination Process (SREP). The revisions focus on stress testing and interest rate risk in the banking book (IRRBB), in particular updates to: Guidelines on common procedures and methodology for SREP Guidelines for managing

EBA gives banks more time for 2018 Stress Test

The European Banking Authority (EBA) has agreed a final timeline for the 2018 EU-wide stress test. The process will be launched at the beginning of 2018, with results expected on November 2 of that year. The Board of Supervisors has extended the timeline to give banks more time to implement the new IFRS 9 accounting standards.

Modelling Non-Financial Risk

Can quantitative analysis be used to help manage non-financial risk? We think so, and have been discussing how in Corporate Reputation Magazine.

Machine Learning for Credit Risk Evaluation

What are the most promising machine learning techniques for credit risk evaluation? Fintegral will assess the options at the Artificial Intelligence in Industry and Finance conference in Winterthur, Switzerland on Friday September 7.

VaR Survey: Fears over industry’s readiness for FRTB

A Fintegral survey of Value at Risk methodologies and frameworks at tier 1 banks suggests a lack of preparedness for the Fundamental Review of the Trading Book (FRTB). Among the key findings: Most respondents view data quality as a major concern for them Institutions appear ill-prepared to meet the new requirements.

Expected Shortfall Backtesting under the FRTB

The Fundamental Review of the Trading Book introduces Expected Shortfall as a new risk measure for determining regulatory capital requirements. In this briefing we describe some approaches and outline the development of a tool for the purpose.

Stress Testing under IFRS 9

Banks are busy preparing methodologies and models for the introduction of IFRS 9 in January 2018. So far there is no industry standard for stress testing under the new regime and that presents challenges but also opportunities, as a Fintegral Briefing explains.

EBA Pillar 2 SREP Roadmap

The European Banking Authority (EBA) recently published a timetable for revising the Supervisory Review and Evaluation Process (SREP) in 2017 – 2018. Fintegral has summarised the key points here.

Solutions for an Independent Validation Function

Both banks and regulators want to manage the risk created by the use of models, but they’re frequently at odds over how to do it. In the new yearbook of the Frankfurt Institute for Risk Management and Regulation (FIRM), Fintegral Partner Dr Andreas Peter and Helaba Bank Head of Credit Risk Management Stephan Kloock present

The Future of Risk Management

How do we manage risk in future? As traditional banking is turned on its head by FinTech and the acceleration of digitalization, how are we innovating to meet the expectations of both the market and supervisors? These were two of the questions discussed recently at Fintegral’s 31st Expert Forum in Frankfurt. Speakers from Commerzbank, Bergmann &

EBA Timeline for 2018 Stress Tests: How we can help you

The European Banking Authority (EBA) has outlined a timetable for the 2018 EU-wide stress test. The exercise is expected to be launched at the beginning of 2018 and the results published in the middle of the year. The EBA is now in the process of preparing methodology and templates before consulting with the industry this

Machine-Learning: Decision-Making in Complex Environments

From robot surgery to self-driving cars, the algorithms used to control socio-technical systems are becoming more powerful. And in the era of machine-learning, our cyber decision-makers both learn and adapt. But what do we know about the risks involved? If machine-learning is not to be a technological black box, then there needs to be transparency and

Senior FINMA appointment strengthens Fintegral insurance team

The former Head of FINMA’s Insurance Supervision Division – Dr. René Schnieper – has joined Fintegral’s Insurance Solutions Team. René has a wealth of experience. He worked in the insurance industry for 20 years before joining the Swiss insurance supervisor FOPI in 2005. When FINMA was founded on 1 January 2009, he was promoted to the

Fintegral BCM Compass 2016 – IT & data storage top concerns

Germany’s largest financial institutions say that the prospect of IT failure is the biggest threat faced by Business Continuity Management. They’re also pessimistic about their ability to meet the latest regulatory requirements for data storage and reporting. These are some of the key findings of Fintegral’s 2016 BCM Compass – a survey of BCM practices

Buoyancy Aid

We are proud to announce our sponsorship of Birmingham University Sailing Club for the forthcoming year. May the wind always be at your back and the sun shine warm upon your face

New Directions in Model Risk Management

Read Fintegral’s Kai Pohl and Owen Matthews in the current edition of International Banker: latest trends in model risk management.

Observations on Model Risk

We have revised and updated our report “Observations on Model Risk”, a benchmark survey of 54 financial institutions carried out by Fintegral and the IACPM. Key points: While SR11-7 has emerged as a global standard for model risk management (MRM), there are pronounced differences in how institutions approach it according to size and regulatory environment

Fintegral Merges

Fintegral is proud to announce its merger with Frankfurt-based risk management consultancy Dr Peter & Co. It represents a significant leap in size for both companies. Fintegral was established in 2009 by Ernst & Young’s former Global Head of Risk Analytics Jörg Behrens. Dr Peter & Co. was founded by Andreas Peter in 2003 following