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Risk Insights Newsletter | July 2019 Edition | Issue 56.

 

Risk Insights Newsletter | July edition | Issue 56
CeFPro conducted a global survey with risk professionals from across the industry, the survey results have been collated and analysed to form an in-depth report by Aravo. This report benchmarks some of the key questions that can indicate the status and health of your third-party risk/supplier risk/vendor risk program.

Find out more and download the third party risk report here.

Top Stories
We are currently researching the global status of software implementation for the management of non-financial risk. We have just passed an important milestone as we gathered 500+ responses for the non-financial risk survey, which means we are half way to gathering 1000+ responses to make this research as comprehensive and unbiased as possible.

Take part today at www.cefpro.com/nfr-research - All respondents will receive a copy of the final results and in-depth analysis, also inclusive of peer led vendor and software rankings.

Receive your complimentary copy of Issue Twelve and get a real world perspective on financial risk and regulation. Key topics include:

Technology, innovation & payments | Liquidity risk | Model risk | IBOR | Regulatory inspections | Asset Management | Building a new business | Research projects and reports | Cyber resilience and more.

Find out more out and access your copy at: www.cefpro.com/magazine.

Operational Risk Management USA 2019
RISK INSIGHTS ARTICLES & TV
The Center for Financial Professionals hosted the 7th Annual Risk Americas Convention in May. At this event we interviewed Chris Smigielski, Model Risk Director, Arvest Bank on the key takeaways from his session, effective management and oversight of the model life-cycle, the advancement of model risk over the next few years and the increase in models with new regulations coming in.

"There may be a reduction in cross-jurisdictional activity, reduction of weighted short-term wholesale funding, reduction in non-bank assets."

Insights from Andres Oranges, Chief Operating Officer, Treasury, Société Générale.

"Data and technology are essential to give senior management valuable and actionable operational risk information, I feel that there is a lot of work to be done in that field, and that is a condition to increase stature of this risk."

Interview with Benoit Saint-Jevin, Director, Head of Global Markets Americas OPC & TAC Coordination, BNP Paribas.

''Model risk has traditionally been a very human labor intensive exercise with manual input and validation, can the industry move towards reliance on models and ensure trust in outputs?''

Research blog by Sophie Bottazzi, Senior Research Executive, CeFPro.

"International funding markets, specifically expressed through cross-currency swaps, may change their meaning. After all, what is a SOFR vs ESTR basis swap, when the first rate is secured and second one is not?"

Article by Gary Levin, Director, Head of Fixed Income Market Risk for Americas, Société Générale.

Filmed presentation addressing: Increased risk with evolution in technology and vendor offerings | Concentration risk with over reliance on one vendor | Internal and external concentration | Out of the industry perspective: How can financial institutions leverage this? | Effective oversight of vendors across the lifecycle

Led by Joshua Kotok, Chief Risk and Compliance Officer, First Savings.

This interview provides us with insight on effective validation, model transparency, ensuring effective back testing, stress testing in models and more.

Interview with Aruna Joshi, SVP, Model Risk Management, Bank of the West .

How do you manage Non-Financial Risk within your organisation?
REPORTS AND RESOURCES
Complimentary 40+ page financial risk and regulation publication - Written by the industry, for the industry.

Issue Twelve contains articles, interviews and filmed sessions with thought leaders from: Credit Agricole CIB, Capital One, Credit Suisse, AIG, Northern Trust, Goldman Sachs, Alliance Bernstein, Regions Bank, SMBC, Scotiabank, AIB and more.

Have you got your complimentary copy of FinTech Leaders 2019 Report?

Established technology firms, new FinTech players and Financial Institutions from across the global ecosystem are included within the FinTech Leaders extensive and diverse company category rankings. Download the FinTech Leaders report here.

Interested in adding your voice to the 2020 research, rankings and awards? We will be releasing the 2020 survey very soon - Email marketing@cefpro.com to be the first to receive a copy of the new global survey as soon as it is live!

This report aims to provide an insight into the 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.

Download the third-party risk report here.

A research report based on a global survey with risk professionals from across the industry, assessing the current state of how organisations are managing conduct risks across various geographical regions - In partnership with Risk Spotlight.

Download the conduct risk report here.

A global survey report benchmarking some of the key questions that can indicate the status and health of your third-party risk/supplier risk/vendor risk program.

In partnership with Aravo. Download the third-party risk report here.

Risk Insights Magazines Issue Twelve
WILL YOU BE JOINING US?
4th Annual Liquidity Risk Management USA

October 2-3, 2019 | New York City

Exploring the evolving role of liquidity risk management including regulation, markets and future trends

Early bird expiring today!

IBOR 2019

October 4, 2019 | New York City

Assessing the impacts and consequences of LIBOR transition including timelines, reference rates and the path forward

Early bird expiring today!

2nd Annual Model Risk Management USA

October 7-8, 2019 | New York City

Reviewing the evolution of model risk and balancing innovation with management and oversight

Early bird expiring today!

 

Audit Risk

October 7-8, 2019 | New York City

Aligning business objectives with risk and compliance and driving efficiency through technological innovation

5th Annual Operational Risk Management USA

October 2-3, 2019 | New York City

Advancing management of operational risks and leveraging technology to increase value proposition

 

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For a full listing of our financial risk and regulation thought leadership please visit www.risk-insights.com

Keep updated on our thought-leadership by following us on social media. We provide all LinkedIn group members preferential rates to attend our events.

Join us
Visit www.cefpro.com for further information. Our mailing address is: Suite 68 The Maltings, Roydon Road, Herts, SG12 8HG