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Partnering with SAS, Standard Chartered Bank built a robust stress testing platform. It started out as a tool for regulatory compliance and was expanded for assessing the effect of crisis scenarios on its future P&L and balance sheet. The bank has migrated this Scenario-Based Analytics Platform to a centralized and more powerful second generation, and SAS is a key technology component in the solution.
IBM commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying IBM OpenPages with Watson. The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of OpenPages on their organizations.
As institutions attempt to use established, well-developed models to evaluate the current credit environment, it is clear these are not working adequately. Internal ratings — an institution’s cornerstone for long-term investment and lending strategies — rely on fundamental, name-level analysis, which cannot be updated at frequencies required to react to and plan for quickly changing developments.
The deadlines for implementing the latest round of Basel guidelines have been delayed to help institutions cope with the personal and commercial toll of the Covid-19 pandemic. As immense as the toll is likely to be, and as urgent as resolving issues related to the pandemic are, firms should not lose sight of the importance of preparing for Basel IV and the many difficulties it will create along the way. New or revamped technology will be required. New or revamped thinking and organizational structures, too. And not just during the implementation phase, but long after.
Roll back the clock to 2019. Capital markets executives are preparing for a new economic reality – one in which uprooting old technology models, building scale and elevating the client experience are integral to growth. And most are making tangible progress, albeit more incremental than they might like. Then COVID-19 struck. Much has changed, both personally and professionally, but the economic shock has dramatically reinforced the urgency of transforming. Now more than ever, the capital markets industry must push harder on the accelerator.
Libor Transition PlanningLIBOR Transition Planning: Essential Legal, Liquidity and Operational Considerations
As the market prepares for the transition away from the use of LIBOR to alternative benchmarks or risk-free rates (RFRs), financial institutions must closely look at their strategies for tackling legacy trades, which reference this soon to expire interbank lending rate. The trouble with legacy trades is that there is no one way to migrate these transactions to the post LIBOR era. Rather, there are several options a firm can take.