December, 2013

Archive

Basel, the Big Picture: Tackling Risk Aggregation & Reporting. Part 2

“What [should we] look for in a risk aggregation solution?” asked Renzo Traversini, Director of Europe, the Middle East and Africa & Asia-Pacific, Risk Management Center of Excellence at SAS. He was the second of two speakers at a GARP-sponsored webinar to discuss the recently released Basel paper, Principles for Effective Aggregation and Reporting of Risk Data. Traversini focussed on the “nuts and bolts” of how to aggregate and report risk data. SAS is one of the major suppliers of information technology (IT) solutions in financial risk management. Timeliness is crucial to a good reporting system. Traversini began by showing […]

Basel, the Big Picture: Tackling Risk Aggregation & Reporting. Part 1

“It’s a quality piece of work that lays out the road ahead,” said Donna Howe, professor of finance at Brandeis International Business School. She was the first of two speakers at a webinar to discuss the 2013 Basel paper, Principles for Effective Aggregation and Reporting of Risk Data. The webinar was sponsored by the Global Association of Risk Professionals. Besides governance, Howe noted the 14 principles described in the paper expressed four main themes: completeness, accuracy, timeliness, and adaptability. Completeness of risk reporting is necessary, but “it becomes very easy to lose the nuance” when the data are too numerous […]