Fundamental review of the trading book - Stato dell’arte sulle implementazioni dell’Internal Model Approach

2021 ◽  
Vol 16 (3) ◽  
pp. 9-20
Author(s):  
Carlo Frazzei ◽  
◽  
Davide Segantin ◽  
Patrizia Dolci ◽  
Alessandro Garufi ◽  
...  

In light of the finalization of the new regulatory framework for market with the adoption of the FRTB at EU level through the publication of CRR III, financial institutions are consolidating the implementations aimed to comply with the new regulatory requirements. The main purpose of this article is to analyze how banks are preparing for the go-live of IMA FRTB reporting – expected to be in January 2024 – focusing on the challenges that they are facing especially in terms of model transformations. In particular, an in-depth analysis will be carried out on the main methodological issues of the new regulatory context technicalities,in order to provide guidelines and market best practices on the Internal Model Approach (IMA) topics shared between Front Office, Risk Management as well as Control Structures.

2021 ◽  
Vol 16 (2) ◽  
pp. 10-20
Author(s):  
Nicoletta Figurelli ◽  
◽  
Carlo Frazzei ◽  
Alessandro Garufi ◽  
Tommaso Giordani ◽  
...  

Following the publication of the regulatory framework for the Fundamental Review of the Trading Book (FRTB) by both the Basel Committee (BCBS) and the EU Regulator, the Financial Institutions have started the mandatory actions to comply with the new regulatory requirements. This article aims to provide an overview of the key challenges that banks have had to face in recent years, with a particular focus on the most significant methodological key points and the main impacts on business from the technicalities of the new regulatory framework, in order to provide guidelines and best practices on Standardized Approach (SA) topics shared between Risk Management and Front Office


e-mentor ◽  
2021 ◽  
Vol 90 (3) ◽  
pp. 64-72
Author(s):  
Robert Pawlak ◽  

The aim of this article is to analyze the challenges and success factors on organizations’ path to agile transformation, as frequently discussed in the literature and encountered in business practice. The research conducted proved that large-scale agile transformations require a dedicated approach with set of tools and best practices in place. The implementation challenges and barriers have been categorized into method-, organization-, culture- and technology-oriented groups. As a result of an in-depth analysis carried on for the purpose of this paper, a dedicated methodology of agile transformation has been proposed to ease the implementation process.


2009 ◽  
Vol 9 (1) ◽  
pp. 1850158 ◽  
Author(s):  
Mirela Gheorghe ◽  
Pavel Nastase ◽  
Dana Boldeanu ◽  
Aleca Ofelia

Relatively new in Romania, IT governance is defined as procedures and policies established in order to assure that the IT system of an organization sustains its goals and strategies. This bundle of policies and procedures, following the best practices in the area, intends to guide and control the IT function in order to add value to the organization and to minimize IT risks. The purpose of the research is to identify the measure in which the IT governance practices are implemented to the level of the financial institutions in Romania. The goal of this paper is a comparative analysis for implementing IT governance using data offered by the IT Governance Institute. This institute makes every year a study (IT Governance Global Status Report – 2006) to determine a sense of priorities and to develop actions for implementing IT governance, using data which acknowledges once more the need for all organizations to have tools and services to assure an efficient IT governance. In this way, the research will analyze, in the field of Romanian financial institutions, the most serious IT problems pointed out by the respondents from the last year, the most efficient measures considered by top management for resolving problems pointed out, the best used practices in IT governance and the most used frameworks for implementing IT governance practices.


2016 ◽  
Vol 36 (2) ◽  
pp. 410-429
Author(s):  
JACOB KLEINOW ◽  
MARIO GARCIA MOLINA ◽  
ANDREAS HORSCH

ABSTRACT Financial institutions show a characteristic risk exposure and vulnerability, making them prone to instability. Financial systems in Latin America, however, were left largely unscathed by the global financial crisis starting in 2008. This state-of-the-art survey provides an in-depth analysis on the identification and regulation of systemically important financial institutions (SIFIs). While Latin America benefits from its rich historical experience in managing systemic risks, we find the problem of SIFIs to be still underestimated. However, there are first efforts to cope with SIFIs in science and particularly Latin American supervisors and regulators are starting to take the threat posed by SIFIs seriously.


2017 ◽  
Author(s):  
Moin Syed ◽  
Sarah C. Nelson

The use of quantitative, qualitative, and mixed methods approaches has been foundational to research on emerging adulthood, yet there remain many unresolved methodological issues pertaining to how to handle qualitative data. The purpose of this article is to review best practices for coding and establishing reliability when working with narrative data. In doing so, we highlight how establishing reliability must be seen as an evolving process, rather than simply a focus on the end product. The review is divided into three broad sections. In the first section, we discuss relatively more quantitatively-focused methods of coding and establishing reliability, whereas in the second section we discuss relatively more qualitatively-focused methods. In the final section, we provide recommendations for researchers interested in coding narrative and other types of open-ended data. This article is intended to serve as an essential resource for researchers working on a variety of topics related to emerging adulthood and beyond.


2021 ◽  
Vol 15 (5) ◽  
pp. 356-371
Author(s):  
Cláudio M. F. Leite ◽  
Carlos E. Campos ◽  
Crislaine R. Couto ◽  
Herbert Ugrinowitsch

Interacting with the environment requires a remarkable ability to control, learn, and adapt motor skills to ever-changing conditions. The intriguing complexity involved in the process of controlling, learning, and adapting motor skills has led to the development of many theoretical approaches to explain and investigate motor behavior. This paper will present a theoretical approach built upon the top-down mode of motor control that shows substantial internal coherence and has a large and growing body of empirical evidence: The Internal Models. The Internal Models are representations of the external world within the CNS, which learn to predict this external world, simulate behaviors based on sensory inputs, and transform these predictions into motor actions. We present the Internal Models’ background based on two main structures, Inverse and Forward models, explain how they work, and present some applicability.


2018 ◽  
Vol 30 (1) ◽  
pp. 25-41 ◽  
Author(s):  
Clara R. Grabitz ◽  
Katherine S. Button ◽  
Marcus R. Munafò ◽  
Dianne F. Newbury ◽  
Cyril R. Pernet ◽  
...  

Genetics and neuroscience are two areas of science that pose particular methodological problems because they involve detecting weak signals (i.e., small effects) in noisy data. In recent years, increasing numbers of studies have attempted to bridge these disciplines by looking for genetic factors associated with individual differences in behavior, cognition, and brain structure or function. However, different methodological approaches to guarding against false positives have evolved in the two disciplines. To explore methodological issues affecting neurogenetic studies, we conducted an in-depth analysis of 30 consecutive articles in 12 top neuroscience journals that reported on genetic associations in nonclinical human samples. It was often difficult to estimate effect sizes in neuroimaging paradigms. Where effect sizes could be calculated, the studies reporting the largest effect sizes tended to have two features: (i) they had the smallest samples and were generally underpowered to detect genetic effects, and (ii) they did not fully correct for multiple comparisons. Furthermore, only a minority of studies used statistical methods for multiple comparisons that took into account correlations between phenotypes or genotypes, and only nine studies included a replication sample or explicitly set out to replicate a prior finding. Finally, presentation of methodological information was not standardized and was often distributed across Methods sections and Supplementary Material, making it challenging to assemble basic information from many studies. Space limits imposed by journals could mean that highly complex statistical methods were described in only a superficial fashion. In summary, methods that have become standard in the genetics literature—stringent statistical standards, use of large samples, and replication of findings—are not always adopted when behavioral, cognitive, or neuroimaging phenotypes are used, leading to an increased risk of false-positive findings. Studies need to correct not just for the number of phenotypes collected but also for the number of genotypes examined, genetic models tested, and subsamples investigated. The field would benefit from more widespread use of methods that take into account correlations between the factors corrected for, such as spectral decomposition, or permutation approaches. Replication should become standard practice; this, together with the need for larger sample sizes, will entail greater emphasis on collaboration between research groups. We conclude with some specific suggestions for standardized reporting in this area.


2021 ◽  
Vol 2 (1) ◽  
pp. 120-126
Author(s):  
Elida Elfi Barus ◽  
M.Yasir Nasution ◽  
Andri Soemitra

In the Covid Pandemic 19, sharia cooperatives must be a solution for the welfare of their members and the UMKM that they support so that they can move up in class, but how if it is difficult to access, therefore sharia cooperatives must be digital-based and include collaborating with fintech. This study tries to answer the problems that occur, strategies, and stakeholders involved in the development of Islamic cooperatives in collaboration with sharia fintech in Indonesia using the Interpretive Structural Model (ISM) approach. The core problem faced in developing sharia cooperatives in collaboration with sharia fintech is the lack of education and promotion of Islamic financial institutions collaboration, especially in sharia cooperatives with sharia fintech (E9), which initially became competitors to financial institutions because they were very flexible and fast and have become OJK's instructions that fintech must collaborate with financial institutions including sharia ones. Furthermore, it can be suggested for legislators, actors and drafter to constantly monitor and improve the process in the context of the progress and welfare of cooperatives and SMEs in Indonesia.


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