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BCBS 239 A Long Road to Compliance

This Expert input conducts a thorough examination of the Principles for Effective Risk Data Aggregation and Risk Reporting that were primarily intended for Global Systemically Important Institutions but are of great interest to all. It explains the intuition behind BCBS 239 and why it is important for other institutions than G-SIB’s. It provides a broad overview of all 14 principles, and their meaning for institutions as well as supervisors. It looks at the greatest challenges in the implementation of BCBS 239 (traditionally data quality, but technical issues too) and offers four key suggestions for successful compliance.

Big Data in the Financial Industry

This expert input follows the release of a discussion paper on the use of big data by financial institutions published by the Joint Committee of the European Supervisory Authorities. It examines the general data-related regulatory framework that financial institutions are facing or will face in the future, all the way from very general requirements (GDPR) to requirements specific to financial services (EMIR & MiFID II). The paper also discusses the potential uses of big data by financial institutions and how it would influence the operations of those institutions, their potential costs and benefits. The expert input concludes with our evaluation of the possibilities arising from big data as well as our projection of the regulatory future regarding this topic.

Insurance Stress Test 2016 - Answers to Your Questions

This Expert input explains in detail all the intricacies surrounding 2016 EIOPA insurance stress test. Taking the form of questions and answers, it explains the scope and the purpose behind stress testing, the scenarios that were examined and the way their impact was measured. The results are glossed over. We also commit to putting forth our opinion on what we think about the validity of the assumptions, just how representative the stress test may actually be and for whom the results may provide useful intuition, and for whom they may be less than relevant. Lastly, we provide our estimates on what actions the regulators are going to take in reaction to this stress test.