In response to the escalating challenges posed by climate change, regulatory bodies are intensifying efforts to equip financial institutions with the tools necessary to confront these risks. The…
The Corporate Sustainability Reporting Directive (CSRD), effective in the EU since January 2023, marks a pivotal shift in corporate sustainability reporting, supplanting the Non-Financial Reporting…
This article provides an insightful exploration of the European Banking Authority's (EBA) latest regulatory developments in the context of the Fundamental Review of the Trading Book (FRTB) framework.…
Optimize credit risk model performance with meticulous data preparation. Transform raw data into structured format. Iterative process ensures relevancy over time. Explore, treat missing/outlier…
This article discusses how Finalyse carries out implementation of BCBS 239 projects. It shows the stumbling blogs that typically hinder implementation of such projects, such as big-bang approach or…
This article unveils challenges of implementing changes on complex tools that use advanced databases. Based on the example of QRM Analytical Framework, it recommends a suitable change management…
We intend to raise the awareness on how Data Science can be leveraged on in the context of insurance pricing and how to go from theory to practice, from scripting to deploying your model.
This…
This article discusses the main steps of data preparation, which determine the required fields/attributes that represent the baseline for model development where relevant data quality controls are…
This article shows how machine learning techniques can boost model performance in terms of prediction accuracy and flexibility. These benefits may come with some setbacks: loss of interpretability…
Explore the journey of enhancing risk management practices in major banks through BCBS 239 compliance. Learn how the Basel Committee's data management framework aims to improve risk reporting and…
