EMIS Insights’ Post

Last Wednesday (20th of March) during the webinar 'Navigating the New IRB Landscape' - we have shared our insights on market trends related to a set of hot topics in the IRB space. Some of the key discussion points you can find below. In anticipation of the adoption of Basel IV and as reaction of the recurrent ECB’s appeal for model landscape simplification, several institutions are revising their plans for the future IRB perimeter, which implies a revised combination of reversions to SA, changes of scope of the PPU usage and, for certain portfolios, a step back to F-IRB. The growing expectations in terms of integrating climate-related and environmental risks (C&E) considerations in the credit lending process have been requiring modellers to start testing additional risk drivers related to C&E, when modelling IRB risk parameters, incorporating those that are found to be relevant and material. The challenges are still significant as limited historical data on ESG do not ease the task of meeting the so demanding IRB modelling requirements for the different risk parameters. The revised version of the ECB guide to internal models, published for consultation in June 2023, clearly set the ambition of banks being capable of implementing material changes or extensions in a timely manner upon receiving permission, i.e. in a time frame no longer than three months from the date of the notification. All this requires banks to significantly re-think their current capacity, including dedicated IT resources, to meet such time horizon. This Webinar our international experts were discussing the following points: - Main drivers of action when defining the optimized IRB perimeter; - Trends in terms of integration C&E risk drivers in IRB models; - Main challenges and potential remedy actions to cope with the model changes and extensions implementation expectations; - Other challenges in light of the revised ECB guide to internal models and EBA developments (e.g. machine learning adoption). If you want to listen to this webinar recordings please have a look at the following links. Part 1: https://lnkd.in/e_hycVYR Part 2: https://lnkd.in/ew556EwZ #irb #ecb #basel

Join us on September 13 for our upcoming webinar, "DORA Decoded: A Deep Dive into the Latest Regulatory Requirements," hosted by our European working group on DORA. What to expect: 🔵 Insights on the latest market trends in implementing DORA 🔵 An in-depth look at the latest requirements coming from the 2nd Batch of DORA policy product Read more and register!

📢 Industry expert Nick Fishman shares his thoughts on consolidation and the middle market in the #backgroundscreening industry. To get his advice on how CRAs can get ready to capitalize on consolidation opportunities, check out the full webinar: https://hubs.ly/Q02fsDqy0 #InformYourself #PBSA

Join us for an insightful webinar hosted by Everbridge, as we delve into the challenges and strategies faced by financial institutions in implementing strategies and tactics to comply with the European Union (EU) Directive on Operational Resilience Act (#DORA). Our speakers Owen Miles, Rens van Groenedaal and Christophe Ruppert will cover a range of topics that will comprehensively address DORA and its implications: - Discover how leading organizations are leveraging innovative technologies and best practices to enhance their operational resilience and meet regulatory requirements effectively. - Learn how to operationalize the regulatory requirements and bring together compliance and response. - Gain valuable insights from industry experts and learn practical strategies for navigating the complex regulatory landscape. - Explore key trends, insights, and strategies shaping the future of operational resilience in the financial sector. Follow the link to register: https://lnkd.in/dh3nDYRH

We are 10 months away from the go-live date of Operational Resilience across Financial Services. We can see a need to either accelerate some elements and/or the need of assurance on specific aspects of the required framework across a market. Over the years, Sicsic Advisory has developed a deep expertise on this topic, with Martin Jarman leading the charge, supported by Amanda Shields and Adam Bedi. 👇 Download our document to read more about our solutions. 📨 Get in touch if you need support on your Operational Resilience journey. #sicsicadvisoryinsights

Essential viewing for my financial sector clients.

Get a CCC breakdown in this great webinar. You might even see a familiar face 😎

Take a step-back from the standard approaches to compare companies (GICS, ICB, Supply Chain etc.) and have a completely new angle to understand the companies connections & correlation via the sell-side analysts co-coverage. CCDE derives alpha and quantitative signals from this new network analysis. #Quant #Signals #Trading

Improve Reporting with Beacon: Insights from the recent Financial Reporting Council Lab's Structured Data Investor Survey Unlock the full potential of your annual report with Beacon, CoreFiling's innovative review solution for iXBRL and XBRL reporting. The recent Structured Data Investor Survey by FRC Lab explores the increasing reliance on XBRL International, Inc. data by investors. As 36% of professionals seamlessly integrate structured reports into their decision-making processes, the survey highlights the challenges faced by non-users, emphasizing the crucial role of data quality. Beacon emerges as the go-to solution, offering a comprehensive platform to enhance accuracy and compliance in regulatory reporting. Validate technical standards, meet regulator-specified rules, and seamlessly integrate custom rules with Beacon, ensuring your reporting meets the highest standards. Elevate your reporting game – explore Beacon today: https://lnkd.in/ewCMRQeT . #xbrl #ixbrl #structureddata #financialreporting #regulatorycompliance #dataquality #digitalassurance

In our 10th annual IT Asset Disposition Benchmarking Survey, 50 organizations spanning 15 industry sectors, with a combined workforce of 168,200 employees, shared their insights. How would you answer this question on data sanitization standards? Comment below and request your free copy of the 2024 #ITAD Benchmarking Report to see if your practices align with your industry peers: https://ow.ly/lPPV50QPcHp