Features Outlining a CCAR Strategy Beyond Model Development


Much of the discussion around CCAR has been focused around the scenario modeling required by the regulators. While I agree scenarios are a major part of the tests, they only represent one half of the picture. The other half of course is related to D

Alexandria (I-Newswire) February 26, 2014 - Much of the discussion around CCAR has been focused around the scenario modeling required by the regulators. While I agree scenarios are a major part of the tests, they only represent one half of the picture. The other half of course is related to Data.

Scenario modeling is a complex process and requires banks to assemble teams of consultants, data scientists, PHDs, and economists to debate and develop various aspects of the regulatory requirements. While this is not an easy task, most organizations are able to quickly build or buy the necessary resources to accomplish this task.

Quality Data + Quality Models = Accurate Scenario modeling
So how does one source quality data from within the organization? This question is often asked, and rarely has an easy answer. The ability of a bank holding company (BHC) to source high quality data is dependent on sound Data Governance practices. As with most other types of businesses, most CCAR banks have spent the past two decades defining and improving Critical Business Processes (CBPs). These activities have yielded significant efficiencies in day-to-day operations and have led to advanced and complex products and services for clients and customers.

As banks are brought into the CCAR fold, and the regulators become more intelligent around Data Governance (DG), most banks are scrambling to establish robust DG programs. But unlike models, the effort required to implement DG programs is many fold larger, more complex, and requires massive organizational collaboration.

For the most part, defining Critical Data Elements (CDEs) and creating governance mechanisms around this data set has been an after thought, if not completely neglected by some.






About Buy stocks

The buy stocks within a short period does not require knowledge of economic data for the shares, but   More.. requires knowledge of the proper time to buy.Less..

Contact Information

Buy stocks
Mohamed Shehata
21 st. mostafa kamel
smouha
21431
Phone : 01276163847

Tags:

outlining   features   a CCAR Strategy  

Published in:

Business > Finance

Published On:

February 26, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.


Related Releases

Cross-border B2C E-Commerce Thrives in Europe
The latest publication of Hamburg-based secondary research organization yStats.com, "Europe Cross-Border B2C E-Commerce 2014", reveals that the Old Continent is particularly well suited for online retail shopping across the borders.

Get Complete Guidance for Life in the UK Test
Your No.1 resource for free Life In The UK practice tests with over 1000 questions to help you prepare to pass the official Life In The UK Test. Choose from a set of 33 pre-compiled tests each consisting of 24 practice questions based on Life in UK t

Prestige Wealth Solutions Sponsors the 2014 Xerox Corporate Golf Challenge
The region's award-winning corporate golf tournament, the Xerox Corporate Golf Challenge, has a new backer from Dubai - Prestige Wealth Solutions.

Infinit-O Launches Infinit Accounting as Its New F&A Subsidiary
Infinit Outsourcing, Inc. is now declaring a new subsidiary for one of its specializations - finance and accounting, which is named Infinit Accounting.

Experience the Eco-Friendly Living with All Modern Amenities by Appleby Gardens
The most famous developers called the LJM Developers have come forth with yet another project that offers Condos for sale in Burlington, Ontario.