Menghan Xiao

1 month ago | centralbanking.com | Menghan Xiao |Christopher Jeffery |Daniel Hinge |Daniel Blackburn

The US Federal Reserve’s exploratory scenario focusing on non-bank financial institutions (NBFIs) could be more useful than the main severely adverse scenario in the annual stress-testing exercise, according to risk management experts. “The Fed has already squeezed as much as it could from the severely adverse scenarios,” says Viktor Tsyrennikov, an independent stress-testing consultant. “They understand what happens to a bank in a big recession, and you cannot do much more.”The Fed tinkers with

1 month ago | waterstechnology.com | Menghan Xiao |Anthony Malakian |Max Bowie |Rebecca Natale

Tweet Facebook LinkedIn Save this article Send to Print this page Banks risk being caught unawares if they fail to keep an eye on which direction their vendors are taking in the fast-changing world of artificial intelligence, says veteran risk manager Jeannie Pumphrey. Since the release of US interagency guidance on third-party risk management (TPRM) in 2023, banks have continued to reassess and update their TPRM frameworks.

2 months ago | waterstechnology.com | Lukas Becker |Kris Devasabai |Duncan Wood |Menghan Xiao

Hammers are great at knocking in nails. It’s the job for which they were made. Bankers don’t need to tackle that job very often—professionally, at least—so banks don’t issue hammers en masse to the workforce. Artificial intelligence, on the other hand, is great at a whole slew of things. Banks have responded by giving staff access to it by way of general-purpose assistants and co-pilots. But when you have an all-purpose tool, where do you start? What should you use it for? Everything? Last year,

2 months ago | fx-markets.com | Lukas Becker |Kris Devasabai |Duncan Wood |Menghan Xiao

Hammers are great at knocking in nails. It’s the job for which they were made. Bankers don’t need to tackle that job very often – professionally, at least – so banks don’t issue hammers en masse to the workforce. Artificial intelligence, on the other hand, is great at a whole slew of things. Banks have responded by giving staff access to it by way of general-purpose assistants and co-pilots. But when you have an all-purpose tool, where do you start? What should you use it for? Everything? Last

2 months ago | centralbanking.com | Menghan Xiao |Christopher Jeffery |Daniel Hinge |Daniel Blackburn

Tweet Facebook LinkedIn Save this article Send to Print this page Large banks in the US are contemplating a last-ditch effort to save regulatory capital models for credit risk, as the new Republican presidential administration sets the stage for a potentially far-reaching review of draft capital rules proposed by Democratic regulators.