article thumbnail

FRTB: Will 2023 Finally be the Year?

Cloudera

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. FRTB is designed to address some fundamental weaknesses that did not get addressed in the post-2008 financial crisis regulatory reforms. FRTB Demands a Streamlined Architecture.

Risk 55
article thumbnail

How Data Ethics Supports Governance & Monetisation

Alation

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Can Machine Learning Address Risk Parity Concerns?

Smart Data Collective

Here at Smart Data Collective, we have blogged extensively about the changes brought on by AI technology. One of the most important changes pertains to risk parity management. We are going to provide some insights on the benefits of using machine learning for risk parity analysis. What is risk parity?

article thumbnail

ML internals: Synthetic Minority Oversampling (SMOTE) Technique

Domino Data Lab

Further, imbalanced data exacerbates problems arising from the curse of dimensionality often found in such biological data. Insufficient training data in the minority class — In domains where data collection is expensive, a dataset containing 10,000 examples is typically considered to be fairly large. Chawla et al.

article thumbnail

Our quest for robust time series forecasting at scale

The Unofficial Google Data Science Blog

They can arise from data collection errors or other unlikely-to-repeat causes such as an outage somewhere on the Internet. If unaccounted for, these data points can have an adverse impact on forecast accuracy by disrupting seasonality, holiday, or trend estimation.

article thumbnail

Data Science, Past & Future

Domino Data Lab

What I’m trying to say is this evolution of system architecture, the hardware driving the software layers, and also, the whole landscape with regard to threats and risks, it changes things. You see these drivers involving risk and cost, but also opportunity. How can you trace that all the way back into the data collection?