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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

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How to Gain Greater Confidence in your Climate Risk Models

Cloudera

Firms face critical questions related to these disclosures and how climate risk will affect their institutions. What are the key climate risk measurements and impacts? How do institutions protect and optimize their balance sheets and portfolios? Stress testing was heavily scrutinized in the post 2008 financial crisis.

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New CIO appointments in India, 2022

CIO Business Intelligence

Chandegara has over 20 years’ experience in managing IT and communication systems. He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. February 2022. Amit Goel joins Blox as CTO.

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Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly on Data

A look at how guidelines from regulated industries can help shape your ML strategy. After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. Note that the emphasis of SR 11-7 is on risk management.). model re-training).

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Can Machine Learning Address Risk Parity Concerns?

Smart Data Collective

However, before we get started, we will provide an overview of the concept of risk parity. You can find a discussion on the benefits of machine learning for risk parity at the end of this article. What is risk parity? Risk parity is a portfolio management strategy that distributes risk benefits and disadvantages.

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4 IRM Market Trends Will Accelerate in COVID-19 Recovery

John Wheeler

Integrated Risk Management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. These efforts demonstrate the rising need for an integrated approach to risk management and highlight the following four IRM market trends.

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Insurers – Be Aware of the Hidden Exposures in assessing the economic impact of Climate Risk

Cloudera

A prominent example was seen in 2008, when a drought in key grain-producing regions—combined with rising biofuel demand, high oil prices, decreasing grain stocks, and the depreciation of the U.S. When deployed smartly, data can help manage the disruption associated with such natural events. dollar—led to a spike in global grain prices.