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Designing and Implementing Cyber Risk Dashboard
Due to the lack of an effective, integrated approach for cyber risk management, gaps in cyber risk reporting
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Designing COVID-19 Pandemic Stress Scenario
The profound humanitarian fallout of the COVID-19 carries with it the potential equally disruptive economic fallout. Using scenarios, our experts share their thoughts on what changes would likely stay and what changes are only temporary; and how they would impact the financial services business in medium term.
PERSPECTIVE
Pandemic, Climate Change and New Normal
Some actions that banks and credit unions can consider as they seek to stay-in-business business during this time of stress. There’s no doubt that we are only at the start of an unprecedented and uncertain time. Customers need assurances that their local credit union or bank is well-capitalized and is able to assist during this difficult time. Management, meanwhile, needs to take decisive action to deal with the immediate crisis and operate a sustainable business.
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Alternative Rating Development Approaches: Shadow Bond Approach
Where good-bad analysis cannot be used due to lack of default data, the ‘shadow-bond method’ offers a less robust but statistically valid alternative. Here the ability of financial factors to predict default is modelled by measuring their ability to predict external rating agency default rates.
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Regulatory Approval of Internal Ratings Based Approach
More than ten years after the roll-out of Basel 2, many lending intuitions in Canada are still using the Standardized Approach (SA) for regulatory reporting. As a consequence, reporting institutions are either setting aside disproportionately higher capital for their loan book, are engaged in regulatory arbitrage by issuing residential real estate loans or are involved in "originate-to-distribute" lending. All of these afore-mentioned consequences contribute to higher systemic risk
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Distribution Analysis for Information Risk (DAIR): A Cyber Quantification Framework
We know that cyber threats continue to evolve and pose increasingly significant risks to organizations. We also know that the impact of cyber-attacks extends beyond direct financial consequences. Cyber incidents can lead to serious service disruptions, reputational damage and share price deterioration, along with potential for fines and litigation. We also know that the impact of cyber-attacks extends beyond direct financial consequences. Cyber incidents can lead to serious service disruptions, reputational damage and share price deterioration, along with potential for fines and litigation.
webinar
BANKINGBOOK WEBINAR SERIES 2
Going Digital: The CU Transformation Road Map on June 24, 2020 at 3:00 pm EST
webinar
BANKINGBOOK WEBINAR SERIES 3
Enhancing Profitability at CUs: Alignment of Strategy with Capital on August 26, 2020 at 3:00 pm EST
news
Building Resilience: OSFI Sets Domestic Stability Buffer Level At 2.25%
The Office of the Superintendent of Financial Institutions (OSFI) set the Domestic Stability Buffer (DSB) at 2.25% of total risk-weighted assets, effective April 30, 2020. This reflects OSFI’s view that key vulnerabilities to Canada’s Domestic Systemically Important Banks (D-SIBs) remain elevated.
news
Google Is Preparing To Launch A Checking Account Backed By Citigroup And A Stanford University Credit Union
Google plans to add chequing accounts from Citigroup to its Google Pay digital wallet in 2020. Big tech companies have been pushing into other arenas such as finance and health care to gain more access to consumer data. Google launched Google Wallet in 2011, now called Google Pay, which lets users store credit and debit card information and use them to make mobile and digital payments.
news
FSRA Announces Membership Of New Stakeholder Advisory Committees
FSRA is very pleased to announce the membership for six new Stakeholder Advisory Committees (SACs) that will provide input and advice to FSRA’s Board of Directors and help shape the future of financial regulation in Ontario.