02-08-2018 | POINT OF VIEW
Agility in the Risk function: Fantasy or Reality?
To become truly agile to changing consumer expectations and evolving strategic needs, banks need to resist the siren songs of defining a solution for the future when little is known about what the future will hold.
30-07-2018 | POINT OF VIEW
Banking culture needs to adapt as the algorithms learn to trade
Making algorithms behave is no easier than restraining rogue traders. Firms need to embed a risk-based culture in the construction, deployment, and ongoing use of algorithms to meet the growing regulatory expectations and to preserve the resilience of both individual firms and the wider financial system.
14-06-2018 | POINT OF VIEW
Banks must overcome risks to maximise benefits of AI
This article, by Scott Vincent and Kuangyi Wei, first appeared in The Telegraph on 29 May 2018. The image of Artificial Intelligence has progressed rapidly in mainstream culture over the past
11-05-2018 | POINT OF VIEW
Future-proofing consumer lending against the monetary policy dilemma
It was just a few weeks ago that a hike in interest rate by the Bank of England seemed inevitable to financial markets. Yet the Monetary Policy Committee (MPC)’s decision yesterday to keep the rate
19-04-2018 | POINT OF VIEW
Spotlight on the third line of defence: Why IFRS 9 brings model audit to the fore
IFRS 9, a new accounting standard on the classification and measurement of financial assets was rolled out in January this year. New expected credit loss (ECL) models for calculating impairment are
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05-04-2018 | POINT OF VIEW
Banking on risk in the digital age
Banks face a seismic technological upheaval The banking sector now finds itself between two seismic events: it is post-financial crisis but pre-digital revolution. Over the past decade, the
12-03-2018 | POINT OF VIEW
Why technology meritocracy is at the heart of banking success?
The new banking reality is one of lower profitability, greater shareholder expectations, and more competitors at the doorstep. Accelerating and sustaining digital transformation is key to realising a
01-03-2018 | POINT OF VIEW
Banks must get their heads out of the sand and into the cloud
This article first appeared in City A.M. on Monday 26th February 2018. There is something for everyone to celebrate in what has been a solid earnings season for the Big Four UK banks. RBS
09-02-2018 | POINT OF VIEW
The City has more serious things than Brexit to worry about
This article first appeared in City A.M. on Wednesday 7th February 2018. Brexit has been the centrepiece of the City’s agenda this week, with two planned Brexit Select Committee meetings