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On July 15, 2015

Risk Aggregation & Risk Reporting

Guideline BCBS 239: Aggregation of risk data and risk reporting. The Basel Committee published article 239 in January 2013. This article describes 11 Principles for effective risk data aggregation and risk reporting. In the short term, this article has had a considerable impact on the flexibility and robustness of banks. The core principle of BCBS
  • By Paul Bruggeman   1
On July 3, 2015

DNB uses ORM Reference Framework

The Reference Criteria The DNB is open about the manner in which it assesses banks that use the standardized approach. The reference framework (Reference Framework 2015) ) is available to the bank itself, allowing it to periodically perform a self-assessment of (parts of) its own organization on the basis of the Reference Framework criteria. The
  • By Paul Bruggeman   2
On July 2, 2015

Pension fund invests in Risk Dashboard

A major business sector pension fund has used CERRIX for several years for its risk management. The CERRIX Dashboard module, which presents real-time information to the management team, was recently purchased. The dashboard is subdivided into a number of blocks in which the information is presented. In this way, the current risk profile can be
  • By Paul Bruggeman   
On July 2, 2015

CERRIX provides a management solution for Calculation Models

At the start of this year, CERRIX developed and supplied a module that supports the Model Validation process for a bank. This bank was already a user of the CERRIX software. A generic module based on their wishes and requirements was developed as part of the standard CERRIX software. With this module, it is possible
  • By Paul Bruggeman   4
On June 30, 2015

Success factors for Risk Management

One should not assume that Risk Management will function properly if a department has been established, a system has been purchased and people have been trained for this purpose. So what does guarantee its success? We believe that success is largely determined by two conditions. These are, on the one hand, a Risk Culture that
  • By Paul Bruggeman