by Jonathan Leonardelli | Aug 4, 2017 | Regulations
Under IFRS 9, Financial Instruments, banks will have to estimate the present value of expected credit losses in a way that reflects not only past events but also current and prospective economic conditions. Clearly, complying with the 160-page standard will require...
by Jonathan Leonardelli | Apr 27, 2017 | Business Analytics
The Federal Reserve and the OCC define model risk as “the potential for adverse consequences from decisions based on incorrect or misused model outputs and reports.”[1] Statistical models are the core of stress testing and credit analysis, but banks are increasingly...
by Jonathan Leonardelli | Feb 4, 2013 | General
What makes for a successful risk quantification process? Prior to joining the firm I thought it was all about analytics (my own specialty). I’ve come to realize that a happy marriage between data, analytics, and reporting needs to take place. Each component brings...
by Jonathan Leonardelli | Feb 4, 2013 | General
Albert Pujols, one of the best baseball players in the game today, did not start the 2011 baseball season well. Prior to 2011 he had a lifetime batting average (BA) of .331 – that’s almost one hit for every at bat! However, much to the dismay of Cardinals fans (of...
