Bank IT strategies in Enterprise Risk Management (Technology Focus)

Table of Contents

• DATAMONITOR VIEW
  • CATALYST
  • SUMMARY
• ANALYSIS
  • Introduction
  • Successful solutions will be those able to deliver the right metrics to the right people in the right time.
    • Automation opportunities continue to be found in credit risk
    • Automation and its limited role in operational risk to date
    • Flexibility is the key feature of operational risk solutions
    • Industrializing computing scale by grid computing
  • In operational risk, outsourcing opportunities at this point are limited.
    • Outsourcing of regulatory compliance can bring benefits but strict governance is required
    • External loss databases
    • Vendor opportunity exists in flexible, customizable solutions
  • Need for economic capital efficiency is driving development in calculation engines and loss data utilization.
    • Economic capital will be at the heart of overall risk management strategy in financial services
    • Operational risk capital calculation methodologies are being refined
    • Process review key to ongoing refinement
    • Vendor opportunities
  • Conclusion
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Figures
    • Figure 1: Encouragingly upgrading of risk frameworks is already underway.
    • Figure 2: Complexity of data types and processes means progress in operational risk will be evolutionary
    • Figure 3: The many impacts of economic capital