Beyond LIBOR: a primer on the new benchmark rates
After completing this reading you should be able to: Describe the features comprising an ideal benchmark. Examine the issues that led to the replacement of LIBOR as the reference rate. Examine the risks inherent in basing risk-free rates (RFR’s) on…
Liquidity and Treasury Risk Measurement and Management
1. Liquidity Risk 2. Liquidity and Leverage 3. Early Warning Indicators 4. The Investment Function in Financial Services Management 5. Liquidity and Reserves Management: Strategies and Policies 6. Intraday Liquidity Risk Management 7. Monitoring Liquidity 8. The Failure Mechanics of Dealer Banks 9. Liquidity Stress Testing 10. Liquidity Risk Reporting…
Stress-Testing
After completing this reading, you should be able to: Describe the rationale for the use of stress testing as a risk management tool. Identify key aspects of stress testing governance, including choice of scenarios, regulatory specifications, model building, stress-testing coverage,…
Factors
After completing this reading, you should be able to: Describe the process of value investing and explain the reasons why a value premium may exist. Explain how different macroeconomic risk factors, including economic growth, inflation, and volatility affect risk premiums…
FinTech and Market Structure in Financial Services: Market Developments and Potential Financial Stability Implications
After completing this reading, you should be able to: Differentiate between potential changes to market structure and financial stability risks as a result of financial innovation through traditional providers, BigTech, Fintech providers, and third-party tech servicers. Discuss the technological developments…
Big Data: New Tricks for Econometrics
After completing this reading, you should be able to: Discuss the issues unique to big datasets. Describe and assess various tools and techniques used to manipulate and analyze big data. Examine areas for collaboration between econometrics and machine learning. Issues…
The Impact of Blockchain Technology on Finance: A Catalyst for Change
After completing this reading, you should be able to: Describe challenges faced by the blockchain technology in gaining widespread adoption in economic applications. Explain and assess questions to consider before implementing a blockchain solution to an economic activity. Explain the…
Sound Practices: Implications of Fintech Developments for Banks and Bank Supervisors
After completing this reading, you should be able to: Differentiate between the Basel Fintech scenarios and the roles participants perform and risks they are subject to in each scenario. Discuss the impact of Basel disintermediated bank scenario on incumbent banks’…
Artificial Intelligence and Machine Learning in Financial Services
After completing this reading, you should be able to: Describe the drivers contributing to the growth of Fintech usage and the supply and demand factors that have spurred the adoption of artificial intelligence (AI) and machine learning (ML) in financial…
Machine Learning: A Revolution in Risk Management and Compliance
After completing this reading, you should be able to: Describe the machine learning process and compare machine learning approaches. Describe the application of machine learning approaches in the financial services sector and the types of problems to which they can…
