ISBN 9788126554805,Financial Institution Advantage and the Optimization of Information Processing

Financial Institution Advantage and the Optimization of Information Processing



Wiley India Pvt Ltd

Publication Year 2015

ISBN 9788126554805

ISBN-10 8126554800


Number of Pages 224 Pages
Language (English)


Financial Institution Advantage and the Optimization of Information Processing offers a key resource for understanding and implementing effective data governance practices and data modeling within financial organizations. Sean Keenan, a noted expert on the topic outlines the strategic core competencies, includes best practices, and suggests a set of mechanisms for self-evaluation. He shows what it takes for an institution to evaluate its information processing capability and how to take the practical steps toward improving it.
Keenan outlines the strategies and tools needed for financial institutions to take charge and make the much needed decisions to ensure that their firm's information processing assets are effectively designed, deployed and utilized to meet the strict regulatory guidelines.
This important resource is filled with practical observations about how information assets can be actively and effectively managed to create competitive advantage and improved financial results. Financial Institution Advantage and the Optimization of Information Processing also includes a survey of case studies that highlight both the positive and less positive results that have stemmed from institutions either recognizing or failing to recognize the strategic importance of information processing capabilities.

About the Author

Sean C. Keenan, is Senior Managing Director - Model Risk Management at a leading international insurance organization. Prior to joining this organization, he was the Quantitative Risk Analytics Leader at GE Capital, Vice President in the Risk Architecture Group at Citigroup, Vice President at Moody's and Senior Econometrician at Loan Pricing Corporation.
Table of contents-:


Chapter 1 : Financial Institutions as Information Processors

Financial Institutions' Raison d'tre
Cultural Issues
IT Literacy and the Spreadsheet Deluge
Other Challenges to Establishing an IT-Savvy Culture

Chapter 2 : Strategic Hardware and Software Management

An Integrated Data Architecture
Information Processing Efficiency as an Institutional Objective
A Digression on Unstructured Data

Chapter 3 : Data, Models and Information

Model Risk Mania
Definitions and Epistemology
Data Quality
Models and Their Role
Regulatory Regimes and Guidance

Chapter 4 : Model Risk Measurement

Three Phases of Model Management
Model Governance
Defining Model Risk
Objectifying the Downside
Model Risk Attribution: An Information Entropy Approach

Chapter 5 : The Return on Analytic Assets

Measuring the Productivity of Models
Complementarity of Data Inflow with Information Processing
A Digression on Price Taking

Chapter 6 : Data Risk Measurement

Strategic Data Acquisition
The Information Conversion Rate
Other Approaches for Data Risk Assessment

Chapter 7 : A Higher Level of Integration

Alternate Views of Integration
Identifying Key Information Cycles
An Integrated Physical View
Multidimensional Information Asset Management

Chapter 8 : A Strategy for Optimizing the Information Processing Complex

A Path toward Improvement

Chapter 9 : Case Studies

The Pricing of Automobile Insurance
Moody's KMV
The London Whale
The Mortgage-Backed Securities Disaster
The Value of Annuities

Chapter 10 : Conclusions

About the Author