05410nam 2200721 450 991014047800332120200520144314.01-119-05322-61-119-05330-71-119-05304-8(CKB)2670000000594068(EBL)1896011(SSID)ssj0001421099(PQKBManifestationID)11796224(PQKBTitleCode)TC0001421099(PQKBWorkID)11408331(PQKB)11088112(DLC) 2014042478(Au-PeEL)EBL1896011(CaPaEBR)ebr11017935(CaONFJC)MIL726303(OCoLC)893974587(CaSebORM)9781119044178(MiAaPQ)EBC1896011(EXLCZ)99267000000059406820150310h20152015 uy 0engurcnu||||||||txtccrFinancial institution advantage and the optimization of information processing /Sean C. Keenan1st editionHoboken, New Jersey :John Wiley & Sons,2015.©20151 online resource (227 p.)Wiley and SAS Business SeriesDescription based upon print version of record.1-119-04417-0 1-322-95021-0 Includes bibliographical references and index.Cover; Title Page; Copyright; Contents; Introduction; Acknowledgments; Chapter 1 Financial Institutions as Information Processors; Financial Institutions' Raison d'Etre; Low Barriers to Entry; Technical Core Products and Services Offered (Financial Intermediation and Disintermediation and Risk Pooling); Cultural Issues; The Senior Leadership Component; Outsourcing and the Culture of Failure; IT Literacy and the Spreadsheet Deluge; Other Challenges to Establishing an IT-Savvy Culture; Notes; Chapter 2 Strategic Hardware and Software Management; Overview; Storage and Retrieval; Data ProcessingAnalytics and Reporting Strategic Resource Management; An Integrated Data Architecture; The Data Hub Approach; Organizing System Components; Information Processing Efficiency as an Institutional Objective; System Design Considerations; The Human Capital Component; A Digression on Unstructured Data; Notes; Chapter 3 Data, Models, and Information; Model Risk Mania; Model-Based Financial Products Boom; The Model Governance Industry Wakes Up; Definitions and Epistemology; Data Quality; Models and Their Role; A Classic Example: Probability of Default Models; Other ExamplesModels and the Value of Information Creation Regulatory Regimes and Guidance; SR 11-7; Basel II and Solvency II; Comprehensive Capital Analysis and Review (CCAR); The Sarbanes-Oxley Act (SOX); Principles-Based Reserving (PBR) for Insurance Products; Notes; Chapter 4 Model Risk Measurement; Three Phases of Model Management; Model Governance; Defining Model Risk; Objectifying the Downside; Risk Identification; Model Risk Exposure; Model Risk Attribution: An Information Entropy Approach; Notes; Chapter 5 The Return on Analytic Assets; Measuring the Productivity of ModelsComplementarity of Data Inflow with Information Processing A Digression on Price Taking; Notes; Chapter 6 Data Risk Measurement; Strategic Data Acquisition; The Information Conversion Rate; Other Approaches for Data Risk Assessment; Notes; 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; Evaluation; A Path toward Improvement; Model Governance; Data AcquisitionManaging Overlapping Vintages Notes; Chapter 9 Case Studies; The Pricing of Automobile Insurance; Moody's KMV; The London Whale; The Mortgage-Backed Securities Disaster; The Value of Annuities; Notes; Chapter 10 Conclusions; References; About the Author; Index; EULAA PROVEN APPROACH FOR CREATING and IMPLEMENTING EFFECTIVE GOVERNANCE for DATA and ANALYTICS 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 sWiley and SAS business series.Financial services industryData processingFinancial services industryInformation technologyFinancial institutionsManagementFinancial services industryData processing.Financial services industryInformation technology.Financial institutionsManagement.332.10285 Keenan Sean C.1961-950114MiAaPQMiAaPQMiAaPQBOOK9910140478003321Financial institution advantage and the optimization of information processing2147964UNINA