Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

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Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Operational Risk Management in Banks

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Author :
Publisher : Springer
ISBN 13 : 1137594527
Total Pages : 221 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Operational Risk Management in Banks by : Giuliana Birindelli

Download or read book Operational Risk Management in Banks written by Giuliana Birindelli and published by Springer. This book was released on 2017-07-26 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on several topical issues related to the operational risk management in bank: regulation, organisation and strategy. It analyses the connections between the different key-players involved in the operational risk process and the most relevant implications, both operational and strategic, arising from the implementation of the prudential framework.

OECD Reviews of Regulatory Reform Risk and Regulatory Policy Improving the Governance of Risk

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Publisher : OECD Publishing
ISBN 13 : 9264082921
Total Pages : 251 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis OECD Reviews of Regulatory Reform Risk and Regulatory Policy Improving the Governance of Risk by : OECD

Download or read book OECD Reviews of Regulatory Reform Risk and Regulatory Policy Improving the Governance of Risk written by OECD and published by OECD Publishing. This book was released on 2010-05-06 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents recent OECD papers on risk and regulatory policy. They offer measures for developing, or improving, coherent risk governance policies.

Risk Management and Regulation

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Publisher : International Monetary Fund
ISBN 13 : 1484343913
Total Pages : 53 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Risk Management and Regulation by : Tobias Adrian

Download or read book Risk Management and Regulation written by Tobias Adrian and published by International Monetary Fund. This book was released on 2018-08-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The evolution of risk management has resulted from the interplay of financial crises, risk management practices, and regulatory actions. In the 1970s, research lay the intellectual foundations for the risk management practices that were systematically implemented in the 1980s as bond trading revolutionized Wall Street. Quants developed dynamic hedging, Value-at-Risk, and credit risk models based on the insights of financial economics. In parallel, the Basel I framework created a level playing field among banks across countries. Following the 1987 stock market crash, the near failure of Salomon Brothers, and the failure of Drexel Burnham Lambert, in 1996 the Basel Committee on Banking Supervision published the Market Risk Amendment to the Basel I Capital Accord; the amendment went into effect in 1998. It led to a migration of bank risk management practices toward market risk regulations. The framework was further developed in the Basel II Accord, which, however, from the very beginning, was labeled as being procyclical due to the reliance of capital requirements on contemporaneous volatility estimates. Indeed, the failure to measure and manage risk adequately can be viewed as a key contributor to the 2008 global financial crisis. Subsequent innovations in risk management practices have been dominated by regulatory innovations, including capital and liquidity stress testing, macroprudential surcharges, resolution regimes, and countercyclical capital requirements.

Risk, Regulatory, and Monitoring Considerations

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Publisher :
ISBN 13 :
Total Pages : 456 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Risk, Regulatory, and Monitoring Considerations by : Godage B. Wickramanayake

Download or read book Risk, Regulatory, and Monitoring Considerations written by Godage B. Wickramanayake and published by . This book was released on 2000 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: - Regulatory Perspectives and Decision-Making- Advances in Site Characterization- Environmental Data Management, Geostatistics, and GIS- Advances in Analytical and Detection Techniques- Risk-Based Analyses for Remediation- Human Health/Ecological Risk Assessment- Technical Impracticability- Long-Term Monitoring and Optimization- Innovative Monitoring and Control Systems.

Liquidity Risk Management in Banks

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Publisher : Springer Science & Business Media
ISBN 13 : 3642295819
Total Pages : 59 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis Liquidity Risk Management in Banks by : Roberto Ruozi

Download or read book Liquidity Risk Management in Banks written by Roberto Ruozi and published by Springer Science & Business Media. This book was released on 2012-09-20 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent turmoil on financial markets has made evident the importance of efficient liquidity risk management for the stability of banks. The measurement and management of liquidity risk must take into account economic factors such as the impact area, the timeframe of the analysis, the origin and the economic scenario in which the risk becomes manifest. Basel III, among other things, has introduced harmonized international minimum requirements and has developed global liquidity standards and supervisory monitoring procedures. The short book analyses the economic impact of the new regulation on profitability, on assets composition and business mix, on liabilities structure and replacement effects on banking and financial products.​

Standards for Internal Control in the Federal Government

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Publisher : Lulu.com
ISBN 13 : 0359541828
Total Pages : 88 pages
Book Rating : 4.3/5 (595 download)

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Book Synopsis Standards for Internal Control in the Federal Government by : United States Government Accountability Office

Download or read book Standards for Internal Control in the Federal Government written by United States Government Accountability Office and published by Lulu.com. This book was released on 2019-03-24 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers and program managers are continually seeking ways to improve accountability in achieving an entity's mission. A key factor in improving accountability in achieving an entity's mission is to implement an effective internal control system. An effective internal control system helps an entity adapt to shifting environments, evolving demands, changing risks, and new priorities. As programs change and entities strive to improve operational processes and implement new technology, management continually evaluates its internal control system so that it is effective and updated when necessary. Section 3512 (c) and (d) of Title 31 of the United States Code (commonly known as the Federal Managers? Financial Integrity Act (FMFIA)) requires the Comptroller General to issue standards for internal control in the federal government.

Risk Management Handbook

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Author :
Publisher : Simon and Schuster
ISBN 13 : 1620874598
Total Pages : 112 pages
Book Rating : 4.6/5 (28 download)

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Book Synopsis Risk Management Handbook by : Federal Aviation Administration

Download or read book Risk Management Handbook written by Federal Aviation Administration and published by Simon and Schuster. This book was released on 2012-07-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every day in the United States, over two million men, women, and children step onto an aircraft and place their lives in the hands of strangers. As anyone who has ever flown knows, modern flight offers unparalleled advantages in travel and freedom, but it also comes with grave responsibility and risk. For the first time in its history, the Federal Aviation Administration has put together a set of easy-to-understand guidelines and principles that will help pilots of any skill level minimize risk and maximize safety while in the air. The Risk Management Handbook offers full-color diagrams and illustrations to help students and pilots visualize the science of flight, while providing straightforward information on decision-making and the risk-management process.

International Convergence of Capital Measurement and Capital Standards

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Author :
Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis International Convergence of Capital Measurement and Capital Standards by :

Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Responsible Research

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Publisher : National Academies Press
ISBN 13 : 0309169038
Total Pages : 312 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Responsible Research by : Institute of Medicine

Download or read book Responsible Research written by Institute of Medicine and published by National Academies Press. This book was released on 2003-01-06 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: When 18-year-old Jesse Gelsinger died in a gene transfer study at the University of Pennsylvania, the national spotlight focused on the procedures used to ensure research participants' safety and their capacity to safeguard the well-being of those who volunteer for research studies. Responsible Research outlines a three-pronged approach to ensure the protection of every participant through the establishment of effective Human Research Participant Protection Programs (HRPPPs). The approach includes: Improved research review processes, Recognition and integration of research participants' contributions to the system, and Vigilant maintenance of HRPPP performance. Issues addressed in the book include the need for in-depth, complimentary reviews of science, ethics, and conflict of interest reviews; desired qualifications for investigators and reviewers; the process of informed consent; federal and institutional oversight; and the role of accreditation. Recommendations for areas of key interest include suggestions for legislative approaches, compensation for research-related injury, and the refocusing of the mission of institutional review boards. Responsible Research will be important to anyone interested in the issues that are relevant to the practice of using human subjects as research participants, but especially so to policy makers, research administrators, investigators, and research sponsorsâ€"but also including volunteers who may agree to serve as research participants.

Intentional Human Dosing Studies for EPA Regulatory Purposes

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Publisher : National Academies Press
ISBN 13 : 0309166411
Total Pages : 226 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Intentional Human Dosing Studies for EPA Regulatory Purposes by : National Research Council

Download or read book Intentional Human Dosing Studies for EPA Regulatory Purposes written by National Research Council and published by National Academies Press. This book was released on 2004-06-04 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The EPA commissioned The National Academies to provide advice on the vexing question of whether and, if so, under what circumstances EPA should accept and consider intentional human dosing studies conducted by companies or other sources outside the agency (so-called third parties) to gather evidence relating to the risks of a chemical or the conditions under which exposure to it could be judged safe. This report recommends that such studies be conducted and used for regulatory purposes only if all of several strict conditions are met, including the following: The study is necessary and scientifically valid, meaning that it addresses an important regulatory question that can't be answered with animal studies or nondosing human studies; The societal benefits of the study outweigh any anticipated risks to participants. At no time, even when benefits beyond improved regulation exist, can a human dosing study be justified that is anticipated to cause lasting harm to study participants; and All recognized ethical standards and procedures for protecting the interests of study participants are observed. In addition, EPA should establish a Human Studies Review Board (HSRB) to evaluate all human dosing studiesâ€"both at the beginning and upon completion of the experimentsâ€"if they are carried out with the intent of affecting the agency's policy-making.

Regulation of Crypto Assets

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Publisher : International Monetary Fund
ISBN 13 : 1513520318
Total Pages : 27 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Regulation of Crypto Assets by : Cristina Cuervo

Download or read book Regulation of Crypto Assets written by Cristina Cuervo and published by International Monetary Fund. This book was released on 2020-01-10 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth of crypto assets has raised questions about the appropriate regulatory perimeter and the ability of the existing regulatory architecture to adapt to changing conditions. Effective regulation of financial services promotes long- term economic stability and minimizes the social costs and negative externalities from financial instability. The same underlying principles for regulation should apply to nascent products and services based on innovative technologies, notwithstanding design challenges.

Methods and Techniques for Cleaning-up Contaminated Sites

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Publisher : Springer Science & Business Media
ISBN 13 : 1402068751
Total Pages : 196 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Methods and Techniques for Cleaning-up Contaminated Sites by : Michael D. Annable

Download or read book Methods and Techniques for Cleaning-up Contaminated Sites written by Michael D. Annable and published by Springer Science & Business Media. This book was released on 2008-01-29 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication comprises the presentations made at the NATO Advanced Research Workshop held in Sinaia, Romania 9 – 11 October, 2006. The contributions represent a unique cross section of issues and challenges related to contaminated site management. These range from low cost solutions to petroleum contaminated sites to advances in biological treatment methods. The publication is meant to foster links between groups facing challenges cleaning up contaminated sites.

Ethical and Scientific Issues in Studying the Safety of Approved Drugs

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Publisher : National Academies Press
ISBN 13 : 0309218160
Total Pages : 292 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Ethical and Scientific Issues in Studying the Safety of Approved Drugs by : Institute of Medicine

Download or read book Ethical and Scientific Issues in Studying the Safety of Approved Drugs written by Institute of Medicine and published by National Academies Press. This book was released on 2012-07-30 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: An estimated 48 percent of the population takes at least one prescription drug in a given month. Drugs provide great benefits to society by saving or improving lives. Many drugs are also associated with side effects or adverse events, some serious and some discovered only after the drug is on the market. The discovery of new adverse events in the postmarketing setting is part of the normal natural history of approved drugs, and timely identification and warning about drug risks are central to the mission of the Food and Drug Administration (FDA). Not all risks associated with a drug are known at the time of approval, because safety data are collected from studies that involve a relatively small number of human subjects during a relatively short period. Written in response to a request by the FDA, Ethical and Scientific Issues in Studying the Safety of Approved Drugs discusses ethical and informed consent issues in conducting studies in the postmarketing setting. It evaluates the strengths and weaknesses of various approaches to generate evidence about safety questions, and makes recommendations for appropriate followup studies and randomized clinical trials. The book provides guidance to the FDA on how it should factor in different kinds of evidence in its regulatory decisions. Ethical and Scientific Issues in Studying the Safety of Approved Drugs will be of interest to the pharmaceutical industry, patient advocates, researchers, and consumer groups.

Risk Management and Corporate Governance

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Author :
Publisher : OCDE
ISBN 13 : 9789264208629
Total Pages : 0 pages
Book Rating : 4.2/5 (86 download)

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Book Synopsis Risk Management and Corporate Governance by : Organization for Economic Cooperation and Development

Download or read book Risk Management and Corporate Governance written by Organization for Economic Cooperation and Development and published by OCDE. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This sixth peer review of the OECD Principles of Corporate Governance analyses the corporate governance framework and practices relating to corporate risk management, in the private sector and in state-owned enterprises. The review covers 26 jurisdictions and is based on a general survey of all participating jurisdictions in December 2012, as well as an in-depth review of corporate risk management in Norway, Singapore and Switzerland. The report finds that while risk-taking is a fundamental driving force in business and entrepreneurship, the cost of risk management failures is often underestimated, both externally and internally, including the cost in terms of management time needed to rectify the situation. The reports thus concludes that corporate governance should ensure that risks are understood, managed, and, when appropriate, communicated.

Risk Regulation at Risk

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Publisher : Stanford University Press
ISBN 13 : 080477918X
Total Pages : 288 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis Risk Regulation at Risk by : Sidney Shapiro

Download or read book Risk Regulation at Risk written by Sidney Shapiro and published by Stanford University Press. This book was released on 2002-09-25 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1960s and 1970s, Congress enacted a vast body of legislation to protect the environment and individual health and safety. Collectively, this legislation is known as “risk regulation” because it addresses the risk of harm that technology creates for individuals and the environment. In the last two decades, this legislation has come under increasing attack by critics who employ utilitarian philosophy and cost-benefit analysis. The defenders of this body of risk regulation, by contrast, have lacked a similar unifying theory. In this book, the authors propose that the American tradition of philosophical pragmatism fills this vacuum. They argue that pragmatism offers a better method for conceiving of and implementing risk regulation than the economic paradigm favored by its critics. While pragmatism offers a methodology in support of risk regulation as it was originally conceived, it also offers a perspective from which this legislation can be held up to critical appraisal. The authors employ pragmatism to support risk regulation, but pragmatism also leads them to agree with some of the criticisms against it, and even to level new criticisms of their own. In the end, the authors reject the picture—painted by risk regulation’s critics—of widely excessive and irrational regulation, but the pragmatic perspective also leads them to propose a number of recommendations for useful reforms to risk regulation.

Soil and Groundwater Remediation Technologies

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Author :
Publisher : CRC Press
ISBN 13 : 1000046826
Total Pages : 351 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Soil and Groundwater Remediation Technologies by : Yong Sik Ok

Download or read book Soil and Groundwater Remediation Technologies written by Yong Sik Ok and published by CRC Press. This book was released on 2020-03-23 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers various soil and water treatment technologies due to increasing global soil and water pollution. In many countries, the management of contaminated land has matured, and it is developing in many others. Topics covered include chemical and ecological risk assessment of contaminated sites; phytomanagement of contaminants; arsenic removal; selection and technology diffusion; technologies and socio-environmental management; post-remediation long-term management; soil and groundwater laws and regulations; and trace element regulation limits in soil. Future prospects of soil and groundwater remediation are critically discussed in this book. Hence, readers will learn to understand the future prospects of soil and groundwater contaminants and remediation measures. Key Features: Discusses conventional and novel aspects of soil and groundwater remediation technologies Includes new monitoring/sensing technologies for soil and groundwater pollution Features a case study of remediation of contaminated sites in the old, industrial, Ruhr area in Germany Highlights soil washing, soil flushing, and stabilization/solidification Presents information on emerging contaminants that exhibit new challenges This book is designed for undergraduate and graduate courses and can be used as a handbook for researchers, policy makers, and local governmental institutes. Soil and Groundwater Remediation Technologies: A Practical Guide is written by a team of leading global experts in the field.