November 7, 2019 : Nachhaltigkeitsrisiken

PRMIA Frankfurt präsentiert Nachhaltigkeitsrisiken - Risikomanagement und Anforderungen der Aufsicht. Das Thema 'Nachhaltigkeit' gewinnt in allen Bereichen des öffentlichen Lebens mehr und mehr an Bedeutung. Auch im Finanzsektor beschäftigt man sich seit mehreren Jahren intensiv u.a. mit Klimarisiken und nachhaltiger Finanzierung. Einerseits haben verschiedene Initiativen auf nationaler und europäischer Ebene die Erarbeitung von Standards vorangetrieben. Daneben hat auch die BAFin im September einen Entwurf für ein Merkblatt zum Umgang mit Nachhaltigkeitsrisiken veröffentlicht. Wir wollen mit Ihnen die Inhalte des Merkblattes analysieren und die Auswirkungen auf das Risikomanagement in Ihren Häusern diskutieren.



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November 10th - PRMIA Event on Cyber Risk: Threats and Mitigation Strategies

PRMIA Munich is proud to invite you to an Expert Panel on:

Cyber Risk: Threats and Mitigation Strategies 

This chapter meeting of  PRMIA Munich adresses important cyber risk themes by an expert panel of practitioners from IT - software, hardware, security, insurance, and consulting discussing about:
 

• Anecdotal evidence about cyber risks - examples for various industries
• Types of cyber threats
• Harm and damages - dimensions and costs of cyber risks
• Responses to cyber attacks and recovering
• Mitigation strategies
• Markets and types for cyber insurance
• What’s the focus of insurance underwriters

The panelists are:

• José Fidalgo: Head of Risk Consulting Liability Central and Eastern Europe at Allianz Global Corporate and Specialty
• Thomas Fritzsche: Senior Manager at KPMG Forensic
• Kai Bender: Head of Oliver Wyman’s Strategic IT & Operations Practice/Germany
• Andreas Schlayer: Head of global team of experts at Munich Re, responsible for the insurance of information technology risks
• Thomas Schoen: Managing Director of RIGS IT GmbH
• Juergen Kohr: SVP at T-Systems

For more details regarding this event, venue and registration please use the following link:

http://www.prmia.org/civicrm/event/info?reset=1&id=6733

October 13th - PRMIA Event on Operational Risk Management

PRMIA Munich is proud to invite you to a presentation by Dr. Ariane Chapelle on:

Recent developments in Operational Risk Management

During this talk we will cover the aspects of ORM for financial institutions gaining traction over the recent years as best market practice. These include: risk appetite, tolerance and risk limits; preventive key risk indicators, scenario identification and assessment, embedding risk culture.

The talk summarizes some of the highlights of the flagship PRMIA course  “Advanced Operational Risk Management”  delivered by Dr. Chapelle.

For more information regarding venue, speaker and registration please use the following link:
http://www.prmia.org/civicrm/event/info?reset=1&id=6471

OpenGamma

Thetaris wants to call your attention to a new player in the financial software business we're very excited about: OpenGamma. Already recognized as a "firm of the future" by Risk Magazine, OpenGamma and its unified system for front-office and risk calculations is the latest buzz in the financial services industry. Especially interesting for our customers are its portfolio and the market data management capabilities.

The platform software is based on modern design principles and gets delivered as open source - notwithstanding full commercial support. Custom commercial components are also available and the platform's openness fosters integration with and extension by specialized data or technology providers. As such OpenGamma is a perfect match for Thetaris and its cutting-edge technologies and financial know-how.

A prototype for ThetaML integration with OpenGamma is already complete. We like the professional yet open mindset of the OpenGamma folks. As a matter of fact, we've already made first contributions back to the platform's official GitHub repository. We think the financial community can benefit a lot by joining up to improve this standards-based platform and create even better solutions for customers. 

Theta Suite - The Financial Simulation Tool - Free for Academics

Thetaris provides academic users free access to our Monte-Carlo simulation software - Theta Suite, together with full technical support. By offering a free academic license we want you and your colleagues to enjoy all the benefits which so far only industry practitioners have experienced.

Theta Suite comes in two versions: Theta Suite XL is a stand-alone version which allows you to perform simulations in Excel in a brand new fashion. Theta Suite Professional on the other hand is deeply integrated into Matlab, so one could call it the Monte-Carlo toolbox for Matlab. So if you already use Matlab in your academic work, this could be your version of choice.

PRMIA Event on Discounting after the Financial Crisis

The PRIMIA Munich Chapter invited its community to a meeting with Dr. Roland Stamm, Deutsche Pfandbriefbank, and his talk about the "Discounting and Curve Construction Since the Beginning of Financial Crisis 2007" on the 18th of October 2012.

In the aftermath of the financial crisis one major pillar of financial engineering and risk-free pricing has disappeared: Interest rates for lending and borrowing money can no longer be assumed to be more or less equal. When spreads between lending and borrowing widened after 2007, financial engineers realized they had to look for new approaches to product pricing.

Even relatively simple products like basis swaps turned into a big challenge. Before the crisis, swaps could be priced very objectively from a known interest rate curve. After the crisis counter party risks started to play a major role. This not only affects the valuation of hedging instruments but also the valuation of collateral that nowadays has to be provided and actively updated during a product's life cycle.

Trading swaps between banks also has become a problem. Very often it is simply not possible to agree on one price. Financial engineers are just starting to establish theories to cope with this complicated world. Before the crisis structured products were challenging. Now, simple products can pose an even bigger challenge.

Please find the presentation here: Presentation: Discounting and Curve Construction Since the Beginning of Financial Crisis 2007

Cover Story at RISIKOMANAGER

Thetaris article is cover story of German finance magazine RISIKO MANAGER Issue 11/2012

The article „Markt-Risikomanagement für  Asset Manager“, written by Dr. Andreas Grau, CEO and Dr. Stefan Dirnstorfer – COO of the Thetaris GmbH  - is the main topic of the actual RISIKO MANAGER issue 11.2012 (www.risiko-manager.com).

The article describes the basic necessity of professional risk management not only for investment banking but also in the area of asset management.  Furthermore it points out that the investment in a solid and mature risk management solution is cheaper and easier to implement than public opinion suggests. At the end the user – specifically a asset manager – will eventually not recognize that he is still working with his used calculation tool.

Please find an extract of the article online here  - the complete article can be ordered in written form on the RISIKO MANAGER website

Risk Managment: Investment Bank Solution for Asset Manager

Maintainable, transparent models replace in-house development based on Excel-VBA

Thetaris, a world-leading provider of modeling solutions for the financial sector, releases Theta Suite Portfolio Market Risk Management. This novel risk management software solution offers asset managers and small to medium sized insurance companies the flexibility and performance which so far has only been achieved with applications tailored to major financial institutions. 

Presentation: PRMIA Workshop on Variable Annuities

Great Success for the Workshop on Variable Annuities

Thank you for the large interest! The PRMIA (Professional Risk Managers' International Association) Munich Chapter meeting, took place on the 3^rd of April 2012 and has been organized by Thetaris. Variable Annuities (VAs) and their importance in the area of research and industry – this was one interesting and suspenseful aspect of the 3 presentations. After lively discussions with the three competent speakers most of participants took the opportunity to intensify the exchange of ideas and opinions during the following get together.

Janos Benk explaining the ThetaML based PDE solver FITOB