Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
Introduction Read chapter Read first chapter

2019 | OriginalPaper | Chapter

13. Big Data and the CRO of the Future

Author : Richard L. Harmon

Published in: The Impact of Digital Transformation and FinTech on the Finance Professional

Publisher: Springer International Publishing

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

This article section deals with the challenges of a Chief Risk Officer and how to go about solving them. It investigates the potential of big data and an analytics platform including aspects of open source software and the cloud. Challenges are then dealt with in further detail, spanning from financial risk and nonfinancial risk to regulatory aspects and the impact of machine learning, AI and ABM. The section summarizes how the next generation of risk management should look.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
previous chapter Managing Internal and External Network Complexity: How Digitalization and New Technology Influence the Modeling Approach
next chapter How Technology (or Distributed Ledger Technology and Algorithms Like Deep Learning and Machine Learning) Can Help to Comply with Regulatory Requirements
Footnotes
1
Harmon (2018).
 
2
Härle, Havas, Samandari, Kremer, and Rona (2016).
 
3
Härle et al. (2016).
 
4
Portilla et al. (2017).
 
5
Grasshoff et al. (2018).
 
6
Supervision (2015).
 
7
Constâncio (2017).
 
8
Bookstaber, The end of theory—Financial crises, the failure of economics, and the sweep of human interaction (2017).
 
9
Cont and Gordy (2017).
 
10
Cont and Gordy (2017)
 
11
Anderson et al. (2015).
 
12
Bookstaber, Foley, and Tivnan, Toward an understanding of market resilience: Market liquidity and heterogeneity in the investor decision cycle (2015).
 
Literature
Anderson, R., Danielsson, J., Baba, C., Das, U. S., Kang, H., & Basurto, M. A. (2015). Macroprudential stress tests and policies: Searching for robust and implementable frameworks. Washington, DC: IMF.
Bookstaber, R. (2017). The end of theory—Financial crises, the failure of economics, and the sweep of human interaction. Princeton: Princeton University Press.
Cont, R., & Grody, M. (2017). Special Issue: Monitoring Systemic Risk: Data, Models and Metrics. Statistics & Risk Modeling, 34(3–4), 89. Berlin/Boston: Walter de Gruyter GmbH.
Härle, P., Havas, A., Kremer, A., Rona, D., & Samandari, H. (2016). The future of bank risk management, McKinsey Working Papers on Risk.
Portilla, A., Vazquez, J., Harreis, H., Pancaldi, L., Rowshankish, K., Samandari, H., … Staples, M. (2017). The future of risk management in the digital era, Institute of International Finance and McKinsey & Company, Inc.
Supervision, B. C. (2015). Making supervisory stress tests more macroprudential: Considering liquidity and solvency interactions and systemic risk (BIS Working Paper, Vol. 29).
Metadata
Title
Big Data and the CRO of the Future
Author
Richard L. Harmon
Copyright Year
2019
Book
The Impact of Digital Transformation and FinTech on the Finance Professional

Print ISBN: 978-3-030-23718-9

Electronic ISBN: 978-3-030-23719-6

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-3-030-23719-6_13