Singapore banks ramp up cyber scenario analysis

StanChart building out scenario library as dealers up use of technique to gauge spending on defences

Scenario planning analysis

Consumer data is hot property in Singapore – hackers are after it and banks are huge holders of it. And after last year’s major data breaches impacting the country’s healthcare sector, a successful data heist affecting financial firms is seen as only a matter of time: a poll of attendees at Risk.net’s OpRisk Asia conference yesterday (May 29) found 88% believed breaches at banks were inevitable.

If a successful attack is a given, one technique banks can use to gauge how bad the consequences

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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