Banking

IAA Banking Working Group & ASSA Seminar, Chicago

Institute President Jenny Lyon reports on the International Association of Actuaries Conference in Chicago that included a seminar initiated by the Actuarial Society of South Africa, titled ‘The Actuary in Banking’. Australia was specifically invited given our work in developing a Part III banking subject.

Financial Advice Innovation – Considerations for Australian players

Future financial advice models that marry the best of technology and human intervention require considered thought and a disciplined approach to development. Here, Angat Sandhu outlines the experience and varied success of robo-advice and face-to-face propositions, and presents some key considerations for players in the Australian market.

Stress Testing – Confluence of the Actuaries and Economists Viewpoints

How can actuaries and quantitative professionals involved with stress testing help their organisations derive more value from the practice? Sen Nagarajan and Michael Thomas give us an overview of their 2017 Actuaries Summit presentation on stress testing.

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“There’s a BEAR in there” – The new financial services regime in Australia

Mark Baxter looks at the potential consequences of recently announced, significant extension to APRA’s powers relating to senior banking executives - will the Banking Executive’s Accountability Regime be a teddy BEAR or a grizzly BEAR?

Practice Update videos now available

The Actuaries Institute has just released the first collection of Practice Update videos! See what each committee has been up to and also earn CPD points.

Blockchain in Insurance

Dimitri Semenovich outlines some of the foundational concepts of blockchain technology, ahead of his upcoming presentation on the subject at the 2016 GI Seminar.

Banking on Capital: An Overview

Last month (Tuesday 30 August), the Actuaries Institute brought together an incredibly strong set of speakers from industry, regulators and academia to present their insights on the world of banking. Peter Sinkis reports.

The Future of Financial Services – FSF 2016 Wrap Up

FSF2016 examined how disruptors will impact the financial services industry. It asked, how can actuaries reimagine their career in the future world? Where are the opportunities?

Risk Culture Measurement

Sean McGing and Andrew Brown share their research and ideas on risk culture in banking and life insurance practices.

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Innovation in the Australian Managed Funds Industry

Eric McNamara looks at the innovative EFG product launched by actuaries in the 1960s and at the evolution of the managed funds industry in Australia.

The Changing Rules of the Game

This latest instalment in our Banking on Change event coverage charts two talks on regulatory changes delivered from the perspective of the banks.

A shallow dive into smart beta within equity

Henry Zhang breaks down smart beta to explain what these investment strategies are made of.

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Australian mortgage market - the best of times?

As part of the Banking on Change Seminar, Deloitte's James Hickey and Westpac's Sean Carmody offered an in-depth look at the state of today’s mortgage market and how banks consider the complex risks and interactions a mortgage product creates. Peter Sinkis reports.

Actuaries break into banking

Peter Sinkis reviews the recent 'Banking On Change' Seminar featuring insights on the international and domestic banking market from speakers including APRA Chairman Wayne Byres and RBA Assistant Governor Guy Debelle.

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NBA article slam-dunks 'most read’ list

What do Uber, Alan Joyce and Algo-advisors have in common? They all feature in the Top 10 most popular articles on Actuaries Digital since its launch.

Five minutes with NAB’s Gordon Allison

We put six questions to NAB's Head of Treasury Development & Transformation, Gordon Allison, ahead of his presentation at the Actuaries Institute’s Banking on Change Seminar.

Banking on Change Seminar - 16 September

As banks start to boost their capital reserves, finance commentators are asking ‘Is the golden age of banking drawing to a close?’ At the Institute's upcoming 'Banking on Change' seminar, leading regulators and banking and treasury specialists will discuss this issue and more.

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Bitcoins, Banking and the Blockchain

Money derives its value purely from the confidence and trust that everyone else places in it. The recent innovation of bitcoins has pushed the boundaries, writes Milton Lim.

Also this month