News
EBA PUBLISHES DISCUSSION PAPER ON MACHINE LEARNING FOR IRB MODELS
The European Banking Authority (EBA) has published a discussion paper on the use of machine learning (ML) for IRB models. It presents possible challenges and benefits of using ML models, together with some recommendations on how to use them prudently. Depending on the answers to the questions posed in this paper, the EBA may change its attitude towards the use of ML models.
AUSSIE & KIWI FILM FEST, 10 – 14 DECEMBER, 2021
We are proud partner of the Aussie & Kiwi Film Fest. The 8th edition of the festival showcases contemporary Australian, New Zealand and Pacific cinema and culture, introducing audiences to the sunny culture and laid-back lifestyle. The whole event opens with a unique exhibition Aboriginal ART in Prague.
A NEW BOOK BY OUR COLLEAGUES COMING OUT
A new book R Language and Creating Graphs by our colleagues Petr Veselý and Kateřina Nováková has just been published. The book introduces you to the R programming language and its basic tools and graphical possibilities. The book also includes a number of examples showing how to create 2D and 3D graphs and other special graphs.
EBA UPDATES RISK ASSESSMENT INDICATORS
The European Banking Authority (EBA) published an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide. Without adding any reporting burden neither on reporting institutions nor on competent authorities, this guidance describes how risk indicators are computed in EBA publications and allows competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments and analyses.
ECB PUBLISHES SUPERVISORY BANKING STATISTICS FOR THE SECOND QUARTER OF 2021
Aggregate Common Equity Tier 1 ratio stood at 15.60% in second quarter of 2021. Aggregate non-performing loans ratio fell further to 2.32%, with stock of non-performing loans declining to €422 billion. Aggregated annualised return on equity stood at 6.92%. The aggregate loan-to-deposit ratio decreased further to 104.74% in second quarter of 2021.
Read the full article here.
THE EBA PUBLISHES ITS REGULAR MONITORING REPORT ON BASEL III FULL IMPLEMENTATION IN THE EU
The European Banking Authority (EBA) published its regular monitoring Report of the full implementation, in 2028, of the final Basel III reforms in the EU. According to this assessment, the full Basel III implementation would result in an average increase of 13.7% on the current Tier 1 minimum required capital of EU banks. To comply with the new framework, EU banks would need EUR 3.1 billion of additional Tier 1 capital. The overall impact reflects the economic impact of the Covid-19 pandemic on participating banks that materialised up to December 2020, the reference date of this Report.
SUPERVISORY STRESS TESTS OF SELECTED BANKS 2021
The aggregate results of supervisory stress tests of domestic banks subject to CNB supervision confirmed their sufficient resilience to possible hypothetical adverse economic developments.
THESIS DYNAMIC SCORE-DRIVEN MODELS WAS SUCCESSFULLY DEFENDED
Our talented colleague Petra Tomanová defended a very complex and unique dissertation at the University of Economics.
WORLD MTB ORIENTEERING CHAMPIONSHIPS
Finland hosted the World Mountainbike Orienteering Championships in Kuortane on June 10 – 18, 2021 in which our colleague Kateřina Nováková participated. She finished 15th in the sprint, 17th in the middle distance and 5th in the relay. Congratulations!
IFRS 9 AND ITS BEHAVIOUR IN THE CYCLE
The new research paper of Oľga Pastiranová and Jiří Witzany investigates the procyclical behavior of IAS 39 and IFRS 9 provisioning rules during the economic cycle.