Welcome!

News Feed Item

Using Stress Testing Results to Optimize Business Potential

Interview With Tom Villella, Director Model Validation With Astoria Bank, on Key Topics to Be Discussed at the Upcoming marcus evans 3rd Capital Adequacy, Strategy and Stress Testing Conference, on September 15-17 in New York City

NEW YORK, NY -- (Marketwired) -- 06/19/14 -- Banks need to know how to allocate and manage capital in the most efficient way today to ensure they meet regulatory requirements but have enough capital left to meet internal business needs, grow and ultimately increase profitability and outperform competition. Banks want to know how to use the results of a stress test to gain a profit in the end and to ensure the systems are integrated and streamlined to save time and, therefore, money. At the 3rd Capital Adequacy, Strategy and Stress Testing Conference, Tom Villella with Astoria Bank will touch upon how to integrate stress testing into day-to-day activities in a panel discussion with Federal Reserve Bank of San Francisco and BNY Mellon. Tom gives pre-conference insights into his session and the topic of stress testing:

Why is Capital Management such a key issue for banks at this time?

Capital Management has come to the forefront due to regulatory pressure. The importance to community bankers extends far beyond this more limited use. Capital belongs to our shareholders. It represents a statement of trust in our organization.

As such, we need to extend stress testing beyond the regulatory mandates to ensure that we risk adjust all returns. This small step will greatly aid us in knowing which business lines to emphasize and which to reduce. Active capital management will assist us in making more informed decisions and reward our shareholders with better results all while maximizing margins and minimizing losses. Technological and training aimed at Stress tests may increase the efficiency and quality of work in areas beyond risk.

Is investment in technical infrastructure the key to coping with the increased regulatory pressures at this time?

Technical resources are an important component in coping with increased regulatory oversight. We may need better technology and different skills than what we brought to bear in the past. In this regard hardware and software investments may lead to better employees as the stress of manual work is reduced. The new regulatory paradigm requires that we take every opportunity to substitute data cleaning for data analysis. As our employees use the new found tools they may develop insights that were lost before in the fog of manual tasks.

How is the stress testing regimen being adapted to help banks with their capital management strategies?

At many banks stress technology is being used in underwriting and profitability reporting. Capital allocation now takes into consideration quantitative as well as qualitative measures. The new stress models are contributing to a "Whole Bank" view rather than the old silo mentality. Benefits will continue to accrue as we push the new technologies to other areas of our banks.

What do you think you will gain from attending this event?

I am looking for perspectives from different banks both larger and smaller. I am also hoping to find professionals who may have the same issues so that we could compare notes, discuss software and hardware etc.

For more information, please contact Tyler Kelch, Marketing Coordinator, Media & PR, GFMI at 312-894-6310 or [email protected]

About Thomas Villella
Director Model Validation, Astoria Bank.

A CFA charter holder since 1992, Tom was certified in Risk Management by the Global Association of Risk Professionals in 1997. He worked in Market risk with an emphasis on Fixed Income in several money center banks before joining Algorithmic (2005) as a Financial Engineer in professional services and later, Pre Sales. Tom has done extensive econometric modeling and development of risk applications. He has, at various junctures, been responsible for ALM/Liquidity, Counterparty Credit and Liability Structuring. Tom has served on ALCO committees and led Market Risk committees. Currently, Tom is Director of Model Validation at Astoria Bank.

About GFMI
GFMI (a marcus evans company) conferences annually produce over 2,000 high quality events designed to provide key strategic business information, best practice and networking opportunities for senior industry decision-makers. Our global reach is utilized to attract over 30,000 speakers annually; ensuring niche focused subject matter presented directly by practitioners and a diversity of information to assist our clients in adopting best practice in all business disciplines.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2622240

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.