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

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

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
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...