{"id":4649,"date":"2024-02-08T10:37:53","date_gmt":"2024-02-08T09:37:53","guid":{"rendered":"https:\/\/www.orbit36.com\/?p=4649"},"modified":"2024-02-08T10:56:24","modified_gmt":"2024-02-08T09:56:24","slug":"orbit36-workshop-at-banking-book-risk-management-conference-amsterdam","status":"publish","type":"post","link":"https:\/\/www.orbit36.com\/de\/orbit36-workshop-at-banking-book-risk-management-conference-amsterdam\/","title":{"rendered":"Orbit36 workshop at banking book risk management conference Amsterdam"},"content":{"rendered":"\n<p>Yesterday, I returned from the 7<sup>th<\/sup> annual banking book risk management conference in Amsterdam, where I had the pleasure to led the post-conference workshop.<\/p>\n\n\n\n<p>We talked about the implications of the recent bank failures on the future regulation and we had engaged discussions on the replication strategy for Non-Maturity Deposits (NMDs).<\/p>\n\n\n\n<p>A few key takeaways:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Large unrealized losses can undermine the trust in a bank. Avoiding large declines in Economic Value of Equity (EVE) is therefore crucial.<\/li>\n\n\n\n<li>There is an increased focus of regulators and banks on adverse impacts on Net Interest Income (NII)<\/li>\n\n\n\n<li>European Banks are subject to the IRRBB Supervisory Outlier Test (SOT), which limits changes in EVE to 15% of Tier 1 and changes in NII to 5% of Tier 1 under a 200bps parallel shock scenario<\/li>\n\n\n\n<li>Sometimes, \u0394EVE and \u0394NII can go into different directions, which makes the management of the two measures tricky<\/li>\n\n\n\n<li>An Orbit36 analysis on the replication assumptions of savings accounts in the Swiss market shows a wide dispersion. The different duration assumptions impact the individual banks\u2019 competitiveness in the savings market<\/li>\n\n\n\n<li>A reality check revealed that the repricing duration assumptions used by some banks in Switzerland were too aggressive in the current rate hiking cycle &nbsp;<\/li>\n\n\n\n<li>The linear modelling of NMDs is convenient, but does not reflect the real behaviour of NMDs. Orbit36 has developed a non-linear modelling approach as a possible alternative which allows to incorporate withdrawals and switches into term-deposits.<\/li>\n<\/ul>\n\n\n\n<p>In the workshop, we also explored how a Funds-Transfer-Pricing (FTP) framework can be implemented for active balance sheet management which sets the business the right incentives<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The main purpose of FTP is to steer the balance sheet. While conceptional rigor is required, the use of business judgement is sometimes unavoidable<\/li>\n\n\n\n<li>FTP should be regularly discussed in the ALCO, involving the business at a high seniority level<\/li>\n\n\n\n<li>Capital allocation and FTP need to be well aligned to avoid possible gaps or double counts<\/li>\n\n\n\n<li>The interest spread costs for capital instruments (AT1, MREL, TLAC) should not be incorporated into FTP, since the costs are driven by RWA or LRD rather than notional amounts<\/li>\n<\/ul>\n\n\n\n<p>In the main conference, the key topics were<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ownership of IRRBB models, business (1<sup>st<\/sup> line) vs. treasury\/risk (2<sup>nd<\/sup> line)<\/li>\n\n\n\n<li>Pricing of deposits in the current rate cycle (observed deposit betas\/passthrough rates)<\/li>\n\n\n\n<li>Management of IRRBB under EBA guidelines with SOT based on \u0394EVE and \u0394NII<\/li>\n\n\n\n<li>Treatment of Equity in IRRBB \u2013 highly controversial and different regulatory guidance (e.g. EBA vs. UK PRA)<\/li>\n<\/ul>\n\n\n\n<p>I am looking back to a three great conference days and I would like to thank MarcusEvans for the excellent organization and the renewed invitation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, I returned from the 7th annual banking book risk management conference in Amsterdam, where I had the pleasure to led the post-conference workshop. We talked about the implications of the recent bank failures on the future regulation and we had engaged discussions on the replication strategy for Non-Maturity Deposits (NMDs). A few key takeaways: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[6],"tags":[],"class_list":["post-4649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-unkategorisiert"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Orbit36 workshop at banking book risk management conference Amsterdam - Orbit36<\/title>\n<meta name=\"description\" content=\"Yesterday, I returned from the 7th annual banking book risk management conference in Amsterdam, where I had the pleasure to led the post-conference workshop. 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