Discover and read the best of Twitter Threads about #Solvency

Most recents (4)

[1/9] "Don't Trust, Verify"
–Ein Spruch, der derzeit die Runde macht, nachdem Unsummen von Milliarden durch #FTX und #SBF veruntreut wurden–

5 Begrifflichkeiten, die du jetzt unbedingt verstehen musst, um Exchanges besser einschätzen zu können!
🧵👇
[2/9] 👉 "#Merkle #Tree"

• Ist ein binärer #Hash-Baum, also eine Datenstruktur in der #Kryptografie, bei der jeder Blattknoten ein Hash-Wert eines Datenblocks darstellt
• Nachträgliche Änderungen wirken sich auf die "Wurzel" aus
• Effizientes Mittel der #Datenüberprüfung My User ID: Satoshi My BTC ...Merkle Root da8fc, Merkle B...
[3/9] 👉 "#Proof of #Reserves"

• Der Beweis durch einen unabhängigen Prüfer, dass der #Exchange tatsächlich ALLE #Assets (Einlagen und Salden) besitzt, die er vorgibt zu haben
• Während des #PoR wird der "anonymisierte #Snapshot" der Salden zu einem Merkle Baum zusammengesetzt Proof of Reserves Source: h...
Read 9 tweets
What is driving the FS Industry to invest more in #GRC &/or ERM Technology?
@irmglobal @IRMIowl @ERMAcademy
Let me try to answer this question in a generalized manner. So, its applicability extends beyond banks, risk insurance and asset management firms.
I think ERM Systems and/or the GRC Systems have now become more regulation oriented across different legal compliance jurisdictions.
Kindly, do note that the ERM/ GRC Models being used are not always the same. Different Industries identify, measure and apply risk controls in an entirely different manner from one another.
Read 23 tweets
Most of the #ERM Units / Desks at banks hire Actuaries as Quantitative Risk Experts in either the front or the middle offices.
However, to be a CRO, you ideally ought to know the business model risks, credit underwriting risks (if you are working at a Commercial Bank),
the governance, risk and compliance issues, IT/Data and Cybersecurity related Risk Issues, risk culture, risk attitudes, risk conduct and risk change management processes, DRP and BCP, and the Non -Financial Operational Risks in addition to quantifiable risks such as Credit,
Market and Liquidity Risks that exists across financial markets and asset class/es.
Read 10 tweets
An event that slipped by quietly is,
#Moody’s upgrading #YesBank's long-term foreign&local currency deposit ratings,from Caa1 to B3

Foreign currency senior unsecured #MTN rating of #Yes,raised from (P)Caa1 to (P)B3

Rating upgrade,follows successful #FPO,where Yes raised 15000Cr
Surprising,how mainstream media that went hammer&tong at the @narendramodi govt,in March 2020,when #YesBank collapsed,thx to a fraudulent #RanaKapoor&his ilk,is silent today,post the brilliant recovery of #Yes,coming back on track

PSB,#SBI,is doing a good job in resurrecting Yes
A significantly improved #Solvency ratio,#Moodys said, "strengthens #YesBank’s resilience to potential asset quality risks from impact of economic slowdown& #coronavirus related disruptions"

Moody's also lauded Yes Bank’s funding&liquidity that moderately improved in June'20 qtr
Read 5 tweets

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