The Committee of European Banking Supervisors (CEBS) has produced a new set of high level risk management guidelines that stress the need for quantitative risk models to be balanced by a “qualitative approach” and for risk management systems to be revamped to take into account enterprise-wide risk exposure. In order to facilitate a qualitative approach, firms need to invest in their data feeds and systems in order to “explicitly” address macroeconomic environment trends and identify their potential impact on exposures and portfolios.

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