![]() In a period of increased complexity, scenario generation requires more granular factors, incorporating both economic and broader uncertainties (for example, geopolitical risks, supply chain shocks). To support accurate modeling, scenarios must go beyond traditional approaches, many of which rely on a few standardized macroeconomic inputs. The more factors and factor combinations that they can model, the easier it will be to identify and scope potential impacts on portfolios and obligors. Increased uncertainty around future events, constantly shifting drivers, and an unusual combination of economic factors require banks to run scenarios that incorporate numerous external factors. Cultivate the ability to quickly simulate impacts on portfolios and obligors across multiple scenarios Five steps can support actions to achieve these outcomes. Optimally, they should also reevaluate tactical and strategic tool kits and ensure that operating models enable rapid execution. To navigate these headwinds, banks require tools to help them understand the fundamental drivers of portfolio and obligor performance. In the past year, the global economy has faced multiple challenges, and orthodoxies that have evolved over recent decades have become more uncertain. Five capabilities to navigate uncertainty enabling faster and more flexible executionĭecision makers that align their credit playbooks with these five imperatives may be better equipped to navigate uncertainty and develop a deeper understanding of the factors shaping credit quality over time.revisiting risk limits and triggers to reflect changes in the business cycle.creating a range of scenarios to quickly model potential outcomes at a granular level.In this article, we discuss five imperatives that may support edge sharpening across the following dimensions in credit risk management: 1 Michael Birshan, Ishaan Seth, and Bob Sternfels, “ Strategic courage in an age of volatility,” McKinsey, August 29, 2022. To both minimize risk and unlock pockets of value, more fundamental changes are required.Īs discussed in a recent McKinsey article, organizations that thrive in uncertainty hone three kinds of edge: superior insights, clarity and commitment to specific actions, and speed of execution. However, the current combination of events is unprecedented, and the challenge cannot be finessed by simple tweaks to model parameters. Many banking leaders are quickly realizing that new approaches are required to navigate current conditions and to spot potential opportunities.įaced with an array of unusual correlations, banks need to find ways to balance macro and micro risks, incorporating the diverse factors shaping the economy and understanding the implications for clients and portfolios. Indeed, the historical data used to support credit decisions often do not compute in the current context. Rising interest rates, high inflation, low unemployment, supply chain concerns, elevated commodity prices, strong but evolving consumer balance sheets, low consumer sentiment, and febrile geopolitics are among factors leading to bouts of financial and economic volatility-and deepening uncertainty for bank credit exposures. "editorUrl": "///drawsvg.There is nothing new under the sun, as the old expression goes. "func": "msg.responseUrl=msg.payload \nmsg.payload=msg.payload\n\n\nreturn msg ", Here is a small example flow of what i tried: [ Later there should be multiple events with different SVGs opening different URL-popupsĭoes someone know, if it is possible to create a popup in the Node-RED Dashboard and if yes, tell me how i can do it? Maybe i just don't get the payload right?īy clicking on the SVG, a event is starting and the SVG Node sends a payload to the output. I tryed it with the "http in", "http request", "http response" and function nodes, but it didn't work. My problem: I want a Website-popup in the Node-RED Dashboard by clicking on an information icon but i don't know how to create the popup. I'm creating an Interactive Floor Plan using Node-RED (with Dashboard and " node-red-contrib-ui-svg"
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