Wolters Kluwer Financial Services' Expert to Speak at Stress Testing USA Conference

Chris Maclin to Provide Guidance on Shortening CCAR Processing Timelines for a Better Return on Assets

MINNEAPOLIS--()--Wolters Kluwer Financial Services today announced that Chris Maclin, vice president and general manager, Finance, Risk and Reporting, Americas, will provide guidance on shortening the Comprehensive Capital Analysis and Review, or CCAR, processing timeline and reducing manual handoffs. His presentation is part of the third annual Stress Testing USA conference, March 18-19, at the New York Hilton Midtown in New York City.

Many organizations struggle with how to best integrate stress testing into their strategic planning and business decision making processes in order to effectively comply with regulations.

In this session, Maclin will offer best practices to:

  • Improve CCAR controls of data and data quality;
  • Switch from “processing” CCAR to “analyzing” CCAR to help achieve a better return on assets;
  • Measure aggregate model risk, CCAR sensitivities and attribution analysis; and
  • Develop analytics to assess CCAR risk and data quality across peers.

“All players in the financial services industry are under stress, which is an extremely difficult position to operate from,” said Maclin. “Wolters Kluwer Financial Services’ participation at the Stress Testing USA conference demonstrates our commitment to helping financial institutions systematically increase confidence from both customers and regulators by applying integrated and consistent stress testing techniques and methodologies.”

Having joined Wolters Kluwer Financial Services in 2013, Chris Maclin is a vice president and general manager responsible for Finance, Risk and Reporting and works collaboratively with institutions of all sizes. Drawing on his more than 15 years of data management, credit risk, asset and liability management, stress testing and regulatory reporting experience, Maclin advises clients on innovative ways to leverage technology to match their processes to industry best practices in both risk and finance.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

Contacts

Wolters Kluwer Financial Services
Chuck Miller, 320-240-5457
Director, Corporate Communications
charles.miller@wolterskluwer.com
On Twitter: @charleswmiller

Release Summary

Wolters Kluwer Financial Services’ expert to speak at Stress Testing USA conference.

Contacts

Wolters Kluwer Financial Services
Chuck Miller, 320-240-5457
Director, Corporate Communications
charles.miller@wolterskluwer.com
On Twitter: @charleswmiller