Piyush Srivastava

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President & Chief Operating Officer

RiskCounts LLC

Member since

03 Jan 2017

Location

Greater New York Area

Bio

coFounder, President & COO of RiskCounts LLC, www.riskcounts.com, a firm specializing in Risk Management and Risk Technology for financial services.

Experience

Summary

Capital Markets and Global Risk and GRC advisory leader with over two decades of experience at Wall Street banks and consulting firms.

Latest opinions

How AI is changing the Risk Management & Compliance

In this increasing debate over AI, in how it is good for mankind, and on the other side, how it is going to take away our jobs, what is the right answer? I would take the analogy of the advent of cars, trains or airplanes, in the times when people used horse carriages, horses or bullock carts. What was the advantage of a motor car or the train? Wel...

10 January 2018 Fintech

FRTB - The democratization and level playing field for the Trading book and Banking book

FRTB can be summarized in three lines as follows: - Close the loop hole of Capital Arbitrage between the Trading and the Banking books - Calculate the Capital as if the banks are in Stressed Market Conditions - Calculate Capital using the Standardized Approach, even though Trading desks calculate the Capital Charge using ...

12 January 2017

CECL - The new FASB accounting rule to capture expected credit losses for banks

In June 2016, FASB unveiled a guidelines for the banks to capture the credit loss by taking into account the expected credit losses over the expected lifetime of the products, and not use the 40 year old “Incurred Loss Model. Background of the new Current Expected Credit Loss Model (“CECL”) In 2011, the FASB and the International Accounting Standar...

09 January 2017

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Latest comments

What does the DTCC announcement mean for the future of Blockchain and Bitcoin?

The distributed ledger technology platform is the future of all accounting and trade reconcilation. Very appropriate and timely article.

12 Jan 2017 15:11 Read comment

PSD2: Challenges and promises for the future of banking

Another very relevant blog. Fintech are redefinign the way we do business today and how we will do things in the near future.

06 Jan 2017 20:53 Read comment

KYC: Solving the Regulatory Challenges of Data Privacy

Consolidation of KYC information and aggregation of client 360 view is the need of the hour for every financial institution. A relevant and timely topic.

06 Jan 2017 20:52 Read comment

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Piyush Srivastava