Measuring Exposure to Public Policy Risk
Thought Leadership Webinar: Recent advances in Natural Language Processing make it possible to convert the words of the public policy process into structured integers; the resulting measurements facilitate identification of portfolio exposures to shifts in policy activity. This webinar explores the new public policy data sets and their utility for risk measurement as well as scenario analysis.
Date:
February 10, 2021
Time:
10:00 - 11:00 a.m. EST
3:00 - 4:00 p.m. GMT
Presented By:
Barbara Matthews
Founder & CEO, BCMstrategy, Inc.
Session Length:
60 minutes
Financial risk models incorporate embedded assumptions regarding a broad range of public policy priorities that impact how firms measure, price, and manage risk exposures. From interest rates, debt-to-GDP ratios, and regulatory capital requirements to LIBOR architecture and 5G regulation, assumptions about public policy trajectories largely assume a steady state for the underlying public policies. Directly measuring exposure to public policy risks to date has not been possible due to a mismatch of inputs. Public policy operates on the level of unstructured verbal data while risk management requires a critical mass of structured data.
Recent advances in natural language processing make it possible to convert the words of the public policy process into structured integers using objective principles drawn from the disciplines of political science and law. The COVID-19 pandemic increases the importance of measuring directly the exposure to shifts in regulatory and financial policy given the large role government is playing in ensuring financial stability. This webinar will cover three areas: (i) the alternative data landscape before and after the pandemic; (ii) public policy data newly available to market participants; and (iii) top initial uses for public policy risk data in the risk management process (including, but not limited to, scenario analysis).
| About Our Expert |
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Barbara C. Matthews is Founder and CEO of BCMstrategy, Inc., a start-up technology company using patented processes to quantify public policy risk using the proprietary PolicyScope Platform. Prior to becoming a technology entrepreneur, Ms. Matthews has had a distinguished career at the frontier of innovation regarding geopolitical and financial regulation globally.
While in government, Ms. Matthews served as the first U.S. Treasury Attache to the European Union (with the Senate-confirmed diplomatic rank of Minister-Counselor) and as Senior Counsel to the House Financial Services Committee under the leadership of Chairman Michael G. Oxley. She was also the first Banking Advisor and Regulatory Counsel to the Institute of International Finance, Inc., where she worked directly with chief risk officers and chief executive officers and the leadership of the Basel Committee on Banking Supervision regarding derivatives regulation, cross-border supervision, and regulatory capital policy. She has chaired meetings and delivered speeches in Asia, the GCC, Latin America, North America, and Europe and helped pioneer the use of Quantitative Impact Studies (QIS) to assess regulatory implications associated with risk modeling processes.
Ms. Matthews holds a bachelor's degree in foreign science from Georgetown University’s School of Foreign Service as well as a Juris Doctor and a Master of Laws degree in Comparative and International Law from Duke University’s School of Law. A Fellow of the Salzburg Global Seminar and a non-resident Senior Fellow at the Atlantic Council, she is a Life Member of the Council on Foreign Relations and the Bretton Woods Committee. She has published multiple law review articles and book chapters throughout her career. Currently, she blogs at the New Atlanticist hosted by the Atlantic Council (mostly on trade and transatlantic policy), the Bretton Woods Committee (on multilateral organizations), Interactive Brokers (with the series “How To Trade The News”). The BCMstrategy, Inc. blog focuses on alternative data and global macro policy trends. The PolicyScope Platform blog highlights periodic “Quote of the Day” technical details discovered while using the PolicyScope Platform.
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Registration |
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Membership Type |
Price |
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Members (Sustaining, Corporate, RIM & Contributing)
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COMPLIMENTARY |
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Non Member |
$30 USD
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