Recognising the increasing consolidation in Financial Services, the Banking Interest Group's overall objective is to develop the profession's understanding of banking, and facilitate the placement of actuaries at working level within banks.

Details of the Group's work will be posted here. Reports and articles which may be of interest are set out below.

Prior to March 2008 this area was dealt with by the Action Group for Banking.

For enquiries about the work of the Banking Interest Group, contact Audrey Cosens (audrey.cosens@actuaries.org.uk) or Joanna Blint (joanna.blint@actuaries.org.uk) in the first instance.

Reports and articles

• Economic capital: a unifying approach
  by Pradip Tapadar. Risk magazine Special Report. [pdf]. Jan 2008
• Comparing bank and life insurer risks, part 2
  by Patrick Kelliher. The Actuary [pdf]. Jan 2008
• Comparing bank and life insurer risks
  by Patrick Kelliher. The Actuary [pdf]. Dec 2007
• Networking Evening: How the integration of insurance and banking techniques and thinking can add real commercial value. Oct 2007
• Banking and insurance contracts
  by Ian Fagelson. The Actuary [pdf]. Sep 2007
• Funded reinsurance
  by Greg Solomon and Martina Moosmann. The Actuary [pdf]. Aug 2007
• A day in the life of a pension fund buyout actuary
  by David Collinson. The Actuary [pdf]. July 2007
• Life modelling techniques in banking
  by Harvey Chamberlain. The Actuary [pdf]. June 2007
• Lifetime mortgage products
  by Jim Cockburn and John Young. The Actuary [pdf]. June 2007
• Practical and business implications of Basel 2 for UK mortgage lenders,
  by Bruce Porteous. Slides of a talk given to the Mortgage Lending Strategy Summit [pdf, 2,180 kb]. 29 Apr 2004
• An underestimated risk,
  by Louise McCulloch and Bruce Porteous. Credit Today [pdf]. Aug 2003
• Will sales regulation change the face of the mortgage industry? Learning from history 
  by Mark Joannes, Scott Robinson and Frank Fletcher [pdf]. Jul 2003
• Mortgage prepayment risk [early repayment risk]
  A study conducted by the Actuarial Profession has revealed how techniques used in the insurance industry can assist mortgage lenders to measure and predict prepayment behaviour and manage its impact more effectively.
• An approach to economic capital for financial services firms,
  by Bruce Porteous, Louise McCulloch and Pradip Tapadar. Risk magazine [pdf]. Apr 2003
• Managing post-convergence risks in financial conglomerates 
  by Bruce Porteous. Risk magazine[pdf]. Jun 2002
• The Basel Capital Accord
  by Bruce Porteous. The Actuary [pdf]. Sep 2001