I hope we never see in our island the bank rage which has created such mayhem in the streets of Manhattan and by St Paul’s in the city of London. Bank bosses, recently bailed out at taxpayers’ expense, are increasingly seen as arrogant, greedy, and unrepentant.
We at the National Bank do not lag either. We use the tools Predictive Analytics and Machine Learning in our early warning system which predicts the likelihood of troubles in banks by using machine learning techniques (Self-Organising Maps and Lasso logistic regression). We thereby monitor bank riskiness from the aspect of likelihood of the occurrence of any difficulties in their operation.