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Quantifi’s Latest Whitepaper Explores the Challenges in Implementing a Counterparty Risk Management Process
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, has published a whitepaper entitled ‘Challenges in Implementing a Counterparty Risk Management Process’. The paper explores the key challenges for banks in the implementation of counterparty risk management, focusing on data and technology issues, in the context of current trends…
IMS Group Boosts Consultancy Practice
The IMS Group (IMS), a provider of global regulatory compliance consulting and integrated business support to the asset management and securities industry, has further bolstered its consultancy offering with the hires of Jonathan Mott, Oksana Selezneva and Claire Carpenter. IMS has seen a year of rapid growth, including the acquisition of compliance consultancy MMS in…
Breaking News: Ex-Morgan Stanley Economist Berner Takes Over US Treasury and OFR Role from Alexander
Following on from the recent departure of Lewis Alexander from the US Treasury, the regulator has appointed former Morgan Stanley chief economist Richard Berner to take over Alexander’s role as advisor on domestic financial matters to Treasury secretary Tim Geithner. A key part of this job is helping the Treasury to establish the new Office…
Data Quality on the Brain
The last thing I expected to hear during a panel on low latency technology deployment at this week’s Business & Technology of Low-Latency Trading (catchily dubbed BTLLT by fellow A-Teamers) conference in London was speakers talking about reference data quality. But that’s what happened. Everywhere I go people are talking about data quality. They might…
Would Google Really Buy Thomson Reuters Markets?
The idea that Google would be interested in – and is indeed seeking to – acquire Thomson Reuters Markets first came to my attention at the London Stock Exchange, oddly enough. I was there for a function, and after a panel discussion about the future of the exchange marketplace, I got chatting with a gentleman…
Only 12% of Buy Side Firms Ready for Data Requirements of Incoming Regulation, According to MoneyMate Survey
The buy side has a long way to go before it is ready for the regulatory onslaught it is facing over the next few years in terms of making its data management preparations, if recent figures from a MoneyMate survey of around 50 investment managers are to be believed. Only 12% of respondents indicated that…
BNY Mellon Appoints Stephen Lackey as Chairman of Asia Pacific
BNY Mellon has appointed Stephen Lackey as chairman of its Asia Pacific region. Lackey succeeds Christopher Sturdy, who has been Asia Pacific chairman since early 2008 and is moving to New York to take on a senior role in the firm’s Global Client Management Group. Lackey joined BNY Mellon in 1981 and has been director…
Fitch Solutions: Risk Managers Still Coming To Terms with Basel III Regulation
According to a delegate voting poll taken at the latest series of Fitch Solutions ‘Managing Credit & Counterparty Risk’ seminars this month, 43% of risk managers remain unsure if the new Basel III regulations will help them manage risk more effectively, whilst 32% believe it will improve effectiveness and, in contrast, 25% believe it will…
Liquidity Risk Regulation: Data Quality Under the Microscope
The UK Financial Services Authority’s (FSA) liquidity risk regime has set a precedent for tackling this particularly thorny area of risk management, ahead of the wider implementation of Basel III globally. Reference Data Review speaks to a number of risk technology vendors about the data quality issues underlying the liquidity risk management challenge in light of…
ISDA Proposes to Use FpML to Link Unique IDs to Standardised Derivatives and a New Central Derivative Product Registry
In line with the recent regulatory driven study into derivatives instrument identification, the International Swaps and Derivatives Association (ISDA) has released proposals to link unique IDs to these instruments and has called for the establishment of a new central derivative product registry infrastructure. The proposals are contained in a recent white paper, which suggests that…