A-Team Insight Blogs The latest content from across the platform
CECA Extends Use of SunGard’s FastVal Analytics
Confederación Española de Cajas de Ahorros (CECA), the National Association of Spanish Savings Banks, has extended its use of SunGard’s FastVal Analytics, derivatives pricing models used by international financial institutions for derivatives pricing and structuring, risk management, model validation and benchmarking. CECA’s risk department will now use FastVal Analytics to help it efficiently and accurately…
Virginie’s Blog – More Than a Question of Technology
This afternoon I conducted my first ever twitterview (a twitter interview conducted via my handle @virginieateam) with Marcus Cree, director of risk solutions for SunGard’s capital markets and investment banking business (@MarcusCreeRisk), and Michael Versace, director of global risk at analyst firm IDC-Financial Insights (@versace57). Amusingly, given the format, the topic of conversation was the…
FSA Enters Into an Agreement to Sell TRS to the London Stock Exchange
The Financial Services Authority (FSA) has entered into a conditional agreement to sell its Approved Reporting Mechanism (ARM) known as the Transaction Reporting System (TRS) to the London Stock Exchange (LSE) for £15m. The TRS is an ARM established in the UK market for the reporting of transactions in regulated instruments by firms to the…
First Derivatives Launches Hosted Delta Data Factory Service for Reference Data
First Derivatives, a leading provider of software and consulting services to the capital markets industry, this morning announces the launch of Delta Data Factory, a new service within its Delta suite of data, trading and risk applications and services. Delta Data Factory is a hosted data management service that provides targeted reference data processing as…
Co-Lo + Connectivity. Just Add Community for Profit!
For those interested in trends in co-location and connectivity, and the emergence of the community effect fueled by these technologies, you might take a look at this feature that I authored for A-Team’s monthly Insight review. Download the PDF and enjoy!
Fed’s Cease and Desist Order for RBS Highlights the Data Issues Underlying its AML and Risk Management Practices
The issuance of a joint consent cease and desist order by the US Federal Reserve Board and a number of other state regulators last week for Royal Bank of Scotland (RBS) Group’s New York, Illinois and Connecticut branches indicates some of the data issues underlying its risk management and anti-money laundering (AML) compliance functions. The…
Level 3 Goes Last Mile to LSE
A bit more insight into the Level 3/London Stock Exchange news today. After previously relying on others – competitors – to provide last mile connectivity to the LSE’s co-location centre, the connectivity provider now owns that segment. While that means slightly lower latency, the main benefit is related to control and management, so Level 3…
IASB Kicks off Public Consultation About Future Focus of IFRS Work Plan
The International Accounting Standards Board (IASB) has asked the industry to provide feedback about its future priorities, as Europe pauses before implementing fair value standards and the standard body awaits a decision from the US about adoption of International Financial Reporting Standards (IFRS). IASB chairman Hans Hoogervorst stated this week that the consultation comes “at…
Large Trader Reporting and the Data Nightmare
Continuing on my ‘busy summer’ theme and adding to the seemingly constant barrage of new regulatory requirements, the Securities Exchange Commission (SEC) has this week voted unanimously to adopt a new rule establishing large trader reporting requirements (see the release on the SEC’s website here). Of course, the aim of the new rule (as with…
Opinion: Risk Management Nirvana Comes Together in the Form of Real-time
By Dale Stevens, business development director for Capital Markets at SAS UK The case for real-time risk management was made clear in report published by Lepus earlier this week. The report is based on interviews with senior representatives from four global banks and two independent consultants with extensive past experience in the field of risk….