The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Briefs

HDFC Bank Gears Up for Transition to Risk-Free Rates with Bloomberg’s Multi-Asset Risk System

India’s HDFC Bank has adopted Bloomberg’s Multi-Asset Risk System (MARS) as part of its preparations for the transition to risk-free rates (RFRs). HDFC Bank will integrate the Bloomberg MARS Front Office and MARS Valuations solutions to calculate interest using the new ‘One Day effective rate’ and pass on entries into its core banking system, enabling transition to the new RFR regime as the December 2021 deadline for the discontinuation of LIBOR approaches. The implementation will allow HDFC Bank to address operational challenges with tools that are adapted to the new alternative rates, taking into account local jurisdictions, overnight rates, and a combination of holiday calendars and new conventions of lookback and observation shifts.

Related content

WEBINAR

Recorded Webinar: An update on data standards and global identifiers

The importance of data standards and global identifiers continues to be emphasised by both capital markets participants and their regulators. But how much progress is actually being made in developing and implementing standards that will improve data quality for better business decisions, provide regulators with a clearer view of systemic risk, and ensure more stable...

BLOG

Glue42 and Deephaven Collaborate to Deliver Pre-Trade Risk Management at Top 10 Hedge Fund

Desktop integration specialist Glue42 has partnered with Deephaven Data Labs, a next-generation data platform, to build a unified portfolio management platform for a top 10 global hedge fund, delivering a pre-trade risk and regulatory compliance module as an initial use case. The hedge fund had four specific goals in mind, says Reena Raichura, Head of...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...