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Financial Markets Operations Response to COVID-19: Best Practices for Working from Home

The COVID-19 pandemic is disrupting all walks of life, and carries with it implications for society beyond even the obvious and immediate health impact. Business is being hit across the board, with many corporations sending staff home in an effort to keep them both safe and working. It’s clear that firms can’t rely on a…

Meeting the Data Challenge of AIFMD

The Alternative Investment Fund Management Directive (AIFMD) came into effect in 2013. Most financial institutions within its scope, particularly hedge funds and firms that service those funds, have since completed the majority of work required to meet their obligations under the regulation, but some thorny data management issues remain. Hedge funds are challenged by the…

Navigating BCBS 239 and the New Stress-Testing Regime

Rigorous stress testing – and emerging regulations like Basel’s BCBS 239 – mean that the risk and finance functions can no longer act in isolation. Regulators are increasingly seeking a true, holistic view of risk. To deliver on the new requirement, banks need to reinvent their infrastructures and operating models, making sure all elements of…

Tracking bonds for Solvency II’s Matching Adjustment

How are you tracking bonds that are eligible for Solvency II’s Matching Adjustment (MA)? With the January 2016 deadline looming, insurance companies and the asset managers that service them need to be able to identify eligible assets in their portfolio. But there’s no single list, rather a set of criteria to be followed, resulting in…

Solvency II How Insurers, Asset Managers and Asset Servicers are Meeting the Data Challenge

The EU’s Solvency II regulation is due to come into effect in January 2016. Aimed at ensuring the insurance industry fully understands the risks associated with its investments, the regulation places great emphasis on access to highly granular valuations and risk information. For most insurers, this is the first time they have been required to…

BCBS 239: An Urgent Call to Overhaul Risk Data Management

BCBS 239 is a wide ranging regulation including 14 principles spanning risk data aggregation and reporting, IT infrastructure, and data governance. Implementation can provide significant business benefits, including an enterprise-wide view of risk, but the task is not without difficulties as banks face data management challenges such as data silos, legacy systems and poor data…

Solving the Operational Risk Management Puzzle

Operational risk management has emerged as a major challenge as a slew of regulations affecting financial institutions across the board – from universal banks to insurance companies and their asset servicers – aims to boost transparency in order to mitigate systemic risk. The emerging regulations are emphasizing data governance and requiring firms to ‘show their…

IFRS & AIFMD – Managing the Pricing and Transparency Paradigm

The International Financial Reporting Standards (IFRS) and the Alternative Investment Fund Managers Directive (AIFMD) present the market with a broad and complex range of obligations. In many cases these are the first set of common obligations that will impact Fund Managers, Hedge Funds, Asset Managers, Fund Administrators & Custodians all at the same time! Going…

Getting Ahead in Fund Pricing

Faced with greater regulatory scrutiny, increasing workloads, more sophisticated client requirements and continued pressure on costs, fund administrators are heavily challenged to improve their operational efficiency across alternative and traditional funds to keep service quality levels high. With fund managers looking again to create new products, fund administrators are in a unique position to act…

Valuing High-Yield Corporate Credit in the New Regulatory Environment

The 2013 regulatory environment is putting increased pressure on valuations for speculative-grade corporate credit, namely high-yield bonds, leveraged loans and collateralized loan obligations (CLOs). Not only is the final price under greater scrutiny, financial firms will now be required to defend their methodologies on harder-to-price securities. With transparency having become the new regulatory buzzword, pricing…