IOSCO Elaborates on Data Template for Hedge Funds Risk Monitoring Purposes

Last month, the International Organisation of Securities Commissions’ (IOSCO) Technical Committee published the details of the new agreed template for the global collection of hedge fund data in order to better manage systemic risk. These new data requirements are aimed at bringing a new level of transparency to the traditionally opaque sector but will, in effect, mean that these funds will be forced to invest in data systems similar to their more conservative buy side counterparts.

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17 Mar 2010
 
BCBS’ Corporate Governance Paper Highlights Need for a "Sufficiently Robust" IT Infrastructure for Risk Management

Basel Committee tower In keeping with the recent onslaught of regulatory papers aimed at fostering a more risk aware financial services industry, the Basel Committee on Banking Supervision (BCBS) has published yet another consultative paper this week, this time focused on corporate governance. The paper includes 14 principles aimed at sparking investment by firms into their risk infrastructures and a more responsible attitude to risk management, a key part of which is having access to the right data at the right time.

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17 Mar 2010
 
UK FSA’s Sants Says Regulator will be Proactive in Tackling Financial Services’ High Risk Culture

Hector Sants FSA He may be on his way out the door, but UK Financial Services Authority (FSA) chief exec Hector Sants seems determined to deliver a few parting shots to ensure that financial services firms tackle their risk management failures. In order to boost its success in this endeavour, the regulator will be hiring another 460 staff members and will be looking for those with industry experience of dealing with internal risk management systems within the financial institutions it wants to police.

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16 Mar 2010
 
CEBS Produces Advisory Paper on Liquidity Cost Benefit Allocation to Support New Risk Requirements

In order to assist the European financial services community in its attempts to improve liquidity risk management, the Committee of European Banking Supervisors (CEBS) has published a new consultation paper on how to go about producing an effective allocation mechanism for liquidity costs, benefits and risks, CP36. The recommendations are aimed at providing firms with a framework upon which to build internal pricing mechanisms to price liquidity risk and to align liquidity risk management culture across their organisation via suitable incentives, which are likely to include significant data gathering and technology requirements.

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15 Mar 2010
 
Calypso’s Wong Talks up Focus on Wider Buy Side Community and 2009 Performance

Dave Wong Calypso Calypso Technology will be focusing on reaching the more traditional end of the buy side spectrum this year, as these firms continue to invest in alternative instruments and seek out a suitable risk management solution provider, explains Dave Wong, senior market specialist at the vendor. Pension funds and the institutional investment community are dabbling more and more in alternatives and they are hard pressed to deal with the risk management challenges and thus need a provider that can cope with the complexity of these instruments, he claims.

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15 Mar 2010
 
DST Global Solutions’ Harries Discusses His New Risk Management and OTC Derivatives Focused Role

Geoff Harries DST Following the appointment of Geoff Harries as the new global head of asset servicing for its Investment Management Solutions (IMS) business earlier this month (see here), DST Global Solutions is hoping that the ex-Fiserv exec will bring his experience to bear on his new OTC derivatives and risk management focused role. Harries speaks to A-Team Insight 20 days into his new role, which involves responsibility for the vendor’s product strategy for its investment accounting platform HiPortfolio and its OTC Lifecycle Manager solution.

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12 Mar 2010
 
UK FSA Publishes Risk Outlook, Warns that Risk Technology Investment is Needed

The UK Financial Services Authority (FSA) has this week published its Financial Risk Outlook (FRO), which outlines the main risks and issues present in its operating environment, affecting firms, markets and consumers. The document sets out the regulator’s expectations for the industry in the post-crisis environment and directly calls for an investment in risk technology in particular.

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11 Mar 2010
 

 
 

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Podcast: The Data Management Lowdown from TSAM 2010
10 Mar 2010
Video: A-Team Interviews John Jessop About his Book
16 Feb 2010
A-Team Insight Podcast - February 2010
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Risk and Regulation IT Special Report: Coping with the Risk Management Challenges of Global Regulatory Change
30 Nov 2009
Liquidity Risk Management Directory
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White Paper - Risk Management Drives Cross-Enterprise Data Connections
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Special Report: Complex Event Processing
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White Paper - Countdown to 2011: Are you ready to break the Giovannini Barrier?
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