FTEN and TickLab Pitch Solutions for SEC Audit Trail Vision

Paper trail The Securities and Exchange Commission’s (SEC) call for comments on a consolidated audit Trail (CAT) did not deliver a deluge of responses, but two significant letters from FTEN and TickLab argue fervently for a solution based on commercially available technology rather than the SEC’s proposal of bespoke development. They indicate that such development that could take years to build at a cost of US$4 billion and a further annual cost of US$2.1 billion.

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18 Aug 2010
 
Opinion: Bridging the Counterparty Risk Gap

Xavier Bellouard - Quartet FS By Xavier Bellouard, co-founder at Quartet FS

With the European stress testing exercise this summer casting a further spotlight on the industry, financial institutions across Europe are continuing to grapple with risk management. In particular, counterparty risk exposure is under the spotlight after coming to the fore during the demise of Lehman’s. While the majority of banks passed the recent stress tests, few can rest on their laurels as regulators and investors continue to push for transparency and accountability.

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17 Aug 2010
 
Iosco DEA Report Underscores Need for Pre-Trade Risk Controls

The International Organization of Securities Commissions (Iosco) has published its widely anticipated final report on direct electronic access, which offers guidelines to market practitioners on their approach to direct market access, sponsored access and pre-trade risk.

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13 Aug 2010
 
CESR Elaborates on New Counterparty Risk Requirements for UCITS, Data Quality Back in the Spotlight

The Committee of European Securities Regulators (CESR) has added yet another paper detailing new data requirements for UCITS as part of its ongoing mandate to provide more clarity around the requirements of the directive, this time focused on counterparty risk measurement. The “guidelines on risk measurement and the calculation of global exposure and counterparty risk for UCITS” (to give it its full name) incorporates principles that define how this data should be dealt with, including a set of quantitative and qualitative requirements around the calculation of relative and absolute value at risk (VaR).

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10 Aug 2010
 
S&P’s Fahy and Markwith Elaborate on BP Case Study for Monitoring of Risk Exposure via its Cross Referencing Services

The BP oil spill in the Gulf of Mexico has been gathering its fair share of headlines over the last few months but one of the biggest challenges for financial institutions has been in identifying their exposure to the firm and tracking the relevant entity data across its various subsidiaries. Roger Fahy, director, and Ryan Markwith, assistant manager of the Global Data Solutions (GDS) team within the S&P Valuation and Risk Strategies division, explain how S&P has assisted its customers in tracking this data in order to determine their portfolio risk exposure to BP.

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06 Aug 2010
 
DTCC Launches Equity Derivatives Reporting Repository, Gains FSA Approval for UK Subsidiary

Following its announcement last month that it would be establishing a European-based derivatives trade reporting repository (see here), the Depository Trust & Clearing Corporation (DTCC) has indicated that it has gained the approval of the Financial Services Authority (FSA) to establish the required UK subsidiary to launch a repository on European shores. DTCC has also launched its Equity Derivatives Reporting Repository (EDRR) in the US market, which will hold key position data, including product types, notional value, open trade positions, maturity and currency denomination for participants’ transactions, as well as counterparty type. Both moves should strengthen the vendor’s utility pitch for the reference data space, should it choose to go down this route, following its acquisition of Avox last month (see here).

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05 Aug 2010
 
IBM Pitches Financial Markets Framework; Pre-Integrates Hardware, Software for Trading, Risk and More …

With the recent launch of its Financial Markets Framework, IBM is positioning itself as a provider of pre-integrated solutions to trading and investment firms, leveraging its own portfolio of hardware and software offerings, and augmenting them with consulting expertise and partner products. The move follows a direction that the IT giant has already taken in verticals such as banking, insurance, and outside of financial services.

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05 Aug 2010
 

 
 

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A-Team Insight Podcast - August 2010
31 Aug 2010
Video: A-Team's Pete Harris Interviewed at SunGard's New York City Day
03 Aug 2010
Video: Virginie O'Shea Talks to Swift's UK, Ireland and Nordics MD Arun Aggarwal
02 Aug 2010
 
Risk and Regulation IT Special Report: Coping with the Risk Management Challenges of Global Regulatory Change
30 Nov 2009
Liquidity Risk Management Directory
10 Nov 2009
White Paper - Risk Management Drives Cross-Enterprise Data Connections
08 Jul 2009
Special Report: Complex Event Processing
18 Jun 2009
White Paper - Countdown to 2011: Are you ready to break the Giovannini Barrier?
01 Jun 2009
 
A-Team Insight Exchange

A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.

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