In the aftermath of the financial crisis, the period from 2009 through 2010 saw liquidity risk rise from relative obscurity to a position of prominence on regulatory agendas worldwide. One year on, liquidity risk management remains high on the agenda for institutions across the global financial services industry.
The Italian asset management community is well apprised of the risk management challenges it faces as a result of the incoming Bank of Italy rules relating to these firms’ governance structures, but it still has a long way to go before it is ready, according to a recent survey conducted by custodian bank RBC Dexia. The reforms, which come into effect at the end of this month, will require investment management arms of large groups to have independent control of their resources (including their risk management technology systems) and to conduct independent valuations of group financial products. When polled between March and April 2010, only a quarter (26%) of the 41 respondents said they were fully prepared to meet the new rules.
The Bank for International Settlements’ (BIS) recently published systemic risk paper includes an exploration of the possibility of developing a new systemic risk indicator constructed from real-time financial market data. The aim of the endeavour would be to improve the regulatory community’s ability to measure and stress test systemic risk, thus providing an early warning signal before a market crisis strikes.
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
Bloomberg swept the board in A-Team Group’s Performance Benchmarking survey of North American valuations services for the buy side. The report – sponsored by SIX Telekurs and Standard & Poor’s and available for free download below – surveyed buy-side managers on key trends, budgets and experiences with vendor services.
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