BarCap’s Duncan Elaborates on Increased Regulatory Driven Investment in Risk Management

In line with the marked increase in risk related regulation this year, many financial institutions have been compelled to step up their efforts in the space in order to be able to cope with the deluge of new requirements. Speaking at last week’s FS Club in London, Ed Duncan, global head of regulatory liaison and capital management at Barclays Capital, noted that his own firm has increased its risk resources over the last 18 months in order to deal with the challenges, which include pulling together the relevant risk and reference data from across vertical silos and legacy infrastructure.

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07 Jul 2010
 
UK FSA Provides More Details About Gabriel Switch on for Liquidity Reporting

FSA This month’s UK Financial Services Authority (FSA) forum on preparation for liquidity reporting for independent software vendors (ISV) and firms under the new liquidity risk regime focused on the details of the XML submission process and upcoming schedules for Gabriel testing. Last month, the FSA confirmed that rather than accepting spreadsheets for all data as first planned, firms will need to prepare XML submissions for the required data (see our coverage here).

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29 Jun 2010
 
Intraday Liquidity Reporting Functionality Tops the Most Wanted List in Swift Survey

In line with the current trend towards investment in real-time risk technology, 90% of the respondents to Swift’s recent survey on liquidity risk management are keen to receive more intraday liquidity reports. The survey, which is a follow up to a white paper on the subject of liquidity risk published earlier this year (see our coverage here) and involved 255 treasury, liquidity and liquidity risk managers, also indicates that 87% of these respondents want traffic pattern and trend analysis, benchmarks and liquidity risk management insights.

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28 Jun 2010
 
RiskBusiness’ Finlay Discusses MDPS Joint Venture in the Americas and Growth of ERM

Mike Finlay RiskBusiness Enterprise risk advisory firm RiskBusiness International has just signed an agreement with New York-based governance, risk management and compliance advisory firm Madison Davis Professional Services (MDPS) in order to launch a joint venture across the Americas off the back of the recent upsurge in interest in enterprise risk management technology. Mike Finlay, managing director of RiskBusiness International, explains to A-Team Insight that the launch of RiskBusiness Americas is part of a push to extend the firm’s coverage of the region’s markets and increase its market share.

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28 Jun 2010
 
CEBS Issues Amendments to Common Reporting Framework Including New Data Submission Requirements, XBRL on the Cards?

As part of the wider overhaul of the Basel capital framework, the Committee of European Banking Supervisors (CEBS) has this month issued a consultation paper updating the common reporting (COREP) guidelines for capital requirements, which must be submitted to regulators as part of their risk management oversight. It is asking firms to provide feedback on its recommendations around the formats, frequencies and dates of these reports, including the potential of using XBRL formatting for this risk data.

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23 Jun 2010
 
RBC Dexia Survey Indicates That 64% of Italian Asset Managers Planning to Invest in Risk Management

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.

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23 Jun 2010
 
GoldenSource’s New Data Warehouse Solution Has Already Netted Two Asset Management Clients, Says Meriton

Mike Meriton GoldenSource EDM vendor GoldenSource has this week launched its new Data Warehouse solution on the market, pulling together its various data management offerings under the banner of a consolidated repository for a firm’s various data sets. Mike Meriton, CEO of the vendor, explains to A-Team Insight that it has already bagged two asset management clients for the new solution, both of whom have around US$500 billion in assets under management.

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22 Jun 2010
 

 
 

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A-Team Insight Exchange

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