Vista Equity Partners’ reported £1.2 billion bid for Misys – coming in the midst of discussions with arch-rival Temenos about an acquisition – raises the tantalizing question of what would emerge should the former take over the latter. 
I’ve been spending a lot of time recently looking at how the concept of big data might be applied to capital markets. Part of this work will end up in a white paper I’m currently writing, but a lot of it was in preparation for our Data Management for Risk, Analytics & Valuations conference that took place in London on 17 October. And it seems that some savvy practitioners already have a handle on how big data could help them manage the huge amounts of both structured and unstructured data they expect to be required to deal with in the very near future.
The UK Financial Services Authority (FSA) has fined Credit Suisse’s UK operations £5.95 million for failing to maintain accurate records for its structured capital at risk products (SCARPs) and risk related systems and controls failures. According to the regulator, the private bank had inadequate systems and controls in place in order to assess its customers’ risk appetite and therefore did not accurately judge their suitability for investment in SCARPs, which are complex financial products that provide income to customers but also expose them to the risk that they may lose all or part of their initial capital.
IBM’s announcement this week of plans to acquire Platform Computing vindicates our decision to include some Big Data discussion topics in our Data Management for Risk, Analytics & Valuations conference in London on October 17 – that’s next week.
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.
By Stuart Grant, Business Development Manager, Financial Services, Sybase, an SAP Company
It was a compelling yet simple question: “Why haven’t we solved risk management problems?” Years after the financial collapse of 2008 — which was years after the warning signs began appearing — risk managers and executives still cannot see eye-to-eye on risk management architecture.
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