Insights

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Banks embrace external tech to replace in-house systems

21st February 2020

Company: bobsguide
Banks will seek external software solutions as in-house tech debts increase, according to vendors trying to reduce tech spend. According to Robert Cooke, chief technology officer and founder of 3Forge, there will be an increase in tech companies creating “holistic” platforms providing full front-end integration. 3Forge consolidates... read more
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Report: The Libor system detour

20th February 2020

Company: bobsguide
Banks are creating detours in their core systems to be able to calculate the Secured Overnight Financing Rate (Sofr) rather than trying to replace the entire system before the end of 2021. However, these complementary systems can come with additional risks, say bankers. There is also uncertainty around the level of time required to implement,... read more
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Does the high financial exposure in the US represent a risk for the euro area?

20th February 2020

Company: Prometeia
The euro area holds US assets worth approximately €7,000bn (60 percent of GDP) - with almost half portfolio investments (Chart 1). At the end of 2006, that is, before the financial crisis in 2008, European investments in the US totalled €2,600bn, less than 30 percent of GDP. Europe’s current asset position combined with the higher... read more
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Incumbent banks’ money management apps face rocky future

17th February 2020

Company: bobsguide
Large banks are struggling to develop money management apps to rival challengers, according to Mark O’Keefe, Payments Systems Regulator (PSR) panel member and founding director at Optima Consultancy. “There's a lot of talk, and I think this is probably a theme that you see from the incumbent banks is that they often talk a good... read more
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Data quality issues rising in delegated Emir reporting

14th February 2020

Company: bobsguide
Non-financial counterparties (NFC-) are looking to keep European Market Infrastructure Regulation (Emir) reporting in-house ahead of the delegated reporting deadline in June, according to consultants and a technology vendor. Emir Refit reduced the burden of dual-sided reporting for non-financial counterparties which come under clearing... read more
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Information for Sonia transition thin on the ground

14th February 2020

Though there is no doubt that the London Interbank Offered Rate (Libor) is expected to cease by the end of 2021, many in the industry are still trying to get their heads around some of the calculations for the alternative - the Sterling Overnight Index Average (Sonia). Since 2017, the UK’s Financial Conduct Authority have spoken about the... read more
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Small banks face increasing intraday liquidity pressure

12th February 2020

Company: Planixs
Pressure is mounting on smaller financial institutions not only to monitor, but to actively examine and control intraday liquidity in real-time. Since the financial crisis, intraday liquidity management has become a focus for regulators. In April 2013, the Basel Committee on Banking supervision published guidelines on monitoring tools for... read more
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Banks seek software efficiency solutions to minimise tech spend

12th February 2020

Company: bobsguide
Fintechs that measure software efficiency may threaten tech jobs at large banks as management grapples with the shortcomings of legacy software, according to Jason Maude, chief technology advocate at Starling Bank. “I think junior engineers will be very worried and probably rightly so because they will now not only have to deliver the... read more
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Buyers brief: asset managers must innovate to avoid shakeout

11th February 2020

Company: bobsguide
For more than a decade, the asset management industry has witnessed large-scale consolidation driven by increased margin pressures, as investors continue to shift their savings away from active funds in favour of cheaper passive investment strategies. This exodus from active funds shows little sign of slowing however, with US passive funds... read more