Risk Management Systems Insights

It’s been a tough year for financial market participants in the UK, with the pandemic causing turbulence and uncertainty around Brexit undermining future strategy-building. Next year looks set to be almost as chaotic, as the country looks to rewrite its rulebook while maintaining its stake as a global financial powerhouse. For fintechs, it... read more

With the global pandemic came a global need to reorganise, replan and rethink spending for businesses across industries, as the impact of lockdowns and changing consumer behaviour was felt. While IT costs are just one element of business budgets, technology now underpins the effective function of almost every organisation. At the same time,... read more

The Office of the Comptroller of the Currency’s (OCC) newly issued true lender rule for bank-nonbank lending relationships faces potential Congressional Review pending tomorrow’s US election results. “This [true lender] rule coming out now and going into full effect between the election and the inauguration is something that... read more

The latest Consolidated Audit Trail (CAT) reporting obligations went live on October 26. However, there’s no time to rest for firms, who are now tasked with preparing for the next set of requirements in January 2021. Having moderated a CAT webinar with leading industry experts from FINRA CAT, Morgan Stanley, RegEdge, and Cboe Global Markets... read more

The European Securities and Markets Authority’s (Esma) new stress tests expose a lack of preparation among asset managers, highlighting the importance of regtech providers in risk assessments. “The industry has been relying heavily on independent regtech providers who offer solutions as well as expertise to perform gap-analysis,... read more

At a time when the costs of doing business are skyrocketing, is it sustainable for banks to persevere with the current approach to trade settlement failure? While there will always be trades that fail, the tolerance levels of banking boardroom execs must be at breaking point right now if the latest Esma Trends Risks and Vulnerabilities (TVR)... read more

Even though investment firms have very different primary business models and risk profiles as opposed to lending institutions, to date, for regulatory purposes many have been considered credit institutions and accordingly report under the Basel-driven capital requirements regulation (CRR). The CRR approach is too broad to effectively account for... read more

Whilst a supporter of true artificial intelligence (AI) within investment management, I do have a problem with some of the references to artificial intelligence that I hear. I believe that most of us in the investment management world still do not truly understand artificial intelligence. What we often refer to as AI (and read about in the... read more

With the Securities Financing Transactions Regulation (SFTR) for the buyside now live, reconciliation issues linger from July’s implementation date. “People have been getting generally very good matching rates on the primary matching for SFTR, but there’s lots of work to move on in terms of actually reconciling all the other... read more