Risk Management Systems Insights

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NAVigating reporting in turbulent times

9th July 2020

NAV reporting has long been an important part of any daily, weekly or monthly function. However, the volatility of markets during the past few months has seen firms struggling to keep up with the demands of creating timely and accurate NAV calculations. With the level of uncertainty the world is grappling with, the volatility we saw back in March... read more
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FCA targets climate risk

8th July 2020

An initiative of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the Climate Financial Risk Forum (CFRF) comprises senior representatives from across the financial sector whose combined expertise has been brought to bear on addressing the most urgent existential risk of our time: climate change. In June the... read more
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US equities to experiment with DLT integration in settlements

29th June 2020

Company: bobsguide
The US equities market may see a combined digital ledger technology (DLT) and legacy settlement solution, as accelerated settlements gain importance.   “Moving towards that T+0 model is really around doing so as an industry and doing so with a way that doesn’t force transformational change on everybody on day one,” said... read more
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Emerging risks present opportunities for insurtechs

24th June 2020

Company: bobsguide
Insurtechs are well suited to address emerging risks ignored by traditional insurers, some market participants suggest. According to Sabine VanderLinden, chief executive and managing director at Alchemy, an insurance venture validation firm, disputes over coronavirus business interruption (BI) claims have exposed gaps in insurance policies that... read more
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Debate emerges over cloud concentration risk

18th June 2020

Company: bobsguide
Questions remain over concentration risk amongst cloud providers, following a recent European Securities and Markets Authority (Esma) consultation on cloud outsourcing guidelines. “I think bringing in some of these guidelines will make people understand and think about: ‘I need to make sure that one provider is secure, and if the... read more
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Firms embrace virtual business solutions

16th June 2020

While the lockdown has normalised business via web conferencing tools, financial services are being curtailed as institutions are unable to transfer sensitive customer information along ordinary channels.  “In today’s times, making it easy to engage, collaborate and transact business is more than just firing up a conference.... read more
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BMO MD: CAT should not see further delays

16th June 2020

Company: bobsguide
The consolidated audit trail (CAT) must move forward despite remaining data privacy concerns, says Joe Wald, managing director, BMO Capital Markets. “At a certain point, things have to move forward and we can’t let old technology hold us back as an industry,” says Wald. “I think that it’s a big technological... read more
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Security requirements push customers away from banks

9th June 2020

Company: iProov
Regulations and requirements aimed at making retail banks more secure are driving customers away, according to Aarti Samani, SVP of product and marketing at iProov. A report by IPSOS Mori showed that on average, two-thirds of customers are unsatisfied with their bank in the UK, something that Samani blames on the cumbersome security experience,... read more
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Finastra CSO: Regulators risk inhibiting open banking

2nd June 2020

Company: bobsguide
Regulators are stifling open banking innovation and competition according to Akber Jaffer, chief strategy officer, Finastra. “When financial institutions open up their [application programming interfaces] it enables collaboration, particularly between the new fintechs as well,” he says. “Having governments that don’t... read more