Risk Management Systems Insights
17th March 2021
Private organisations do not have the same degree of transparency as their public counterparts, making it more challenging to access environmental, social and governance (ESG) data, says Dan Grandage, head of ESG, private markets & real estate at Aberdeen Standard Investments.
“Equities markets have been engaged with ESG in the form of... read more
11th March 2021
September 2008 saw the emblematic moment of the Global Financial Crisis (GFC) when Lehman Brothers collapsed. Intraday liquidity was fundamental to this collapse. Correspondent banks were not willing to provide intraday credit lines with Lehman Brothers looking such a bad risk and demanded Lehman’s either prefund accounts or collateralise the... read more
8th March 2021
Even without being acquainted with the craft of accountants, many have picked up stories about the gravity of the financial close. A nerve-racking event which takes place every year-end and originates numerous anecdotes and memes.
What is financial close?
The financial close is a crucial process that rounds off the daily efforts of the... read more
2nd March 2021
These days, there are three main software delivery models on the market: out the box, off-premises, and on-premises.
In the out of the box delivery model, the user buys a disk containing a software distribution kit and installs it. Simple as it may seem, the main disadvantages of the model are: the need for a machine that’s powerful... read more
2nd March 2021
Over the last 12 months we’ve seen one of the biggest shifts in decades in financial technology – with banks accelerating the transition of their operations to the cloud. The benefits are clear: a cloud-based approach provides easy access to innovation, helps banks deliver more relevant customer experiences, and... read more
26th February 2021
UK-based fintechs have largely been shielded from any negative Brexit side-effects by working with larger financial institutions and evolving their business models, according to Nicki Bisgaard, CEO and founder of fintech payments company EedenBull.
There had been fears that Brexit would see the swift decline of London as a prominent fintech hub.... read more
11th February 2021
Understanding and monitoring the Average Aggregate Notional Amount (AANA) calculations as early as possible can provide firms caught by the Uncleared Margin Rules (UMR), with an opportunity to reduce business costs and optimise trading exposure, according to Cassini’s CEO and founder, Liam Huxley.
"Effective AANA management provides... read more
9th February 2021
JPMorgan Chase recently announced it will offer UK consumers “a completely new banking choice” with the launch of its new digital challenger later this year, but consultants are warning that those looking into the market must be clear on the path they are taking.
“I’m really sceptical,” says Mark O’Keefe,... read more
8th February 2021
The sixth anti-money laundering directive (6AMLD) is here. In effect in EU member states since December 3, 2020, financial institutions must implement the directive by June 3, 2021.
While there are fewer big changes than previous directives, 6AMLD brings clarity to specific regulatory details to close loopholes, toughen penalties, and encourage... read more
3rd February 2021
Global inflows into sustainable funds were up 88 percent in Q4 2020 to $152.3bn compared with the same period in 2019, with Europe continuing to dominate the space, accounting for 80 percent of these inflows, while the US took in 13.4 percent, up slightly from 12 percent in the last quarter, according to a recent report by Morningstar.
But while... read more