Risk Management Systems Insights
29th October 2020
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
28th October 2020
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
20th October 2020
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
19th October 2020
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
14th October 2020
Despite growing risks of cyberattacks and the need to switch to remote working, Financial Market Institutions (FMIs) adapted well to the crisis, according to speakers at Sibos.
“FMIs could quickly move to the new mode of working, especially during volatile markets. It all went smoothly,” said Fiona Van Echelpoel, deputy... read more
12th October 2020
What are the main reasons these days for companies to pursue reconciliation automation?
Reconciliation automation fits into the broader concept of business transformation in the realm of finance & accounting. To put it in a perspective, those efforts are aimed at reducing manual operations, tackling complexity, securing greater reporting... read more
12th October 2020
In June this year, the Bank of England published the findings from its Post-Trade Technology Market Practitioner Panel, which brings together post-trade specialists to identify and discuss the key challenges facing firms. The banking industry was still very much in fire-fighting mode with respect to the coronavirus crisis and whilst the paper... read more
8th October 2020
“Data-only transactions already dwarf payment transactions and that will just increase tenfold over the next few years, both at the domestic payment system level and at the cross-border level,” said Paul Stoddart, president, new payment platforms, Mastercard during a Sibos panel yesterday.
According to Stoddart, data-only... read more
6th October 2020
As central banks show increased interest in developing their digital currencies, understanding, and grasping the benefits of implementing Central Bank Digital Currencies (CBDCs) remains at the core of the debate.
Arwen Smit, author and senior adviser at MintBit, believes the decline in the usage of cash is not the only driver for adopting... read more
5th October 2020
The last year acquisition of InstaMed, a healthcare payment solutions specialist, by JP Morgan, has delivered significant benefits to customers of both parties of the deal. It allowed for combining innovative solutions and the vast payment capabilities using the strength and scale of the bank, and healthcare industry experience of the technology... read more