Editor's letter
We devote some space this month to the technology companies that make the everyday operations of structurers and distributors possible. See our technology guide starting on page 32
Last month, the University of Reading in the UK, in conjunction with NASD, the world's largest private sector regulator for securities firms and brokers, announced that it is to launch the world's first masters degree in capital markets regulation and compliance. The move is about time, considering how complex the regulatory world appears to be these days.
In fact, there could well be a degree solely dedicated to structured products regulation. In this issue, we report how the French regulator, Autorite des Marches Financiers, has requested that all product providers provide additional information pertaining to a product's risk levels in its advertising literature. In our cover story, we also examine how the European Union's Savings Tax Directive is worrying a few high-net-worth investors with its rules limiting privacy. Structured product manufacturers, meanwhile, have noticed an opportunity here and believe their investment offerings may provide those investors with a much needed lifeline.
And talking of lifelines, where would any structured products professional be without technology? We devote some space this month to the technology companies that make the everyday operations of structurers and distributors possible. See our technology guide starting on page 32.
A move towards greater consolidation among technology vendors and the demand for broad-based software solutions is encouraging global investment banks, smaller regional banks and some distributors to turn to external vendors for their trade processing, risk management and price valuation needs. Given that virtually every bank talks up the success of their structured products business in quarterly results these days, risk technology companies are unsurprisingly devoting more resources to developing solutions for the market.
Masters degrees in computer programming have existed for as long as I can remember, but I imagine it's only a matter of time until masters in risk technology programming become available as well.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Regulation
FRTB start dates must align globally, says European Commission
Lawmaker could trigger delay to market risk rules in Europe if US implementation drags on
Fed green lights more capital relief trades
Five US banks authorised to issue repeat credit-linked notes backed by financial guarantees
Basel III endgame: why moving fast might prove better for banks
Republicans are pushing for reproposal, but a rapid finalisation may prove less far-reaching
Isda pushes to ‘decouple’ Simm calibration from model changes
Emir 3.0 prompts effort to separate risk-weight revisions from methodology updates
Basel war on window-dressing may smooth liquidity, at a price
Changes to G-Sib charge could curb year-end repo volatility, but also cut balance sheet capacity
One year on, regulators still want a cure for bank runs
Broad support for higher outflow assumptions on uninsured deposits, but that won’t save insolvent banks
Watchlist and adverse media monitoring solutions 2024: market update and vendor landscape
This Chartis report updates Watchlist monitoring solutions 2022 and focuses on solutions for sanctions (name and transaction) screening and monitoring adverse media and its related elements
Basel Committee reviewing design of liquidity ratios
Focus on LCR and NSFR after Silicon Valley Bank and Credit Suisse, but assumptions may not change
Most read
- Too soon to say good riddance to banks’ public enemy number one
- FRTB start dates must align globally, says European Commission
- Breaking out of the cells: banks’ long goodbye to spreadsheets