Abbasi takes over from Kai Nargolwala.
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Asia-pacific articles
The most recent draft of the Basel III proposals has been watered down by politics, according to an Asian risk officer.
Index provider FTSE and news group CNBC have partnered in a venture to bring a blue-chip regional benchmark index that includes Japan to the Asia-Pacific market
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.