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.
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WASHINGTON, DC – In late October, the American Bankers Association (ABA) announced the creation of a Joint Preparedness Task Force in alliance with the state bankers associations to help financial institutions recover from the series of hurricanes that...
WASHINGTON, DC – American banking regulators have announced various relief initiatives for the recovery of financial service operations in the areas affected by Hurricane Katrina.
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.