Citi picked up a £10 billion custody mandate from Nationwide Building Society while RBC and BNY Mellon also registered major wins
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 Collateral management articles
Wide-ranging changes to the the OTC derivatives market are leading insurers to upgrade their collateral management systems, often quite substantially. But the complex requirements and computational power needed is providing a challenge - not just for...
The relaxation of the LCR partially addresses the liquidity concerns of Asian banks over Basel III, but as the region moves towards the central clearing of over-the-counter derivatives concerns over the availability of the right sort of instruments remain...
Repo has played a much smaller role in Asian financial markets than in their European and US peers but the combination of regulatory and market incentives means this is set to change
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.