Data collected by the Eurosystem is here used to analyze the European Correspondent Banking Market.
In this issue of The Journal of Financial Market Infrastructures I would like to draw your attention to an alternative to financial market infrastructures (FMIs): correspondent banking.
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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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.