The main argument for making regulatory capital requirements more risk-sensitive is to improve allocational efficiency. But this may lead to intensified business cycles if regulators fail to take measures to prevent such an impact.
This article aims to give a brief overview of some of the main trends in the credit derivatives market and also proposes to analyse some of the underlying reasons why this market is experiencing such a boom.
Delays in Basel II have lulled many into complacency. But despite lack of final details for the regulations, David Rowe argues it is not too early to begin planning and initial implementation.
KWI, the London-based energy risk management software company, has hired Oleg Zakharov as vice-president of financial engineering – a newly created position. In his new role, Zakharov will be responsible for KWI’s risk management framework, architecture...
US-based Wall Street Systems has hired Sean McDermott as its country manager for Japan, as part of its on-going expansion into the Asia-Pacific markets.
State Street Corporation is due to announce this week that it has secured a coveted deal with the treasury software unit of Pennsylvania-based technology company SunGard.
Bank Thai - a bank established by the Thai government in 1998 when it consolidated the assets of Union Bank of Bangkok with Krung Thai Thanakit Finance and Securities and 12 other finance companies - has selected FNX’s Sierra Treasury system for its...
Jon Ingersoll is due to be named this year’s financial engineer of the year by the International Association of Financial Engineers (Iafe) within the next few days, according to a number of industry sources. Ingersoll is the Adrian C Israel professor...
Bank of Bahrain & Kuwait (BBK) has signed up to use SunGard Treasury Systems’ Quantum package to manage its back-office treasury operations.
180 risk professionals gathered in London last month to discuss the practical implications of implementing Basel II. National discretion, economic capital models and data collection and consistency were all hot topics at this PRMIA/ISDA-hosted event.
FNX, the Pennsylvania-based risk management provider, has promoted Andrew Vickers to the role of chief technology officer. In this new position, Vickers assumes responsibility for all technical aspects of the software services developed by FNX.
Credient, SunGard Trading and Risk Systems' new credit portfolio analysis and counterparty exposure tracking system, has secured its second client, WestLB. Its first was ING.
Egar Technology, a risk management systems vendor set up to hedge funds, banks and commodity risk managers, has secured $1.5 million in funding from World Bank private sector investment arm, the International Finance Corporation (IFC), and $1 million...
Active development of full credit portfolio modelling continues apace, even though it is not recognised in the proposed Basel II framework.
OneChiacgo Futures Exchange and Nasdaq Liffe Markets (NQLX) have signed up SunGard’s GMI back-office clearing system for trading single-stock futures (SSFs).
Cristobal Conde has been elected chief executive of Pennsylvania-based risk technology company SunGard, adding to his current responsibilities as president.
A treacherous credit environment and growing awareness of the danger of credit and market risk correlation have convinced financial institutions that they need to evaluate these exposures together. To get a unified view, will they need to adopt unified...
A joint finance-technology-government effort to safeguard the market infrastructure has already resulted in a secret command center and preliminary guidelines for industry-wide best practices.
Another chapter charting the rise and fall of multi-bank trading platforms was completed last week, with the closure of technology firm SunGard’s multi-bank foreign exchange portal.
Xcel Energy, the US-based electricity and natural gas company, has selected SunGard Trading and Risk Systems’ Panorama suite for its trading and risk management practices.
Pennsylvania-based technology firm SunGard Trading and Risk Systems has acquired London-based Kronos Software, the real-time risk management and trading solutions provider.
Arab Bank is to use Panorama, from SunGard Trading and Risk Systems, as a global solution for treasury operations.
SunGard Trading and Risk Systems today announced that it has acquired EnFORM Technology, a Houston-based technology-consulting firm that provides custom software applications for companies operating in the energy and telecommunications industries.
Mass financial shocks – including Enron and Argentina – are forcing banks to disclose more information, faster, about their credit exposures to satisfy skittish investors. How are banks' technology infrastructures coping with this challenge?