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Foreign exchange

Actions speak louder

Financial consultancy firm CityIQ, commissioned by Swift and SmartStream, canvassed over 240 firms about their activities in the corporate actions arena. The May 2003 survey showed widespread automation potential.

Basel II: Time to prepare

Following the publication of the third and final consultation paper, Japan's banks are focusing more seriously on Basel II. With the new requirements set to take effect from 2006, most banks face a critical year ahead.

Reputation in automation

The introduction of ISO 15022 brings a glimmer of hope to those wrong-footed by nonautomated corporate actions. Pamela Brewster, senior analyst at Celent Communications looks at limiting errors and containing costs.

MSCI and Lyxor launch tradable hedge fund index

Morgan Stanley Capital International (MSCI), a provider of indexes for financial institutions, has teamed up with Lyxor Asset Management (Lyxor), a subsidiary of Société Générale specialising in structured funds and alternative investments activities, to…

AIG forex under merger threat

AIG Trading’s foreign exchange group faces an uncertain future, as parent company Connecticut-based American Insurance Group (AIG) prepares to merge its AIG Trading and AIG Financial Products subsidiaries, sources close to the firm told RiskNews ’ sister…

A new dawn

Now that the financial community has finally become comfortable with derivatives, the next challenge is to trade these instruments using STP methods. STPforum reports

A new focus on old risks

Operational risk can wreak havoc on financial institutions’ businesses, yet measurement of operational risk is not nearly as developed as that of credit or market risk. Legislation is forcing firms to face up to the problem and STP may help them on their…

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