Derivatives scrutiny increases as global standardisation progresses
Derivatives operations are coming to the fore as regulators seek to standardise trading processes worldwide, and many Asian organisations are increasingly committing to moving from manual to electronic systems. By Jeffrey Kan and Keith Noyes
Derivatives operations have evolved during the past decade from a mere ‘back office’ function to being recognised as a vitally important part of a financial institution’s risk management process. Operations traditionally include trade validation, confirmation matching, settlement and implementation of collateral arrangements under credit support annexes (CSAs), and could historically be considered
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