In late September, i-flex solutions – a provider of technology solutions to the global financial services industry – announced the launch of the "i-flex Process Framework for Banking (iPFB)", a repository of processes that draws on best practices that the company says it has developed in working with more than 660 customers in over 120 countries.

The company says that iPFB will help "banks tackle one of their biggest challenges – improving process efficiency while simultaneously managing operational risks, by allowing them to optimise processes using a business process management (BPM) approach".

Bart Narter, senior analyst with the banking group at Celent said "iPFB moves i-flex from a vendor of software to that of system integrator and advisor to the largest of banks". BPM is becoming a growing focus for the operational risk industry as executives seek to use the data from BPM for their modelling, and BPM itself to reduce op risk losses.

IIB survey outlines Basel II implementation

Based on survey results taken from over 40 countries, the latest Institute of International Bankers (IIB) Global survey of regulatory and market developments in banking, securities and insurance details county-specific aspects of Basel II implementation and other regulatory developments.

The survey also includes tables on the approach countries take to market risk capital requirements, consolidated supervision, host country supervision of branches of non-domestic banks, applicability of host country endowment/dotational capital requirements for branches of non-domestic banking organisations and the availability of central bank ‘daylight overdraft’ credit for both domestic and non-domestic banking organisations.

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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