With bid/offer spreads shrinking, and regulatory costs still growing, some banks believe they have found a new way to bolster their under-pressure trading businesses – an untapped source of value that might add hundreds of millions of dollars a year in sticky, predictable revenue. This goldmine is the risk technology used by the banks’ traders and risk managers, and the plan is to monetise it by making it available to clients.
Goldman started offering its famed cross-asset traded risk system
- Brexit novations ‘on hold’ to gain reg relief
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines
- Sefs, Libor fallbacks and risk governance in Asia
- Banks hope final FRTB rules will ease NMRF burden