BB&T takes Xcitek's XSP

MANAGEMENT INTELLIGENCE

BB&T's process for dealing with corporate actions notifications and responses was completely manual before the roll-out, says Xcitek managing partner Brendan Farrell, but "the volume of corporate actions is rising, so their exposure is growing exponentially.

"Also, there is a huge risk associated with the capture and tabulation of responses to corporate actions. If you make a mistake and the market moves against you, the cost can be quite substantial," he adds.

Farrell also says automating the

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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