Technology
Mark-it set to sign 12 dealers to Red in next fortnight
UK credit data company Mark-it Partners expects to sign up between 12 and 20 major credit derivatives dealers to use its credit reference entity database, Red, within the next two weeks.
Deutsche Bank to use Isaac Technology credit risk system
Deutsche Bank has signed up to use US-based Fair Isaac Blaze Decision System software to build an enterprise-wide credit decisioning and risk monitoring solution, the company announced this week.
Firstrade Clears Way for Anti-Money Laundering
In a move to wean itself away from dependence on its clearing firm's services, the online broker deploys an in-house AML solution.
WestLB dumps top systems for Summit
The global financial markets group of Düsseldorf-based Westdeutsche Landesbank (WestLB) has selected New York-based transaction processing technology company, Summit Systems, for a major consolidation of its systems environment. The integrated system…
TriOptima completes biggest ever swap tear-up
Swedish financial technology company TriOptima has completed the largest ever swap termination of 11,446 swaps totalling $987 billion.
IIB Bank selects SAS for Basel II credit risk compliance
Ireland-based IIB Bank, a fully owned subsidiary of KBC Bank, has licensed risk management software from North Carolina-based data management software vendor SAS to meet Basel II credit risk compliance.
Enter Big Brother's bigger brother
Unstructured data – such as emails and telephone conversations – is hard for a company to monitor. But Big Brother is getting cleverer.
New study underlines troubled state of op risk tech industry
A new study published by risk consulting firm Raging Torrents International concludes that vendor risk is very high in the operational risk technology area, and notes that the environment for financial institution spending on op risk vendor solutions is…
Operational risk: looking at the bigger picture
In the first of a two-part feature, Mark Holmes suggests that financial firms' operational risk issues would be better understood and handled by taking a leaf out of the op risk concepts and techniques developed in other industries.
Swiss Re and MMC to launch flood assessment tool
Reinsurer Swiss Re and Czech technology company MultiMedia Computer (MMC) have teamed up to develop a flood risk assessment tool for the Czech insurance market.
Sponsor's article > The operational risk pyramid
The extremely heterogeneous character of operational risk often makes discussion of it appear fragmented and unstructured. David Rowe proposes one possible paradigm for organising our thinking on various aspects of this increasingly important topic.
HSBC USA adopts Calypso for equity derivatives
HSBC Bank USA has extended its use of Calypso Technology’s trading and processing platform to include equity derivatives products.
Wall Street Systems appoints Longden
Wall Street Systems, a US provider of treasury and capital markets services, has appointed Chris Longden as regional managing director for Europe, the Middle East and Africa (EMEA). Based in London, Longden will be responsible for managing the sales and…
STP break puts banks at risk
Third-party banks using the continuous-linked settlement (CLS) service may be subject to increasing operational risk as a result of a breakdown in straight-through processing (STP), reports Risk's sister publication FX Week .
Union Planters picks Principia Partners’ treasury risk service
Union Planters, a US regional bank based in Memphis, Tennessee, has selected Principia Partners’ treasury risk service to manage the bank’s derivatives trading.
FSA study shows wide gap in firms' op risk frameworks
LONDON - In late July, the UK's FSA published a study of the practical implementation challenges that financial firms face when putting together an op risk infrastructure.
Wall Street Systems to offer Treasury Engine on Linux
Wall Street Systems, a US provider of treasury and capital markets services, will offer its flagship product, Treasury Engine, on the Linux operating system from September.
Commerzbank selects SunGard’s Credient Analytics
Commerzbank has selected Credient Analytics, the credit analytics service provided by SunGard Trading and Risk Systems, to handle investment banking credit exposure.
ABN Amro to go global with Dealstation
Dutch bank ABN Amro is planning a global debut next year for Dealstation, its white-labelled, foreign exchange trading platform, bank officials told RiskNews ' sister publication Trading Technology Week .
Prebon Yamane goes live with SwapsWire in Tokyo
Brokerage house Prebon Yamane has gone live with SwapsWire in Asia, making it the first brokerage house in Tokyo to use the system since it went live in Japan last month.
CLS to include South Korean won
CLS Bank, which operates the continuous-linked settlement service for foreign exchange, plans to include the South Korean won as a CLS-eligible currency.
Where to look
Introduction
Enter Big Brother’s bigger brother
Data monitoring
The demands of innovation
Credit data