Technology
SuperDerivatives upgrades forex options pricing platform
SuperDerivatives, a London-based foreign exchange pricing company, has upgraded its currency options pricing system.
Abbey National snaps up Op risk solution from Raft
UK bank Abbey National has purchased raft radar, an operational risk management system from London-based software provider Raft International.
Krung Thai Bank taps Reuters for risk system
Krung Thai Bank, Thailand’s largest state bank, has signed an agreement with Reuters, the global information and trading systems company, to provide a real-time trading room risk system and a back-office system to handle its processing and cash…
German mortgage consortium to manage risk with Fermat
German mortgage bank Eurohypo has bought Paris-based Fermat’s risk management suite for regulatory risk, credit risk and asset and liability management.
The headaches of op risk integration
The banking industry, spurred by Basel II, is acquiring systems to cope with the host of disparate issues that fall under the rubric of 'operational risk'. But how do you stitch these piecemeal solutions together?
Egar begins marketing limit server in US
New York-based software developer Egar Technology says it has begun marketing its limit server system in the US. Egar says Egar Limits Server is a real-time, enterprise-wide limit and risk system. Russia’s Alfa Bank currently uses it and Ravi Jain, Egar…
Deutsche Post World Net integrates treasury operations, reduces risk
Deutsche Post World Net, the Bonn-based pan-European logistics provider, has implemented Trema Finance Kit, in a bid to reduce risk and increase operational efficiency. The move is part of an effort to centralise its treasury operations, and the new…
Tower predicts bank IT spending will grow
New research from the Tower Group, a Boston-based consultancy, concludes that despite an intense focus on cost-cutting at banks, IT spending will grow modestly over the next three years. While many believe the banking sector's malaise will continue to…
SunGard to help Irish companies comply with Basel II
SunGard Trading and Risk Systems, an operating group of US technology company SunGard, has teamed up with Dublin–based software services consulting company Client Solutions to help banks and non-financial institutions across Ireland meet regulatory and…
SunGard to help Irish companies comply with Basel II
SunGard Trading and Risk Systems, an operating group of US technology company SunGard, has teamed up with Dublin–based software services consulting company Client Solutions to help banks and non-financial institutions across Ireland meet regulatory and…
Crackdown on risk budgets: Trader sign-off on revaluing data must end, says industry body
NEW YORK - The Professional Risk Managers' International Association (Prmia) is considering issuing guidelines recommending banks separate their risk management budgets from FX and other business lines.
Celent, TowerGroup: Deep IT Cuts Proving Harmful
BOSTON - Market research firms Celent Communications and TowerGroup predict that IT spending by securities firms will decrease this year, but say user firms have slashed IT staff nearly to the point that they are harming themselves.
Kiodex adds more energy forwards curves
Kiodex, a New York-based energy risk management technology company, told delegates at an EPRM congress in Houston yesterday that it will add five new forward curves to its global market data offering.
Corporate Actions: Anxiety and Curiosity Around DTCC's New Hub
The DTCC's initiative to stake a greater claim to the corporate action space presents stiff competition or new opportunity, depending on the perspective.
Sponsor's article > Is 8% for all seasons?
Considering the potential pro-cyclical impact of Basel II and the limited effectiveness of countervailing influences, David Rowe concludes that making the 8% ratio of capital-to-risk-adjusted-assets a discretionary policy variable should be part of the…
The consulting conundrum
Gone are the Y2K days, when consultancies could exploit their strong positions and bill their clients big money for questionable services. The roles have been reversed for financial services firms, and consultancies are having to back up their ‘smoke and…
Exceptional Rates of Failure
With industry exception rates so high that the word exception is hardly appropriate, some firms are taking drastic steps. Among them: demanding that partners meet minimum standards to continue getting business.
Framework developed for German banks
BONN, GERMANY - Many of Germany's banks have been somewhat slow to prepare their operational risk management framework for the new international bank capital accord, Basel II, and the prospective European Union (EU) Capital Adequacy Directive (Cad).
Reuters teams with Barra to offer buy-side risk analytics
Reuters, the UK information company, has teamed up with Berkeley, California-based risk management technology vendor, Barra, to integrate Reuters’ buy-side market data with Barra’s risk analytics products for the investment community.
Danske Bank selects Algo Collateral
Denmark’s Danske Bank has implemented Algo Collateral from Toronto-based risk management software provider, Algorithmics, to support the expansion of its margining activities and collateralised counterparties.
Summit to offer multi-asset exotics pricing
New York-based trading technology provider Summit Systems, a unit of the UK’s Misys, has developed a multi-asset derivatives pricing capability due for roll-out with version 3.5 of its flagship front-end trading system within the next two to three months.
Fra-Cross to use SwapsWire for electronic confirmation
Fra-Cross, the matching service developed by inter-dealer broker Icap for crossing forward rate agreements (FRAs) used to manage reset risk, is to use SwapsWire to confirm electronically matched trades.
RBS selects Algo credit to manage global wholesale credit limits
Royal Bank of Scotland (RBS) has selected Algo Credit to manage its global limits and exposures management from Algorithmics, the Toronto-based provider of risk management software.
SunGard upgrades Monis Convertibles with new credit hedging tools
SunGard Trading and Risk Systems, an operating unit of SunGard, has added a credit hedging module to version 5.0 of Monis' Convertibles XL 5.0, the latest version of its spreadsheet-based pricing, analysis and hedging software for convertible bonds and…