Regulators have pushed hard to ensure buy-side firms are able to access central counterparties since the crisis began. But despite the launch of several new services, very few buy-side participants are actually using them. By Mark Pengelly
JP Morgan Chase is launching a new risk management service, MorganRisk, to enable buy-side clients to gauge market risk in their own investment portfolios using the same proprietary methodologies used by the US bank.
The findings of a recent survey show that buy-side firms have increased their focus on risk management, but are still well behind their sell-side counterparts.
NEW YORK - Buy-side firms' ability to effectively manage operational risk is attracting more scrutiny from sell-side colleagues, according to a panel held on March 26 at Risk Waters Group's OpRisk 2003 USA conference in New York.
NEW YORK - Credit rating agencies, including Standard & Poor's (S&P), Moody’s Investor Services and Fitch Ratings, are now more frequently assessing buy-side technology in terms of supporting operations and, in some instances, sources of operational risk.
Buy-side firms now recognise the strategic benefits and operational efficiencies that technology can bring. And, despite adverse market conditions, Fritz McCormick of Celent Communications believes IT investment is set for continued growth, especially…
The International Association of Financial Engineers (IAFE) yesterday released a white paper on operational risk for buy-side institutions, which concludes that business reputation rather than Basel-inspired regulation is the real driver for implementing…
New York-based operational risk quantification firm OpVantage - a division of Fitch Risk Management - has launched version 4.2 of its OpVar operational risk product suite. The suite allows users to collect op risk data, analyze loss probabilities, scale…
The Netherlands-based ING Group has selected SunGard Trading and Risk Systems' Credient application to support its credit portfolio management business.
Buy- and sell-side survey respondents say batch processing and poor reference data are hindering real-time, firm-wide risk assessments.