TowerGroup
Economic depression is world's top risk, says Towers Watson ranking
The global financial environment continues to show imbalances, and is not in a good position to withstand shocks, says Tim Hodgson
More IT for MiFID
MiFID's success hinges on IT prospects, write Choongo Moonga and Phil Craig . But many in the industry are balking at the costs involved
Basel II praised for ERM framework
The new Basel Accord (Basel II) provides the most comprehensive enterprise-wide risk management (ERM) framework for banks because it provides for operational risk management that goes far beyond compliance, says Virginia Garcia, senior analyst at…
SEC fund reforms may cost investors
Efforts by the US Securities and Exchange Commission (SEC) and legislators to reform mutual fund practices following late trading and market-timing scandals in the US last year may ultimately impair performance and cost investors more in fees and charges.
SEC fund reforms may cost investors
Efforts by the US Securities and Exchange Commission (SEC) and legislators to reform mutual fund practices following late trading and market-timing scandals in the US last year may ultimately impair performance and cost investors more in fees and charges.
SEC fund reforms may cost investors
Efforts by the US Securities and Exchange Commission (SEC) and legislators to reform mutual fund practices following late trading and market-timing scandals in the US last year may ultimately impair performance and cost investors more in fees and charges.
SEC fund reforms may cost investors
Efforts by the US Securities and Exchange Commission (SEC) and legislators to reform mutual fund practices following late trading and market-timing scandals in the US last year may ultimately impair performance and cost investors more in fees and charges.
Op risk expenditure to shoot up, predicts report
Expenditure on operational risk technology systems will rise to $8.2 billion by 2007 from the current level of $5.2 billion, according to research published by Towergroup, the Massachusetts-based technology consultants.
CLS for FX is 'changing the front-office'
The continuous-linked settlement (CLS) service for foreign exchange trades has changed credit and trading practices among the majority of its users, reveals research from IT consultancy TowerGroup published this week.
The Mystery Behind the Numbers
A host of recent compliance regulations in the US and the UK has shined yet another light on the need for clean reference data.
US brokers spending less than expected on Basel II-related IT infrastructure, says TowerGroup
US brokers will only be spending between $6 million and $8 million on IT infrastructure for Basel II compliance, according to research by TowerGroup, a Massachusetts-based financial services research and advisory firm.
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.
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…
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.
Reference Data's Dirty Little Secret
It turns out reference data standards will make it easier for customers to switch data vendors. There are growing whispers about how positively vendors will view that.
Basel II may prompt mortgage market consolidation
The Tower Group, a US-based consultancy, has just published a report that says the Basel II capital Accord may prompt the consolidation of mortgage lenders in both the US and EU markets, and improve pricing in mortgage instruments.
Basel II may prompt mortgage market consolidation
The Tower Group, a US-based consultancy, has just published a report that says the Basel II capital Accord may prompt the consolidation of mortgage lenders in both the US and EU markets, and improve pricing in mortgage instruments.
Offshore outsourcing poses serious risks for brokers
MASSACHUSETTS - A report issued in March by Massachusetts-based consulting firm TowerGroup - Offshore outsourcing onslaught to impact brokerage spending, staffing, and service landscape - examines how growing numbers of US securities firms are opting to…
G30 - Moving in the right direction
The latest G30 report on global clearing and settlement offers more than a few worthwhile suggestions. But Kristina West says there is still much to be done before the industry will wholly embrace the recommendations.
Regulators focusing on clearing and settlement risks, says Tower
Business continuity issues involved in the clearing and settlement process are becoming a focal point for regulators, according to a new report published by US consultancy, Tower Group.
Regulators focusing on clearing and settlement risks, says Tower
Business continuity issues involved in the clearing and settlement process are becoming a focal point for regulators, according to a new report published by US consultancy, Tower Group.