Technology
The problem with power-reverse duals
Cover story
Corporate Actions and the Need for Standards
The industry needs standards to automate corporate actions and meet the Group of Thirty's recommendations. By Gary Write, director, CityCompass.
Sponsor's article > Implementation pulls in the punters
The UK's Financial Services Authority (FSA) was planning an intimate get-together at London's Café Royal to discuss Basel implementation. But massive interest meant a change of venue to accommodate the 500 people who eventually came.
Risk transparency without position transparency
When high-profile blow-ups hit the headlines, calls for greater transparency come to the fore. By Peter Davies, vice-chairman, RiskMetrics Group
FNX adds real-time portfolio risk monitoring
Risk technology company FNX has added a real-time ‘treasury blotter’ to measure portfolio risk to its Sierra risk system.
Signs are good for IAS 39 final preparations
IAS 39 is still being finalised, but bank asset and liability managers are already putting in place systems and procedures to make sure their businesses come up to scratch. John Ferry reports
The dilemmas of risk disclosure
Barry Schachter discovers that the path towards a workable structure for hedge fund quantitative risk disclosure is very narrow. Bad news for the post-LTCM lobbyists
Xenomorph adds pricing models to TimeScape
London-based Xenomorph has integrated pricing models for more than 150 asset classes into TimeScape, its four-month-old enterprise data management and analysis suite.
Mark-it signs up 16 credit derivatives houses
UK credit data company Mark-it Partners said today that it has signed up 16 of the largest credit derivatives houses to use its credit reference entity database, Red.
Isda and Fix join forces
The International Swaps and Derivatives Association and messaging service provider Fix Protocol have formed a joint working group to share information on the development of their respective FpML and Fix messaging standards.
Measuring operational risk: a reality check
In the second of two articles on operational risk, Mark Holmes looks at the measurement issues involved, taking a constructively critical look at the ideas currently in vogue.
Nissan Motor takes Reuters risk system
Japanese car manufacturer Nissan Motor has bought Reuters’ Kondor trade-processing risk and trade management product, Kondor+.
Kyte Group snaps up Ubitrade derivatives system
The Kyte Group, a London-based financial services group, has bought a futures and options back-office system from Ubitrade, a French trading and risk management software company.
Sponsor's article > Basel backlash: the summer of discontent
Regulators in the United States have been voicing their concerns about Basel II for some time. But now banks elsewhere are also opposing some of the proposals.
Sponsor's article > Reason for hope
One disappointing aspect of the Basel II deliberations has been the lack of any proposed change in the treatment of counterparty credit exposures. David Rowe argues that recent dialogue between the Basel Committee and industry representatives offers hope…
Moody’s KMV upgrades portfolio management tool
San Francisco-based quantitative credit analytics firm, Moody’s KMV, a subsidiary of Moody's Corporation, has updated its portfolio manager tool. The upgrade will give portfolio and risk managers at banks, insurance companies and asset management firms…
Data vendors hold key to Measurisk survival
Measurisk, a US-based risk technology provider to buy-side community, is scrambling to secure cheaper new contracts from its data vendors in a last-ditch effort to remain a viable business concern. If it can’t convince these vendors to lower their prices…
PNC selects SunGard asset/liability tool
Pennsylvania-based PNC Financial Services Group (PNC) is set to implement SunGard Trading and Risk Management's BancWare Convergence product for asset/liability and balance-sheet management.
IBM rolls out SuperDerivatives for currency options
IBM has signed a multi-licence contract with London-based foreign exchange pricing company SuperDerivatives. The company will roll out the SuperDerivatives pricing system for currency options to the IT company's treasury team based in Armonk, New York.