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Blackout prompts industry calls for tougher BCP standards
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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.