Technology
Job moves
QUOTE OF THE MONTH: - “The FSA has successfully put the fear of God into senior managers” Simon Gleeson, a partner in the regulatory group at Allen & Overy in London, on the FSA’s new unlimited liability rules for risk management errors Source: RiskNews,…
Software survey 2002 |
Some online risk management products failed to live up to expectations last year, but software vendors forge ahead, developing products that support fast-growing markets such as credit derivatives and CDOs, and tools to help banks meet Basel II…
Currenex and XRT unveil joint venture
Currenex, the online global currency exchange, and French-based financial services vendor, XRT, have agreed a deal that will see Currenex integrate its online forex platform with XRT’s collaborative treasury management (CTM) solutions.
Schroders goes the Globus route with Temenos
UK-headquartered Schroders Private Bank, a subsidiary of the Schroder Group, plans to roll out Globus, an integrated financial services application developed by Swiss-based software vendor, Temenos.
Barra launches Risk Factor
Barra, the California-based risk management systems vendor, has launched an equity volatility software programme, Risk Factor. Aimed at retail brokers, Risk Factor is designed to compare the relative volatility and likely performance risk of more than 10…
Deutsche, UBS Warburg back Rolfe & Nolan
Deutsche Bank and UBS Warburg have agreed to fund the development of the first two modules of Rolfe & Nolan's much-awaited Merlin software suite in return for long-term licensing agreements.
Raft posts loss as deal flow fails to materialise
AIM-listed risk management technology supplier, Raft, has made a loss of £826,000 for its financial year, a result said to be well below city expectations. The previous year's results had showed a profit of £171,000.
Swift moves a step closer to STP
Swift, the industry-owned provider of messaging services and interface software to over 7,000 financial institutions, has teamed with Financial Fusion and Global Crossing to provide a FIX hub messaging application to the securities industry. The move…
InvestorForce in hedge fund data clarity drive
Pennsylvania-based technology vendor InvestorForce has launched an online service that lets investors access data and information from the murky world of hedge fund managers.
Aquila chooses Panorama
US energy firm Aquila has selected SunGard’s Panorama system to be its cross-commodity trading and risk management system. Aquila becomes the third of the 10 largest US energy companies to select the Panorama system developed by SunGard, a global risk…
SunGard in deal with Spanish bank association
SunGard Trading and Risk Systems, based in New York, today announced that it has licensed its market and credit risk management system, Panorama, to the Confederacion Española de Cajas de Ahorros (CECA), an association representing Spain’s 47 savings…
A major improvement
In May, David Rowe wrote that the Basel Committee ‘could do better’ with respect to the inclusion of operational risk in the capital Accord. Here, he says the working paper the committee published in late September outlines a major and valuable…
Building for Basel
The 2005 implementation date for the new Basel II Accord – already postponed by a year – is looming large. Whilst the banking sector is steadily gearing up for the proposed changes, there are fears that some institutions may be left behind.
Building for Basel
The 2005 implementation date for the new Basel II Accord – already postponed by a year – is looming large. Whilst the banking sector is steadily gearing up for the proposed changes, there are fears that some institutions may be left behind.
Building for Basel
Basel implementation
Asia’s ASP quandary
ASPs
Preparing for the worst
Systems
A wider view of risk
Enterprise-wide risk