Financial Risk Management

This network brings together professionals involved in the oversight and management of their company's financial risks and exposures as well as solution vendors, in order to discuss risk issues including interest rate risk, foreign exchange risk and commodity price risk, among others.

Retired Member 

Margin strategy critical in CCP battle with clearing houses

Bipin Patel: FT letter to the editor 4 Jul 2011 To see the original article on Financial Time's website click here (you may need to be registered to gain full access). Margin strategy critical in CCP battle with clearing houses From Mr Bipin Patel. Sir, Having read the article "Clearing houses' tactics trigger concern" (June 29), it is i...

03 September 2011 /regulation

Gaurav Handa Director Marketing at Oracle Financial Services

Stressful Times for Eurozone

After much discussion and soul-searching – the largest banks in the EU have finally published their stress test results to the European Banking Authority which, in turn, published them to the wider market. When the results were tallied, eight banks failed, and 16 were in the “danger zone” – clearly a mixed bag. It was not, as such, a coincidence t...

15 July 2011 /regulation

Retired Member 

FX eCommerce - Single Dealer Platforms

I recently completed some research on single dealer platforms or FX eCommerce systems, which are designed for market makers and dealers in foreign currency trading. My research covered FX aggregation, pricing, auto-hedging, position-keeping, smart order routing and internalization. Here are a few tidbits from the research: FX single dealer platfor...

14 April 2011 /wholesale

Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted

Thinking outside the cloud

We're hosting a webcast on Finextra right now looking at everyone's favourite tech trend - cloud computing. However, before any IT head worth his iPad case starts dreaming about the processing power, flexibility and resiliency cloud computing can offer - his or her thoughts inevitability turn to security. In the webcast Adeel Saeed, head of Corpor...

25 March 2011 /regulation /wholesale

Retired Member 

OTC clearing: untangling the netting

I mentioned ‘netting sets' in a previous blog on OTC clearing as a key focus of much debate at a recent OTC derivatives conference. To me, there seems to be some confusion around usage of the term within the subject of OTC clearing, and I've heard it used in a number of contexts. We can potentially talk about the netting of ‘positions' as well as ...

07 February 2011 /regulation /wholesale

Retired Member 

Managing margin and collateral

While speaking at the OTC Derivatives and Counterparty Risk conference in London last week, I noticed a number of recurring themes which continued to pop up throughout the day. Most of the conference presentations touched upon the topics of margin and collateral management, netting sets and wrong-way risk. As mentioned in my previous blog (Adding...

31 January 2011 /regulation /wholesale

Retired Member 

Finance IT - figuring out the impact of regulatory change

Rather than scratching their heads (as a bank recently commented to us), IT teams could use regulation as a driver to delivery more accurate information. Especially in Finance IT which, as another bank mentioned, has sometimes been “very close-chested about [changes]…they often do, to my mind, very manual things that could easily be automated”.

12 January 2011

Richard Chapman Head of Strategy at SunGard

BPO: Hiding Operations Under The Bed?

“Go and tidy your room or you won’t get any dessert!” I droop my shoulders and trudge off upstairs to set about the gargantuan task of bedroom tidying. It’s going to be tough. Its one thing to take the mess on the floor and across all available surfaces, but what on earth am I to do with it? For a start, not only will I need to rationalize all of ...

18 November 2010 /regulation

Retired Member 

What if banks were really fined based on income?

Thanks to Ian Wigman for this gem from WIRED magazine. A man in Switzerland was recently fined a record $290,000 for driving 85 mph in a 50 mph limit. (It was less before he pleaded his case!) The reason being in 2002 the Swiss replaced prison sentences for some offenses, with fines based on income. The driver in question has a reputed income o...

20 August 2010 /regulation /sibos

Retired Member 

Client Money Risk and the need for process transparency

The banking and financial service industry is under ever increasing scrutiny from the regulators. Under the microscope are the banking practices and procedures that affect virtually every area of the industry and every role. There is a regulatory expectation, and in many cases, a requirement to create transparency, prove controls and procedures a...

05 August 2010 /regulation /sibos