Latest opinions that Richard Chapman has shared on Finextra

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Richard Chapman

Head of Strategy

SunGard

Member since

15 Jul 2010

Location

Singapore

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Richard's opinions

Why is a reconciliation like a shirt? A buyer’s guide by a reluctant shopper

Picture the scene: in a tailor’s shop in Hoi Ann, Vietnam, a reluctant shopper (me) has just been measured for a couple of bespoke suits. I’ve chosen the fabric, decided on the cut and I’m just about to pay for the privilege. Then the tailor throws a curveball. Had I thought, he asks, about shirts to go with my purchases? Despite fierce air condit...

17 September 2015 /regulation Financial Risk Management

Is Complacency the Enemy of Reconciliation Efficiency?

To misquote a well-worn proverb, the road to inefficiency is paved with good intentions. This seems to be the case, at least, for many reconciliation teams, which are failing to follow up on their well-laid plans to optimize and capitalize on opportunities within their reconciliations inventory. Building an inventory of global reconciliation ac

31 October 2013 /regulation

A Window of Opportunity for Reconciliations

They may not be making sales and sealing deals, but reconciliation centers of excellence are delivering an important service like their front-office colleagues do. The biggest difference is that their clients are the organization’s own lines of business. But what these “consumers” expect of the reconciliation service, from delivery times to matchin...

25 September 2013

The best practice checklist for reconciliations

In my previous blog I mentioned the growing external pressures for brokers when it comes to the reconciliation of exchange traded and over-the-counter derivatives. With EMIR requirements coming into effect, and Dodd Frank already impacting the industry, it’s never been so vital for brokers to improve their levels of operational control. Even more...

05 September 2013 Finextra@Sibos

EMIR: All change for derivatives reconciliation?

Much talk has been made about the impact of Dodd-Frank but the European Market Infrastructure Regulation (EMIR) seems to have been the forgotten step child of derivatives regulation. That is all changing. Coming into the fore later on this year, EMIR’s mandates mean that bilateral execution and settlement will soon no longer be an option for over-...

25 July 2013 /regulation

ATM Reconciliations: sounding the alarm for potential risk

Banks are under pressure to deliver growth to ensure long-term survival. But growth initiatives of new services and products are dependent on the application of new operational processes, including reconciliation and exception and dispute management. Here’s the catch-22 – growth represents both an opportunity and a challenge for banks. While innova...

20 June 2013 /regulation Financial Risk Management

Shifting reconciliation up from manual to automated

There’s no denying the hard work that goes into the comprehensive automation, consolidation and streamlining of reconciliation solutions. But once the resulting efficiencies have been obtained by an institution, is the job done? Well, not quite. For banks, efficiency certainly has the potential to be the gift that keeps on giving, helping reduce op...

07 May 2013

Reaping rewards with reconciliation

The operational maturity of a financial institution determines its ability to effectively process the accounting, cash flows, trading and transactional activity that supports its core business with the least associated cost and minimum risk. Today, reconciliation and system validation play a key role in a financial institution’s journey to operati...

16 October 2012 /regulation /sibos

Death By Liquidity

‘Shortage in liquidity will kill you instantly and excess liquidity will kill you over time’ is a well-known industry saying which serves as a very real warning to banks across the globe of the dangers of poor liquidity management. These dangers are highlighted even more starkly by the waves of change that are washing over the banking world, rangin...

08 June 2012 Innovation in Financial Services

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 Financial Risk Management