Insights

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The Eleventh Day of BCBS 239: Stability

18th December 2014

When significant counterparties became distressed at the peak of the credit crisis, it took some institutions over a month to determine their exposure to the failed or failing business. This is in part because a failing counterparty could consist of thousands of distinct business subsidiaries, not all of which were easily linked to the parent... read more
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Big Data analytics in the fight against financial crime

18th December 2014

Company: Fiserv
The fight against fraud and other types of financial crime has become one of the biggest challenges for global financial organisations. Criminals are using ever evolving methods of attack, exploiting multichannel vulnerability and using massive scale to compromise technology systems. Wire fraud incidents alone have, over the past year, led to... read more
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The Tenth Day of BCBS 239: Knowledge

17th December 2014

Knowledge is power. In our last post, we illustrated how BCBS 239 compliance will give G. Sibley better information for risk analysis. The more he knows about who’s naughty or who’s nice, and the more he knows where he’s at risk, the smarter he will be able to operate. Another way that G. Sibley gets ahead of his competition... read more
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Banks should expect tougher stress tests ahead

17th December 2014

Company: bobsguide
After the results of the first stress testing exercise of the UK banking system were revealed yesterday, the Bank of England has warned British banks they should expect tougher testing next year. During news that the Co-operative Bank failed the stress test and Lloyds and Royal Bank of Scotland (RBS) narrowly passed, the regulator said they will... read more
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End of year review: Looking back at some of the biggest financial technology trends of 2014

16th December 2014

Company: bobsguide
There have been various technology trends that have impacted the financial service industry in 2014, including trends that have the potential to be even bigger during 2015. Investment in fintech has grown considerably over the past year and has affected traditional financial institutions in several ways including: creating competition for... read more
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The Ninth Day of BCBS 239: Competitiveness

16th December 2014

Since G. Sibley has addressed the data management Fundamentals – data definitions, governance, architecture, and scope, and has developed new data management Capabilities - quality, timeliness, flexibility, and traceability, it is now time for him to focus on how to leverage these to make his business better.  G. Sibley fancies... read more
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AIFMD: Big challenges and big opportunities for custodians

15th December 2014

Company: AxiomSL
I was asked recently which regulation I think is having the biggest impact on custodian banks in Europe. Many people would point to the European Market Infrastructure Regulation (EMIR) or Basel III and the Capital Requirements Directive IV (CRD IV). There is no doubt that a lot of organisations are finding it complex and costly to comply with these... read more
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The Eighth Day of BCBS 239: Traceability

15th December 2014

Is the critical data you use in risk analysis so transformed that it has become just a shadow of its former self? Where did your data originate? Who touched it and where did it go along the way? When it’s time to make decisions regarding risk, traceability is key, just as when writing thank-you notes at the holidays. A BCBS 239-ready data... read more
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The Seventh Day of BCBS 239: Flexibility

12th December 2014

In baseball, the seventh inning stretch gives the spectators and players a chance to take a brief break and stretch out. So in G. Sibley’s quest for BCBS 239, this seventh day is a great day to explore flexibility. We don’t know today exactly where the next crisis might come from – failure of a counterparty, failure of a... read more
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Managing change: Why is the people element so often ignored in project management?

12th December 2014

Company: Certeco
An organisation’s strategy is first and foremost influenced by the external context and environment. Internally, structure, processes and also culture play a key role in effectively delivering what the business aims to achieve. Of these factors, culture is often the least understood and typically less well managed. Since culture is driven by... read more