Risk Management Systems Insights

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Transforming transaction data management: 3 considerations for financial institutions as global trade reporting requirements intensify

17th April 2019

Trying to collate everything manually, when detail exists in different formats across numerous data silos, is no longer sustainable. In any case, many firms lack the budgets to keep investing in new IT projects each time demands change or a new standard is issued. There must be a more sustainable way forward. Indeed, the research suggested that... read more
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Dependable delivery, without the digital drama

17th April 2019

Company: Micro Focus
In an era of digital transformation - not to mention a lot of economic and regulatory change - things are moving quickly. For many financial services organizations this means unprecedented pressure to  innovate to remain relevant and competitive. And the results are starting to show: in early 2019, Spanish multinational BBVA confirmed it... read more
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Bank resolution frameworks risk being “for the last war instead of the one that’s coming”

16th April 2019

Company: bobsguide
Bank resolution frameworks are so focused on past lessons they are failing to prepare for potential future events, according to the acting head of department of financial stability and consumer protection at the Swedish National debt office. “To compare it to the military, there is always a risk that you are planning for the last war... read more
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SocGen’s move away from commodities follows industry trend

12th April 2019

Company: bobsguide
Societe Generale’s (SocGen) closure of its commodities business is confirmation of a downward trend between large banks and the commodities market, say industry analysts and market participants.   “The share prices told you that SocGen were one of the worst performers over the past couple of years – earnings and profits... read more
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Wealth management gains from AI developments

11th April 2019

Company: Profile Software
Artificial intelligence is set to transform businesses in ways we’ve not seen since the industrial revolution. The digital era is evolving in the wealth management sector, leading to a dynamic increase of AI and robo-advisory tools. 25% of 600 banking professionals, surveyed by MoneyLIVE and presented at FStech, said they... read more
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Singapore aims to address cybersecurity concerns

3rd April 2019

Company: bobsguide
Singapore’s attempt to strengthen its cybersecurity regulation is being supported by market participants through responses to a recent consultation paper, according to an internet security association, but lawyers point out that such a discussion is only necessary as many firms continue to rely on lagging in-house cybersecurity... read more
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Prohibitions in the Islamic financial system

3rd April 2019

Company: Path Solutions
In general, the Islamic Sharia has constantly sought to achieve fairness, trust and transparency in all financial and business transactions while emphasizing socio-economic development and financial inclusion. In this short piece, I will attempt to outline the main features of Islamic finance and Sharia-approved investments, as well as the... read more
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Beware the Ides of March: The drama of FX swaps reporting

26th March 2019

This week I have been dusting off last September’s Q&A release from the European Securities and Markets Authority (Esma) regarding the reporting of FX swaps to ensure we have successfully planned for the changes. That Q&A included reference data and transaction reporting scenarios where an FX swap is reported as a single... read more
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GhIPSS CEO: Ghanaian and international payment schemes in a “battle”

25th March 2019

Company: bobsguide
The duopoly of international card schemes are working at odds with Ghana’s own payments plans,  according to Archie Hesse, CEO of the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS). “Since we’ve started our scheme there’s been this battle between ourselves and Visa,” said Hesse, speaking on the... read more