Risk Management Systems Insights
14th August 2019
Difficulties in explaining machine learning (ML) models is causing concern as banks look to the technology for default risk analysis, according to market participants.
“Many different types of ‘black-box’ models have been developed out there even by banks claiming that they can accurately predict mortgage defaults. This... read more
13th August 2019
For traders, billions of data points have become available over the past few years – useful in the search for arbitrage only when the appropriate management and direction are applied to them.
The surge in big data has created an ever-growing market for data management tools, driven in large part by technology, with machine learning and... read more
13th August 2019
Nishkama Capital, a long/short equity fund based in the US, became one of the first adopters of Eze Eclipse, SS&C Eze’s born-in-the-cloud investment management solution, in 2017. Thanks to the platform’s adaptability and continued support from the Eclipse team, Nishkama’s operation was able to get up and running quickly, and... read more
13th August 2019
Global Investment Performance Standards (GIPS) are voluntary, ethical standards based on the fundamental principles of full disclosure and fair representation of investment performance.
As investor expectations increase and product innovation develops, the standards are evolving to remain relevant and maintain their core purpose: ensuring... read more
12th August 2019
“We are seeing some companies looking to establish a payment system that bypasses our banks and our currency,” US Federal Reserve governor Lael Brainard said in early August, announcing the central bank’s plans to launch a new payments network. “Facebook's Libra project raises numerous concerns that will take time to... read more
9th August 2019
“This is the beginning of de-globalization and balkanization of the global economy and de-coupling between the US and China,” said economist Nouriel Roubini, in a recent post. “No wonder we are back in risk-off mode markets are sharply down. Even Fed easing cannot backstop markets hit by a double negative supply shock: trade and... read more
5th August 2019
Canada and the US are moving toward greater transparency for corporate ownership, but they still fall short of some countries in Europe in making beneficial ownership data readily available to law enforcement, financial institutions and the public.
“Canada and the US both still have a ways to go behind the UK and Ukraine with... read more
2nd August 2019
While asset managers may wait for their counterparty banks to navigate them through the transition away from the London Inter-bank Offered Rate (Libor), the buy side cannot afford to be complacent as the rate gets phased out. But in some instances little preparation has been done.
“We’ve been talking to banks primarily but also some... read more
26th July 2019
The risk management landscape is one that is evolving rapidly, alongside new regulatory requirements and technological innovations. Firms are still feeling the aftereffects of the second Markets in Financial Instruments Directive (Mifid II), while geopolitical events have led to challenging market conditions.
To further understand the state of... read more