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 

UAE Banks Are Seeing Their Customers With New Eyes

About one out of seven UAE bank customers will recommend their bank to friends and family, reveals a Souqalmal.com survey. “Behavioral intelligence solutions assist banks in pro-actively approaching their clients, allowing to optimize product characteristics and explore up- and cross- sell possibilities. As a result, banks’ customers will be using ...

06 March 2012 /regulation

Retired Member 

Progressive Core Banking Transformation !!!

Happen to attend a Webminar on Progressive Core banking transformation. Major take home points after an hour of the presentation as follows Current Scenario 1. Core banking transformation is nothing but replacing your home with new walls, furnitures, kitchen, Lobby , interiors and painting etc etc. 2. Vision is to replace everything in the home ev...

03 March 2012 /retail

Retired Member 

The Top 5 Concerns of Sub-Saharan Banks

Middle class population in Africa has tripled since 1972 and has now reached 34% of the content’s population (data by “The Middle of the Pyramid: Dynamics of the Middle Class in Africa” report by African Development Bank). In response to this trend, financial services companies are expanding and increasing in complexity. Growth means changes. Chan...

22 February 2012 /security /regulation

Retired Member 

Basel III, CRDIV, EU Crisis: The 'malediction'...

Basel III, CRDIV, European Union Crisis: The "malediction" of the new banking regulations. In October 2010 at the Seoul Summit, the G20 Leaders committed to the adoption and full implementation of the Basel Committee’s new bank capital and liquidity framework within the recommended time frame. They also approved the Financial Stability Bo...

13 October 2011 /regulation

Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted

It's not enough just to have the risk systems turned on

So, now we all know the dirty little secret at the heart of the latest alleged 'rogue trader' scandal at UBS. Risk management was ignored. Well, knock me down with a slide ruler. Now, I wrote a rather snarky blog when this scandal broke asking whether the lights were even turned on in the UBS trading floor, never mind the VaR calculations, risk li...

06 October 2011 /regulation

Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted

WTF - Is every trader an island?

So we all woke up this morning to find that UBS was reporting a $2 billion loss due to a ...wait for it ... 'rogue trader'. Yes, mistakes happen. Yes, fraud, abuse and criminal activity happen. But young Kweku Adoboli, a 31-year old trader in UBS's London-based exchange traded funds business, is not sitting in police custody, currently, because he...

15 September 2011 /regulation

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