Latest Operational risk News: Finextra Research

Investec Wealth & Investment goes live with Calastone Transfer Service

Calastone, the global funds transaction network, today announces that Investec Wealth & Investment, one of the UK’s largest private client wealth management firms, has gone live with Calastone’s recently launched Transfer Service.

24 November 2015

Company update/Operational risk

Investec opts for Euroclear UK & Ireland's automated fund service

Investec Wealth and Investment Ltd (‘IW&I’), a leading wealth manager with responsibility for in excess of £26 billion clients’ AUM, has adopted Euroclear UK & Ireland’s (EUI) automated settlement and custody service; CREST, for its UK investment fund flows.

29 October 2015

News/Operational risk

Markit to create Know-Your-Vendor data hub

Barclays, HSBC and Morgan Stanley are working with Markit on the creation of a cloud-based network for assessing and monitoring third party vendor risk.

14 October 2015

News/Operational risk

HSBC glitch leaves thousands of customers without salaries

An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.

28 August 2015

News/Operational risk

SunGard apologises for BNY Mellon system glitch

SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.

28 August 2015

News/Operational risk

SunGard system glitch causes havoc for BNY Mellon and US funds market

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

27 August 2015

News/Operational risk

Buy-side still reliant on manual process for complex derivatives - report

Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.

26 August 2015

Company update/Operational risk

Markit reveals FX trade confirmation service

Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced the launch of its FX trade confirmation service.

10 August 2015

News/Operational risk

Nasdaq and Nyse propose mutual back-up plan

Two rival exchanges, the New York Stock Exchange (Nyse) and Nasdaq OMX, are planning to provide back-up to each other's closing auctions in order to prevent a repeat of the outage that hit Nyse earlier this month.

23 July 2015

Company update/Operational risk

Quantifi gets upgrade

Quantifi, a specialist provider of analytics, trading and Risk Management solutions, today announced the release of Quantifi Version 13 (V13).

22 July 2015

Company update/Operational risk

Murex and Omgeo team up for post-trade offering

Murex, the leading provider of integrated trading, risk, collateral and processing solutions, announced today a strategic partnership with Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency.

22 July 2015

Company update/Operational risk

SmartStream certified by Swift for corporate actions

SmartStream, the financial Transaction Lifecycle Management (TLM®) specialist, today announced that its TLM Corporate Actions solution has again been awarded SWIFT Certified Application status.

22 July 2015

Company update/Operational risk

Cybersecurity startup partners with PwC

PricewaterhouseCoopers (PwC) Switzerland and High-Tech Bridge have announced a joint business relationship to bring a new and innovative set of web application security services to their clients.

20 July 2015

Company update/Operational risk

Orc offers connectivity to Aequitas NEO Exchange

Orc, a trading technology firm, has expanded its coverage of the Canadian markets to include the Aequitas NEO Exchange, a newly launched Canadian stock market.

30 March 2015

Company update/Operational risk

DataArt partners OpsCheck for hedge fund automation

DataArt, a technology consulting firm that creates end-to-end solutions, today announced that it successfully partnered with OpsCheck to develop and launch a Web-based application which helps hedge funds maintain effective operational oversight in an increasingly challenging business and regulatory environment.

11 March 2015

Company update/Operational risk

Banco Santander controls operational risks with NetGuardians

Banco Santander (Suisse) SA has selected NG|Screener, the innovative software solution from NetGuardians, to help them proactively meet requirements in a strict international regulatory environment.

10 February 2015

News/Operational risk

Banks warned on IT risks

EU supervisory authorities are warning banks to reinforce IT controls and audits on third-party technology providers and to ringfence budgets related to operational risk.

22 September 2014

News/Operational risk

As cyber threat grows, EU regulators warn FS firms on IT budgets

Europe's financial institutions have been told by regulators that they must protect their IT budgets in order to guard against the growing threat of cyber attacks.

03 April 2014

News/Operational risk

DTCC warns demand for collateral set to overwhelm system infrastructures

With regulatory changes sparking a surge in demand for collateral, current operational processes and system infrastructures looks set to be overwhelmed, the Depository Trust & Clearing Corporation (DTCC) has warned.

22 January 2014

News/Operational risk

Was the London Whale a rogue trader?

Speaking at Finextra's 'Holistic surveillance and the fight to prevent rogue traders' webcast, industry veterans David Clark and Simon Wheatley, along with Shaun Mathieson, senior consultant, global banking & markets, SAS debate whether the ongoing saga of JP Morgan's so-called London Whale trader constituted a rogue trader incident.

06 June 2013