Retired Member
The big question Rip and replace has sparked business debate for many years. Long-established core systems continue to age and with tightening budgets and a fast moving business landscape the decisions around if and when to replace them are now harder than ever. Choosing whether to rip and replace, or to optimise the technology that you already h...
04 August 2009 /payments /sibos Financial Supply Chain
Recently, the industry has focused on the communication between the two parties involved in OTC contract confirmation. Media attention has concentrated on the debate of market infrastructure and the role of the central counterparty. It’s good to see that another important part of the OTC lifecycle definition has been completed with the delivery o...
31 July 2009 /sibos Asia Financial Services
I can’t agree more with Hilary Ward from Citi. In her recent article on GTNews, Hilary talks about the benefits of automating the process around on-boarding and bank account management, between corporates to banks. “While the process has not fundamentally changed in 100 years, the technology and the demand from clients to move from paper to elect...
08 July 2009 /sibos /wholesale Electronic Bank Account Management
With contracting assets under management, fund management firms, fund managers and hedge funds alike have been quick to extend performance fee schedules and introduce innovative, complex products to maintain client interest. Yet, they’re missing the simplest of tricks - automation of fee billing - as many of these potential fees remain under bil
30 June 2009 /sibos Asia Financial Services
The internal operational challenge surrounding OTC derivatives remains an area that individual firms have to take responsibility for. In early 2008 we were obsessed about volume, bottlenecks and efficiency, in 2009 we are facing a slightly different operational challenge; that of counterparty risk and exposure management and underlying principles o...
11 June 2009 /sibos Asia Financial Services
65 per cent of firms reference adequacy of existing system as major OTC operational issue As the dust settles on the central counterparty debate the spotlight returns to the internal issue of operational readiness of the middle and back office to process the continued increase in OTC volumes. In research published this week by CityIQ a survey...
01 April 2009 /sibos Trends in Financial Services
Improving post-trade processing capabilities is imperative when more than 50 per cent of a client’s workload can be spent dealing with terminations, novations and amendments – let alone getting in place the basics for trade confirmation and payment processing. While OTC derivatives volumes are not as explosive as earlier last year they are still ...
11 March 2009 /sibos Trends in Financial Services
In an FT article a few days back, Jay Hooley of State Street raised some concerns around the impact of OTC volumes on legacy systems. In my experience many firms today have developed limited capabilities for automating the OTC volume within their business. Where it does exist it is often in silos, and does not cover the full life-cycle of the c...
04 March 2009 /sibos Trends in Financial Services
Gary Wright Analyst at BISS Research
Its normal practice for financial services firms to immediately cut costs and budgets when a financial crisis hits. In my time working in banking I can remember on many occasions when some form of crisis appeared that the first reaction was to freeze expenditure, the next was to cut costs the third was to prioritise and then cut again. The finance...
26 January 2009 /regulation /sibos MiFID
Despite what you hear and read about SEPA it is a fact that it has failed to achieve any notable volume since it went live. At a recent conference chaired by yours truly a number of eminent speakers from the upper echelons of banking finally agreed in public under examination that there has only been 2.5% of possible volume of SEPA Credit Transfer...
12 December 2008 /regulation /sibos EBAday
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