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11 Results from /regulation, "Wachovia Corporation"

/regulation

Dealers to accelerate central clearing of OTC trades

Under pressure from regulators, 15 of Wall Street's biggest banks have committed to significantly increase the use of central counterparties to clear over-the-counter (OTC) derivatives.

/regulation

US regulator updates risk guidance after Wachovia telemarketing probe

The US Office of the Comptroller of the Currency (OCC) has updated risk management guidance for banks dealing with third party payments processors working for merchant clients following its probe into a scam at Wachovia which found that a lack of oversight and control allowed telemarketers to swindle thousands of elderly customers.

/regulation

Wachovia signs for Reveleus Basel II platform

US bank Wachovia is implementing risk management technology from i-flex subsidiary Reveleus to comply with the forthcoming Basel II capital regulations.

/regulation

Wachovia deploys SunGard's Adaptiv Credit Risk

US bank Wachovia is implementing technology from SunGard to manage credit risk activity across its capital management, corporate and investment banking groups.

/regulation

Wachovia moves to Teradata enterpise data warehouse

US bank Wachovia is implementing data warehousing technology from NCR-subsidiary Teradata which it will use to consolidate its existing disparate risk databases across the enterprise.

/regulation

Wachovia implements Asset Control data management system

US bank Wachovia is implementing Asset Control's data management technology, AC Plus, at its corporate investment banking division.

/regulation

Wachovia deploys SunGard for exception processing

US bank Wachovia is installing technology from SunGard eProcess Intelligence to automate global payments investigations and customer inquiries at its corporate and investment banking division.

/regulation

Wachovia signs with Fitch Risk for access to OpVantage databases

US bank Wachovia has entered into a subscription agreement with Fitch Risk to access OpVantage's financial institutions risk scenario trend (First) database and quantitative OpVar operational risk system.

/regulation

Wachovia licenses Centerprise risk system; teams with Nova for e-cheque service

Wachovia is implementing Centerprise Services' operational risk software, Enterprise OpRiskCenter, across the organisation.

/regulation

Wachovia in fraud doublecheck with Mitek's Payee Match

Wachovia Treasury Services has introduced technology from Mitek Systems to match payee information on cheques against names provided by customers on issue files.

/regulation

Wachovia implements Anvil Arts collateral management package

Wachovia Corporation in North Carolina has gone live with the Anvil Arts package at its collateralised financing desk in New York.