The FSA’s new discussion paper, Cross Sector Risk Transfers, on the use of Credit Derivatives to transfer risks between institutions, fails to consider the operational and systems risks that organisations trading in Credit Derivatives are running, according to TCA Consulting, an IT consultancy to the financial services sector. Whilst TCA Consulting broadly supports the conclusions reached by the FSA, it argues that they have so far glossed over the extreme levels of operational risk that many institutions may be running. TCA Consulting argues that whilst the FSA’s report takes great pains to emphasis that ‘inadequate systems, controls and a failure of senior management to appreciate the risks’ is of concern, it fails to elaborate further, even though these represent a potentially larger cause of loss than legal and regulatory issues.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more