SunGard Trading and Risk Systems, an operating group of SunGard, said that ABN AMRO North America has extended its implementation of BancWare for interest rate risk management to include funds transfer pricing and data management. ABN AMRO will use BancWare to manage the risks across its balance sheet in a single, integrated platform. ABN AMRO North America uses BancWare at its Chicago headquarters to manage risk on approximately $90 billion in retail and commercial banking assets. It has been using BancWare Convergence for interest rate risk management since 1993 and added advanced analytics including option-adjusted valuation (OAV) and prepayment modeling to the solution in early 2000.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.