Enterprise risk management solutions firm Algorithmics Incorporated said Bayerische Landesbank (BayernLB) of Germany has selected its collateral software application to manage its current and future cross product margining requirements. BLB said its requirements were for a collateral management system that was flexible, had broad functional coverage, could normalize vast amounts of external data, and which was mapped to, and administered through, user-friendly interfaces. ‘Specifically, we needed a proven cross-product margining application to automate and improve the operational aspects of our existing Repo margining processes, and to support the future growth of our OTC derivative margining program,’ said Jurgen Pohl, Head of Collateral Department, BayernLB.
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.