Standard & Poor’s Risk Solutions has introduced its Default Filter software – a model development solution with ongoing data management, validation and stress testing tools – into the North American market. Standard & Poor’s purchased Default Filter credit risk management software assets from IQ Financial Systems in August 2002. ‘Originally developed in Asia to cover credit markets where data are often scarce, Default Filter will be an important tool for North America as well, where the same issues surround data availability in middle market lending,’ said Roy Taub, Executive Managing Director of Standard & Poor’s Risk Solutions. Default Filter aims to helps banks address Basel Committee requirements for forward-looking modelling of credit risk by providing tools that allow clients to test the ability of their models to classify risks, continually test the comparability of their current data set to their reference historical databases, and continuously test the predictive power and stability of their model over time.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.