Sophis has made further enhancements to its flagship Portfolio and Risk Management Solution for Investment Banks, RISQUE. The platform now offers advanced credit derivatives capabilities. Sophis, which started integrating credit default swaps into its solutions two years ago, now offers risk management, hedging, consistent pricing and processing across a range of credit-based products. The latest release of RISQUE incorporates a new pricing model for credit default swaps (CDS) called the Bootstrap model. The Bootstrap model inverts the CDS rate curve to obtain the term structure of default probability. It also includes historical and stress-testing Value at Risk calculations for CDS, and credit risk multi-currency management.
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.