The pressing concerns facing risk professionals over the implementation of Basel II, have been addressed in a report issued by Reuters and the Professional Risk Managers’ International Association (PRMIA). The joint report, which focused on Basel II and credit and operational risk, found that 53 per cent of respondents were planning to spend in the range of EUR100,000 – EUR5 million on new related credit risk IT solutions in 2003. A further 27 per cent of respondents said they would spend between EUR700,000 – EUR5 million on advanced Internal Rating Based approach for Basel II and the remaining 20 per cent revealing they either have no plans or do not know how much they will spend in 2003.In terms of priorities relating to aggregating counter-party exposure across their company, risk managers said that combining net outstanding positions across products ranked top of their list of priorities, followed by netting and offsetting positions. Concerning the Basel Accord’s operational risk implications, Reuters and PRMIA asked risk managers to comment on their company’s operational risk strategy and found that 32 per cent are still actively analysing the impact of Basel II.
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