Algorithmics has announced that Danske Bank has completed the first phase of an economic capital project that will help the bank meet the Pillar 2 requirements of the Basel accord. This is the latest in a series of Algorithmics implementations at Danske, which include market risk, collateral management, exposure calculation and limits management projects. “Danske Bank uses economic capital to manage its business,” commented Erik Frandsen, first vice president at Danske Bank. “Having a risk-sensitive measure tied to other key elements of our risk infrastructure, such as exposure management and Basel II data warehouse, will improve the information quality and hence our decisions based on this information.”
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.