Algorithmics has submitted a comprehensive response to the Basel Committee on Banking Supervision, supplying an analytical review of the Guidelines for Computing Capital for Incremental Risk in the Trading Book proposed in July 2008. While commending the Committee for its prompt action in response to the credit crisis, as it stood in July, Algorithmics expressed some concerns whether the implementation of the proposed rules would be consistent with the Committee’s stated objectives in a number of areas. Substantiating its concerns with several detailed technical documents, Algorithmics suggested further consideration of those rules. Michael Zerbs, President and COO, Algorithmics, said: “We believe the extension of the incremental charge to cover default, migration, spread and equity risks – including correlations within and across those risks – is an instrumental step in managing the real risks faced by institutions today. The proposed changes are likely to result in a more comprehensive and risk-sensitive capitalisation standard for the trading book. Many of our clients already examine such risks for management purposes.”
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