Guest Contributor: Laurent Jacquemin, executive vice president, post-trade derivatives, SunGard’s capital markets business In the derivatives industry, significant, year-over-year transaction volume growth has become the norm. With high-frequency trading driving up the volumes of trades to hundreds of thousands or even millions per day, derivatives market participants must be able to manage these higher volumes.
Guest Blog
The Operational Due Diligence Opportunity for Hedge Funds
Guest Contributor: Jason Scharfman,, Esq., CFE, CRISC, Managing Partner, Corgentum Consulting In the past, many hedge fund managers may have cringed at the mere thought of an investor inquiring about conducting a distinct operational due diligence review. Such reticence represents a missed opportunity. Hedge funds often work hard over many years to develop strong operations and
Guest Blog
The SEC’s Bipolar Approach to Credit Rating Agencies
Guest Contributor: John Jay, Senior Analyst, Aite Group The Securities and Exchange Commission (SEC) is coming to the rescue of the investment community; it is considering leveling civil fraud charges against credit rating agencies (CRAs) — in particular Standard & Poor’s (S&P) and Moody’s — in relation to their roles in facilitating the 2008 and 2009
Compliance
Good Risk Management = Good Business Management
Guest Contributor: Todd Cooper, Vice President and General Manager of Enterprise Risk Compliance, Wolters Kluwer Financial Services The financial services industry is definitely at a crossroads when it comes to compliance and risk management. One road leads to growth, but requires taking calculated business risks in order to achieve success. The other path involves avoiding
Back-Office
Attention Vendors: Clients Need New Ways to Manage Risk
Quantifi recently released survey results concerning how financial firms plan on implementing new solutions in order to manage and measure their counterparty risk. According to the survey results, 100 percent of respondents either have already or plan on implementing major changes in their counterparty risk systems, but what is the need behind this sudden system
Compliance
Dodd-Frank IT Implications for Investment Firms: Disaster Recovery, Archiving
Guest Contributor: Mary Beth Hamilton, Director of Marketing, Eze Castle Integration At 800+ pages, the Dodd-Frank Wall Street Reform and Consumer Protection Act is far reaching and requires a serious time commitment to comb through. As the deadline approaches, investment firms are increasingly looking at the technology requirements outlined in the regulation and the implications
Back-Office
Is Data More Valuable than Assets?
When someone hears the term “cyber crime” they will usually think of their personal information being stolen, for instance when someone steals your credit card information and goes on a shopping spree. However, cyber crime no longer strictly applies to personal information. According to a recent survey by McAfee and Science Applications International Corporate (SAIC),
Conference and Event Planning
A Look Into the 5th Annual OpRisk Conference
For all of those who attended yesterday’s 5th Annual OpRisk Conference we would like to thank you for making it such a great event! Also, we would like to send a special thank you to all the knowledgeable speakers and the event sponsors, SunGard and Infogix. So we thought we would give you all a
Compliance
Automating Governance, Risk & Compliance
This week I came across an article in Wall Street & Technology that discussed GRC and the need for firms to implement technology in efforts to increase their automation and increase their control over risk and compliance. With GRC being a topic that will be discussed at our 5th Annual OpRisk Conference, scheduled for Wednesday,
Operational Risk
Inside an Investor’s Portfolio: How Much Do They Know?
Risk management has become extremely important in the past year or two. The risk management teams at many firms have begun to reassess their roles and the way they manage risk in order to prevent past mistakes from being repeated. However, shouldn’t others also know and understand the impact that risk has on a portfolio?
