4sight Financial Software, a provider of software and consultancy services to the securities finance and collateral management markets, reports that it has hired Raymond Blokland as a senior consultant. Prior to joining 4sight, Blokland, with more than 20 years of financial markets experience, was a managing director at Bank of America Merrill Lynch. Previously, he… Read More >>
Getting Ready for SIBOS Fall 2014
The annual SIBOS conference of the SWIFT financial messaging and services cooperative, at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2, will feature debates, keynote addresses, panel discussions and special interest sessions targeting many issues of concern to financial services firms engaged in post-trade securities operations. There will be chances to… Read More >>
Survey: Risk Management Becoming More Strategic
Once viewed as a burdensome regulatory obligation, risk management is increasingly seen as a strategic core competency, according to a global survey of 200 risk managers carried out by SunGard and the Professional Risk Managers’ International Association (PRMIA). Key findings revealed: Stress testing capabilities were ranked as being lower priority than collateral consolidation and asset… Read More >>
PIMCO Envisions ‘No Fails in Collateral’
(Editor’s note: Bond giant Pacific Investment Management Company, a.k.a. PIMCO, successfully “championed the use of electronic, digitized settlement instructions for the movement of collateral,” says Cynthia Meyn, executive vice president for operations at PIMCO. Meyn lists “electronically agreeing collateral, instructing collateral and ultimately net settling collateral at the DTCC on a same-day basis,” as one… Read More >>
New Collateral Rules Shatter an Ops Silo
As collateral management gets greater attention from the front office and regulators, it may cease to be an operational silo governed by the back office as it is at some firms. In other cases, new collateral functions may cause firms to move away from fragmented systems and manual processes, according to a new report from… Read More >>
IBOR Support Coming for CRD’s IMS as CME to Launch in Europe
Charles River Embraces IBOR; Gains Client in Luxembourg Charles River Development (CRD) is integrating support for investment book of record (IBOR) in version 9.2 of the its Investment Management Solution (IMS) flagship order management system, following completion of beta testing with global client partners, officials say. The company describes its IBOR support as a… Read More >>
Ready for a 1,000% Spike in Margin Calls?
A new white paper from the DTCC predicts that margin calls on derivatives could increase by as much as 1,000%. The paper cites regulatory changes that will spur fragmented clearing and a jump in margin calls. With so much that can go wrong, the new clearing regime for derivatives is quickly becoming a major operational… Read More >>
A Standard for Collateral Management Settlement?
SWIFT, the DTCC and AcadiaSoft, maker of a margin messaging platform, are exploring ways via preliminary tests with clients to standardize an infrastructure for bilateral and tri-party collateral management settlement. But some industry observers want independent industry groups without a profit motive to lead these much-needed efforts to end manual processes and reduce systemic and… Read More >>
Another Ally in the War on Data Silos
Another shot across the bow is coming for data silos. Recently, I noted that FATCA compliance and automated reconciliation could eliminate some data silos or cause firms to find ways to access previously unavailable data. The New Age of Collateral Management is clearly another ally—maybe the strongest one—in the war against data silos.Data management issues… Read More >>
