big xyt, a provider of data and analytics solutions for securities firms, has launched the Portfolio Liquidity Analysis solution, which was developed in partnership with investment management firm Baillie Gifford, officials say. The solution “enables buy-side firms to gain an independent view” of the liquidity of equity portfolios because of the use of “reliable and consistent… Read More >>
Asset Managers to Ramp Up Compliance Capabilities
New global regulations and volatile market liquidity are prompting a majority (56 percent) of surveyed asset managers and asset owners to increase their technology and operational capabilities over the next year, in order to better manage financial and other data needed to meet regulatory compliance deadlines. That’s the top-line takeaway from “Let’s Talk Liquidity: Opportunities… Read More >>
SEC Rewrites Reporting Rules for Mutual Funds, ETFs
The SEC has proposed new and amended rules intended to modernize data reporting for open-end funds, which allow investors to redeem their shares daily and includes mutual funds and exchange-traded funds (ETFs). The SEC proposals also cover liquidity risk management and swing pricing, and are “part of the Commission’s initiative to enhance its monitoring and… Read More >>
Fed Wants New Credit Limits on Top Tier Firms
Global systemically important banks (G-SIBs), of the kind whose imprudent derivatives loan policies shook the global economy, will have their credit exposure restricted under a proposed new Federal Reserve Board single-counterparty-credit-limit rule. “In the financial crisis, we learned that the largest and most complex banks and financial institutions lent or promised to pay large amounts… Read More >>
Fears Over Liquidity Risk Spur SEC, FINRA Into Action
Better liquidity risk management amid volatile markets has become the new byword for regulators. The SEC is trying to rein in liquidity issues for mutual funds and exchange traded funds (ETFs) while independent regulator the Financial Industry Regulatory Authority is targeting liquidity problems for broker-dealers, even citing the liquidity risks that “played a large role… Read More >>
Q&A: ‘The Bank’s Reliance on Manual Systems Has Reduced’
Recently, it was announced that Bank of Tokyo-Mitsubishi UFJ (Holland) NV (BTMU Holland), the Japanese bank’s Netherlands subsidiary, had deployed the OneSumX solution from financial technology provider Wolters Kluwer Financial Services (WKFS). BTMU Holland is using OneSumX to manage liquidity and credit risk, and this latest deployment is an expansion of a relationship that BTMU… Read More >>
BTMU Holland Picks Wolters Kluwer’s OneSumX
Bank of Tokyo-Mitsubishi UFJ (Holland) NV (BTMU Holland), the Japanese bank’s Netherlands subsidiary, has signed with Wolters Kluwer Financial Services (WKFS) to use its OneSumX solution, officials say. BTMU Holland will employ OneSumX to manage both its liquidity risk and its credit risk, WKFS officials say in a statement, adding that BTMU Holland has “specifically… Read More >>
