It’s a Family Affair
If you think your family tree is confusing, check out the data hierarchies being built in Wall Street's data departments.
BNG picks Front Arena for consolidating fixed-income and derivatives; IBM pitches tech package at $4 billion Basel II market.
Four firms go live with DTCC's credit-default swaps-matching service; SuperDerivatives signs up 10 German and Austrian banks; Central banks draft report on managing risk in CCPs; SunGard unveils Adaptive framework.
Mantas advocates creation of anti-money-laundering standard; WestLB licenses Principal System for structured investment vehicle; SuperDerivatives launches FX-options risk-management system.
Barring Bad Credit
Credit-risk identification is the goal of Berkeley, Calif.-based Barra's new Barra Credit product.
InfoStep Stands Up to Sox
Still stumped by Sarbanes Oxley? InfoStep, has released eLustroHarmony, a risk-management and compliance tool to help get firms on track with SOX.
Brown Brothers Settles on CLS
By accessing the CLS Bank through a member bank, Brown Brothers has not only mitigated risk, but has changed its FX processes.
Cost of Exceptions Drops
The cost of exceptions has dropped 30% in the last 12 months, according to a recent study by SunGard eProcess Intelligence.