Big Data's Role in Meeting Compliance and Regulatory Challenges
Responding to the changes in the financial industry with yesterday's data capabilities will place financial institutions at a disadvantage. Utilizing big data technologies can help firms meet financial reporting requirements, says DataArt's Oleg Komissarov.
Banks Shrink from Counterparty Risk as Euro Crisis Rolls On
Alarmed by Europe's latest debt
crisis and its unpredictable outcome, banks are getting
increasingly picky about who they do business with for fear of
taking on risky exposures to rivals who could be about to be
whipsawed by bad debts.
From Facebook to Quants -- The Top Quotes of the Week
It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
Wall Street Unfazed on Euro Zone Worries
U.S. stocks was little changed
on Thursday in volatile trading as ongoing concerns about
Greece's possible exit from the euro zone and tepid data on the
U.S. economy gave investors little reason to take risk.
Facebook, Zuckerberg, Banks Sued Over IPO
Facebook Chief Executive Mark Zuckerberg, and several banks led by Morgan Stanley were sued by shareholders, who claimed the defendants hid the social networking leader's weakened growth forecasts ahead of its $16
billion initial public offering.
Omgeo and Blackrock Push for T+O in Taiwan
Omgeo is working with investment managers across Taiwan, including Blackrock, the world's largest money manager, to eliminate inefficiencies and trade fails through same day affirmation of trade details on T+0.
JPMorgan To Be Haunted by Change in Risk Model
JPMorgan's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered.
Ex-ECB Head Unveils Bold Plan To Save The Euro
Europe could strengthen its
monetary union by giving European politicians the power to
declare a sovereign state bankrupt and take over its fiscal
policy, the former head of the European Central Bank said on
Thursday in unveiling a bold proposal to salvage the euro.
Casino Banking, Quant Schools, Bad Banks, Clawbacks and More
JP Morgan's $2 billion trading gaffe continues to make headlines, closely followed by Facebook's IPO, as well as the search for tech talent and quants. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week.
Lone Pine Capital Taps SS&C's Form PF Solution
Hedge fund chooses SS&C's web-enabled Form PF application for compliance with a new rule that requires investment advisers and private funds to provide data to the Financial Stability Oversight Council for monitoring systemic risk.
Regulators Should Define Hedges Narrowly
JP Morgan's reported loss on a
"hedge" highlights the way the concept has been stretched in the
last two decades to cover a broader range of transactions than
before, many of which have little to do with the traditional
concept of offsetting underlying price risks with like-for-like
JPMorgan Trade on Regulators' Radar in April
Regulators first raised
concerns in April about trading positions that led to a $2
billion-plus loss at JPMorgan Chase & Co, and they posed
questions to senior management at the bank, a source familiar
with the situation said.
Anxious EU Ministers Edge Towards Bank Rules Deal
European finance ministers
edged closer on Tuesday to breaking a deadlock on tougher
capital standards for banks, a reform designed to prevent
another financial crisis but which has exposed deep rifts
between Britain and the rest of the EU.
JPMorgan Loss Shows Risks In Safe-Haven Banks
JPMorgan Chase & Co's $2
billion-plus trading loss stems from an embarrassment of riches,
as like other banks that came out well from the financial crisis
it has surplus money burning a hole in its pocket.
Guggenheim Investments Picks NAV Platform
In a move to eliminate spreadsheets and reduce operational risk, Guggenheim chose Milestone Group's pControl platform to automate the production and control of net asset values.
JPMorgan CIO Chief Drew Quits After Trading Loss
JPMorgan Chase & Co
sacrificed investment chief Ina Drew on Monday in
response to trading losses that could reach $3 billion or more
and which have tainted the reputation of the bank's high profile
chief executive Jamie Dimon.
How Exactly Did JPMorgan Pass a Fed Stress Test?
News of the investment bank's $2 billion loss through a poorly crafted hedging strategy sent a shockwave throughout the global marketplace, once again putting regulatory bodies under the spotlight.
Bernanke: US Banking System Healthier After Crisis
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. banking system has made substantial progress toward becoming healthier since the financial crisis but noted there still were problem lending areas.