December 2008

COVER STORY

Kelly Mathieson, Managing Director, Global Clearance and Collateral Management Executive, Treasury and Securities Services, J. P. Morgan.
Kelly Mathieson, Managing Director, Global Clearance and Collateral Management Executive, Treasury and Securities Services, J. P. Morgan


Wall Street Taking a Closer Look at Collateral Management
In the wake of the credit crisis, J. P. Morgan, BNY Mellon, 15 of the top broker-dealers and a few buy-side firms are all involved in collateral management technology upgrades.

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Credit Suisse, Goldman and Major Broker-Dealers Are Building a Margin Messaging System
Fifteen of the 16 major broker-dealers have been quietly working to build an automated framework for collateral. The group plans to roll out a messaging system for margin calls early next year.

TRADING

Bloomberg Partners with Sermo Online Medical Community to Build Healthcare Marketplace for Investors
Bloomberg partners with online medical community Sermo to provide professional investors with access to real-time medical information and postings from tens of thousands of practicing physicians.

COMPLIANCE

E-Discovery Requests Loom Large for Financial Services Firms
As the turmoil on Wall Street continues, a growing tide of litigation — and e-discovery requests — could engulf financial firms.

Case Study: Loomis Sayles Implements Multifactor Authentication
Loomis Sayles deploys the Imprivata OneSign Authentication Management solution, enabling authentication via password, fingerprint and token.

OPERATIONS

Kleinwort Benson Embraces Business Process Management
Kleinwort Benson detangles decades of merger-driven process redundancies by embracing business process management (BPM) and implementing Lombardi's Teamworks suite.

INDUSTRY VOICE

Lessons from Rogue Trading and the Credit Crunch: How to Uncover the Next Unknown Risk
Firms need to plan effectively to reduce information technology risk and other enterprisewide risks that are within their control.

PERSPECTIVES

Relaxing Mark-to-Market Rules Is a Slippery Slope
Mark-to-market accounting is critical to the valuation of profits, positions, net capital and, for that matter, bank solvency.

FROM THE EDITOR

Don't Leave Home Without ... Bank Status?
An ill-conceived TARP provision that provides banks with anonymity makes the entire process less transparent and only further contributes to the industry's poor reputation.

UP FRONT

Research Spots Trend Toward Globally Managed Sustainability Programs
Cisco standardizes globally on SAS for sustainability management.

U.S. Hedge Funds to Cut IT Spending 40%
New TABB study finds drastic cutbacks to be expected, although more than 75% want to trade multiple asset classes electronically.

Firms Need Highly Integrated Wealth Management Technology, According to Aite Report
While business models have shifted to support a hybrid approach to financial advisement between financial advisement and traditional brokerage, the underlying technology has struggled to keep up, according to new report.

Insider Fraud Is Involved in 60 Percent of Data Breaches
Rogue employees have the potential to devastate a bank. But up to 50 percent of all insider fraud incidents go unreported, Celent says.

Building an IT Team on a Tight Budget
Staffing consultant Veritude provides five steps to pulling an IT project together on the cheap.

PRODUCT WATCH

Celoxica to Offer Low Latency Data Solution
Celoxica will offer shipment of ultralow latency market data solutions on Intel PCI Express platform.

SunGard Enhances WealthStation Financial Planning
Enhancement geared to help advisors guide clients through uncertainty.

TD Ameritrade Launches New Mobile Trading Tools
Tools and services will be available on the Apple App Store.

SHIFTING GEARS

Healy to Lead Microsoft's U.S. Financial Services Group
Former CS First Boston executive to lead sales, marketing and partners serving Microsoft's financial customers.

Fisher Joins Lloyds TSB to Oversee HBOS Integration
Lloyds TSB appoints Mark Fisher as director of group IT & operations.

FX Veteran Tolman Joins Beta-Gamma
Beta-Gamma Research, an algorithmic and sophisticated automated trading developer, has named Howard Tolman CEO.

Keeping Tabs

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