By Brendan P. Farrell, Jr., SunGard’s XSP | May 13, 2013
The next evolution of corporate actions processing is underway, with an end goal of providing straight-through processing for industry participants and reducing the risks and costs associated with manual processes — while increasing efficiency through messaging automation.
As the memory of the financial crisis begins to wane and firms’ new, improved risk management practices become operational, worldwide IT risk spending is slowing at a faster rate than previously expected.
Goldman Sachs Group Inc
suffered a defeat on Monday as the U.S. Supreme Court let
stand a decision forcing it to defend against a class action
lawsuit claiming it misled investors about the risks associated
with mortgage securities.
The door has opened for hedge fund admins — who, with few exceptions, continue to enjoy a view of the fund’s entire investment book — to offer new services traditionally provided by their prime broker.
Is President Obama's executive order on cybersecurity causing hackers to shudder and financial institutions to breathe a sigh of relief? Here are some of the top reactions on the web to this controversial bill.
Former customers of Jon
Corzine's collapsed brokerage MF Global would recover most, and
probably all, of their money under the latest projections by the
trustee liquidating its bankrupt parent company.