International Financial Reporting [ Source: Advent Software ]
April 2009- This document is intended to introduce hedge funds and hedge fund service providers to International Financial Reporting Standards (IFRS) and to help them understand major differences between them and U.S. GAAP. The information here will also educate them on potential impacts to their organization when adopting the international standard, including considerations for accounting systems. Finally, the document will educate firms about Advent�s portfolio accounting system, Geneva,� and its currently available capabilities for supporting ...

Knowledge Transfer: The Exhausting Challenges of Managing Counterparty Risk [ Source: Omgeo ]
April 2009- As financial institutions search for answers to our current crisis, it is natural to be introspective about our business model, our core values, and the future of our industry. It was a shock to everyone in this business how quickly operational risk and market risk could lead to systemic risk. If there is a silver lining to this recession, it may come in the form of a commitment to address long-standing gaps in our infrastructure ...

The Hidden Dangers of Everyday Information Transfer [ Source: Sterling Commerce ]
December 2008- Every day financial services organizations share megabytes, gigabytes or even terabytes of data with their business partners around the world using protocols such as FTP, HTTP, S-HTTP, SFTP, and FTPS. If there’s no apparent service outage, security breach or audit failure, most organizations assume these protocols are doing a secure and effective job of file transfer. But each of these protocols has serious flaws that are quietly making it harder for financial services organizations ...

Counterparty Risk: Are We Leveraging Our Tools? [ Source: Sybase ]
April 2012- Counterparty risk has long been a source of concern for risk managers. However, the financial crisis brought new urgency to counterparty risk management for risk practitioners, regulators and financial firms alike, as exposure to collapsing giants left the industry reeling. That urgency has been punctuated by the global economy's current struggles, as firms grapple with new regulations, the European debt crisis and fears of a double-dip recession. <br><br> The failure ...

IT Complexity Metrics - How do you measure up? [ Source: CAPCO ]
April 2012- IT Complexity is so important that 'learning through failing' is no longer satisfactory given that this form of complexity so clearly and harshly impacts the cost, delivery quality and flexibility of the IT landscape. <br><br> We now need a robust and functioning model for complexity measurement and mitigation. This paper describes how Commerzbank, in partnership with Capco, is deriving such a model. We also examine how it can be developed ...

Managing Risk and Exposure in the New Regulatory Environment [ Source: SunGard Financial Systems ]
October 2010- As financial services firms and regulators analyze current approaches to internal and systemic risk management, data management has become an important element. If a firm can’t collect and aggregate key data – down to the transactional level – then the value of any risk management strategy is reduced and reports may not be accurate. Firms need the right models, flexible systems and access to up-to-date data on an ongoing basis. This new white paper from SunGard ...

Reform vs. Innovation: Opening the Right Doors [ Source: SunGard Consulting Services ]
April 2010- Jeffrey Wallis, managing partner, SunGard Consulting Services, discusses how the “too big to fail” principle, driven by the interconnectedness of financial firms, could lead to an economy where a company could be “too small to succeed”.

Achieving Compliance In Energy And Commodity Markets [ Source: SunGard Consulting Services ]
August 2009- Changes in energy and commodity markets and regulations, increased regulatory oversight, and the behavior of a few people are compelling senior executives to mandate the strengthening of their compliance programs. This whitepaper discusses leading practices in implementing compliance organizations and tools.