SOA: At Your Service
The technology that supports service-oriented architecture continues to mature, further enabling firms' customer-centric strategies.
It does not take a rocket scientist to realize that we are in the midst of an online revolution.
Buckley Leaves CIO Role to Head Retail at Vanguard
By Cory Levine, Wall Street & Technology
Tim Buckley, formerly managing director and CIO of The Vanguard Group (Valley Forge, Penn.) has moved from the technology organization to the business, as managing director in the retail investor group. Paul Heller replaces him as CIO.
This will not be Buckley's first foray into the business side of the $1 trillion investment firm. He has previously held leadership positions within corporate plannin
Andrew Silverman, formerly of Goldman Sachs, joins Morgan Stanley as head of U.S. electronic trading distribution
Financial Services Companies Failing to Perform Due Diligence on Outsourcing Deals
Although 46 percent of financial services executives view outsourcing as a way to achieve business transformation and a competitive edge, according to research from London-based PA Consulting, fewer than half (43 percent) of participants representing financial services companies reported that their firms undertake any form of due diligence when considering outsourcing partners.
Operational Risk Management Goes Global
New research from Celent (Boston) suggests that financial services firms across global regions will concentrate much of their spending over the next three years on operational risk management (ORM).
Corporate Actions Trip Up STP According to TowerGroup Research
An integral part of today's capital markets, corporate actions processing remains the largest stumbling block to the financial services industry's attempt at realizing straight-through processing (STP), according to a new research note from TowerGroup (Needham, Mass.).
IT Not Aware of GRC Needs Says Compliance Pros
A survey of more than 200 governance risk and compliance (GRC) professionals, 37.8 percent of whom represent financial services companies, reports that the majority of respondents believe their IT departments aren't meeting the GRC needs of the business.
CDS Processing Cost to Peak in '06
Credit derivative market participants have been burdened by increased operational costs in processing credit default swaps (CDSs) as volumes have skyrocketed in recent years.
Changing the Game
MTV just celebrated its 25th birthday. And the MTV Generation, as it is known, discovered that it no longer is the new kid on the block.
A flood of new solutions hits the credit derivatives space in an effort to stem the risk of backlogged paperwork.
CIO Challenge: Energy Efficiency
THE CHALLENGE: To meet the ever-increasing demand for computing power on Wall Street, firms require more and more energy to run their data centers. But faced with skyrocketing energy costs, CIOs are challenged to balance raw computing power with energy consumption.
To win back investors' confidence following a seemingly endless parade of high-profile breaches, remote hardware security has become a differentiating factor for financial services firms.
The SOX Technology Burden
By Brian Mitchell, JPMorgan
Why has SOX become such technology burden?
In year one, SOX was a burden for all. The business had to define all of the key controls associated with financial reporting and it had to identify the key systems on which the business depends to support these controls. Meanwhile, the technology group applied a typical general computing controls assessment to those
NYSE Euronext Courts Other Exchanges
If you think the NYSE-Euronext linkup is only about creating synergies between the U.S. and European securities and derivatives markets, then you are mistaken.