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Search result for "gresham computing" – 11 articles found
Gresham Computing announces that it has implemented a transaction and cash control solution for Giveall2charity (Giveall)…
Gresham Computing plc announces the implementation of the Barclays IFS client money management solution for BARCO…
Gresham Computing plc today announced a move to new corporate headquarters in London…
Financial Transaction Control system completes 500,000 transactions in a second in benchmark with GigaSpaces and Intel…
Includes features to improve the rapid on-boarding of both existing and new reconciliations…
Tagged with: Gresham Computing
Optimises working capital and finance team efficiency for organisations managing large volumes of payments and collections…
November 2011 / 9 November 2011 /
In the wake of the latest high profile unauthorised trading case, which involved a $2.3 billion trading loss at UBS, Frances Maguire asks what can be done to prevent rogue trading, or at least limit the scale of the losses.
Once again the banking industry has stopped to ask itself if the measures in place are strong enough and whether a bank can ever stop rogue trading. Also, how can rogue traders be identified early on and weeded out, and if all else fails what damage limitation techniques can banks employ and finally, whether measures to prevent rogue trading be mandatory. While there is no specific regulation that states that banks must protect themselves against rogue trading, it is obviously taken as a given that they should try to do so. This is well covered in the liquidity risk requirements in place – banks should know their cash and positions at least at the close of business, if not intra-day.
What has come out of the UBS case is that there were a number of faked forward-settling transactions, which covered genuine transactions to make it look as though the trader had very residual risk from his transactions, thus hiding the true size of his positions.
Tagged with: Andy Mellor, Compliance & Regulation, Fiserv, Frances Maguire, Frederic Boulier, Gresham Computing, Kenan Maciel, Lab49, Neil Vernon, NICE Actimize, Progress Software, Richard Bentley, Rogue Trading, Terry Gibson
March 2010 / 22 March 2010 /
It is becoming increasingly clear that information is at the heart of liquidity risk management.
With the spotlight on liquidity management, the most effective approaches to cash and liquidity management are now being sought following the regulatory requirement for banks to actively manage their intraday liquidity positions and risks.
2009 is the year that the Direct Debit scheme for the Single Euro Payments Area (SEPA) was partially launched. For 2010, the payments industry is putting its hopes in a mandatory end-date coming from the European Commission. For FX&MM, Frances Maguire reports.
While there was much discussion about risk management and lessons to be learnt from the crisis at this year’s Sibos, word on the exhibition floor was that liquidity risk, “the juggernaut facing the industry”, was not addressed. Frances Maguire reports.
Even though the regulatory response is coming at national level, the incoming liquidity risk regulation will all be based upon the Principles for Sound Liquidity Risk Management and Supervision, published by the Bank of International Settlements (BIS) in 2008.
Tagged with: Compliance & Regulation
Recent events have put risk management firmly at the top of the agenda and prompted the UK’s Financial Services Authority to draw up new requirements for reporting exposures and managing liquidity. Frances Maguire takes industry soundings.
The ability of a bank to fund increases in assets and meet obligations as they come due will fall under regulatory reporting requirements at the end of this year, in a bid to ensure that banks prove that they know their exposure in the market to avoid a repeat of shock losses. Firms should expect the new rules and guidance to be in effect in the fourth quarter of this year with new FSA reporting arrangements going live in Q1 2010.
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