Video / 2 February 2012 / BNY Mellon Treasury Services
In the video below Daniel Verbruggen, BNY Mellon Treasury Services, talks about how BNY Mellon talks about how to keep commerce flowing through the liquidity freeze…
November 2011 / 9 November 2011 / Francis Maguire, Columnist, FX-MM
Despite the economic downturn, transaction banking volumes are still growing, but with a new focus on cost, risk and liquidity, how will payments evolve in this new regulatory regime, and what will be the winning technologies used? Frances Maguire asks Peter Jameson (Bank of America Merrill Lynch), Michael Burkie (BNY Mellon) and George Ravich (Fundtech) for their views.
Transaction banking is in a state of flux. While the three main components to the transaction banking industry – trade finance, cash management and asset servicing – continue to thrive through flow business, the twin pressures of risk and regulation are among the factors driving transaction banks to look for economies of scale, through outsourcing and collaboration, and make investments in more innovative IT solutions to drive business. (more…)
September 2011 / 13 September 2011 / Marek Robertson, Head of BARX Sales EMEA, at Barclays and Kurt vom Scheidt, COO & Deputy Head of Foreign Exchange at Saxo Bank and Thomas Soede, Global Head of Electronic Commerce at BNP Paribas and Frances Maguire, Acting Editor,FX-MM
What hurdles are facing banks building FX e-Commerce platforms in today’s fragmented marketplace and how are they helping customers to better manage their liquidity risks? How will the e-FX marketplace evolve and how will the market cater for the growing demand for mobile e-Commerce services? Our expert panel answers all these questions and more…
The continued growth in electronic trading of foreign exchange has ensured that the future growth of banks’ FX business relies heavily upon the resilience and the innovation of their e-Commerce platforms, in what has become an extremely competitive marketplace. The emergence of foreign exchange as an asset class for portfolio diversification, as well as the growing number of algorithmic strategies adopted by hedge funds and real-money managers has also dramatically increased the percentage of FX traded electronically. (more…)
February 2011 / 4 February 2011 / Portware
In today’s market, it is no secret that asset managers are focusing on FX execution quality to a greater extent than ever before. Buy-side firms who traditionally relied on custodians to manage their FX risk – and suffered egregious markups as a result – are becoming increasingly frustrated with the status quo, as evidenced by CalPERS high profile lawsuit versus State Street in late 2009. Yet it is not just antiquated custody agreements that are driving the buy-side to revaluate their trading processes. Even institutions who manage their own FX risk realise that their legacy toolsets may not be adequate in today’s complex marketplace. As a result, traditional asset managers have emerged as some of the leading adopters of advanced FX trading technology. (more…)
October 2010, Past issues / 20 October 2010 / Nancy Masschelein, Head of Risk and Capital Management. FinArch
FinArch is a market leader in integrated Risk and Finance solutions. Here, the firm’s Head of Risk and Capital Management, Nancy Masschelein, address your questions.
Technology news / 18 October 2010 /
HSBC Europe has implemented a liquidity risk calculation and reporting solution, developed by Financial Architects (FinArch), to meet the UK FSA Liquidity Risk Reporting requirements. (more…)
August 2010 / 16 August 2010 / FX-MM
FinArch is a market leader in integrated Risk and Finance solutions. Here, the firm’s Head of Risk and Capital Management, Nancy Masschelein, and Chief Commercial Officer, Nigel Lee, address your questions on managing liquidity in an integrated risk return management framework.
Nancy Masschelein: The recent crisis has demonstrated the need for a solid liquidity risk measurement and management system. In fact, this should be central to a bank’s integrated risk management framework. Such a framework should provide them with a common data architecture in which to store, manage and enrich data from all parts of the business. This common data architecture is essential if banks wish to maximise their return. In this respect, we should even speak of a common uniform ‘risk return measurement framework’. Central to the framework should be the calculation of not only liquidity risk, but also other risk types such as credit risk, market risk, operational risk…. It should even move beyond that: a solid framework should support both regulatory and internal risk calculations, such as Economic Capital calculations. And, in order to be fully efficient, the measurement of liquidity risk and other all risks is should be supported by a uniform Cash Flow Engine and a Fair Value Engine.
August 2010, Past issues / 16 August 2010 / FX-MM
With the introduction of tighter regulation, along with closer scrutiny from shareholders and investors, liquidity risk is one of the most pressing business concerns facing organisations today. As the upheaval in the financial landscape prompts a grassroots reassessment of liquidity risk within large institutions, Anya Davis of Baringa Partners and James Nicholls of Cornhill explores how banks should manage liquidity risk.
April 2010 / 17 April 2010 / FX-MM
FinArch is a market leader in integrated Risk and Finance solutions for the finance industry. Here, the firm’s Head of Risk and Capital Management, Nancy Masschelein, and Chief Commercial Officer, Nigel Lee, answer your questions on ensuring a sound liquidity risk framework.
March 2010 / 22 March 2010 / FX-MM
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.
February 2010 / 22 February 2010 / FX-MM
Liquidity risk management strategies will have to be reviewed and upgraded to comply with the incoming, mandatory, additional reporting requirements from the UK’s Financial Services Authority (FSA), as well as increased stress testing and reporting tools.
November 2009, Past issues / 12 November 2009 / FX-MM
With liquidity risk firmly in the regulatory spotlight, Frances Maguire looks at the real need for intra-day payments information and the technology to manage and reconcile payments to enable banks to have a daily overview of their nostro payments and liquidity risk.
The regulatory response to the financial crisis has been more onerous requirements on banks to prove they are managing their liquidity. From next year, this will mean stricter reporting requirements as well as more sophisticated stress testing.
June/July 2009, Past issues / 17 July 2009 / FX-MM
With credit scarce and cash king, tough times call for a measured response in the realm of liquidity risk.
Without question, today’s challenging corporate environment contrasts hugely with the market conditions of, say, late last decade, when even the most speculative start-ups boasting business plans of little more than a few random figures scrawled on a napkin, were able to secure financing without breaking sweat. Not any longer. In these post-Enron, credit crunched, recession-ravaged days, even well-established multinationals with household names and solid cash flows find it an uphill battle to maintain the confidence of hyper-liquidity conscious investors.
May 2009, Past issues / 14 May 2009 / FX-MM
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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