Fundamental review of the trading book (FRTB)
FRTB data quality issues persist amid shifting implementation dates
Banks are finding market and reference data challenges posed by the FRTB’s standardized model tricky, compounded by uncertainty over when the regulation will take effect.
One step forward, two steps back—European regulation grapples with the same old problems
Stop me if you've heard this one before...
Industry divided on whether Europe should delay FRTB
Most bankers prefer to keep to earlier start date, even though it puts continent out of sync with US.
FRTB forces banks to rethink entire data management infrastructure
Data mapping and getting historical time series data are among the challenges banks face in conducting calculations necessary for FRTB. But they have help.
Tomorrow’s institution cares more about its risk than its performance
Execs from BlackRock, BMO, and Ness Digital Engineering discuss the balancing act of the wildly shifting priorities each of their organizations contend with every day.
Waters Wrap: Numerix, Fincad and the new world of M&A
Anthony says Numerix’s acquisition of Fincad is indicative of where technology development in the capital markets is heading.
Brokers eye regulatory info as growth dataset to ease banks’ compliance burden
For years, inter-dealer brokers have provided price data on the markets in which they broker trades. Now, they spy a new growth opportunity—providing tailored datasets of clients’ trading activity to help them comply with a growing and increasingly…
Big Data Challenges—Unlocking Opportunities for Banks to Rethink Their Data Structures
Revisions to banks’ mandatory capital requirement regulations, to be implemented in a few jurisdictions in January 2023 and globally in 2024, will present these institutions with a massive challenge as the volumes of data they must manage and analyze…
Waters Wavelength Podcast: Bloomberg on FRTB
Bloomberg's Eugene Stern and Brad Foster discuss data challenges relating to the Fundamental Review of the Trading Book (FRTB).
Magnetic tape looks to find a new life at banks in a cloud-based world
IBM, which recently set a new world record for tape storage, says a lot of its financial services clients use the medium for storage as its cheaper and safer than other digital storage options. Others are skeptical of tape’s long-term prospects.
Algorithmics charts new course in year-plus after SS&C acquisition
After eight years with IBM, Algorithmics has grown its staff significantly in the year since SS&C bought the risk analytics provider. The vendor is now taking aim at tapping into SS&C’s roster of buy-side users by embedding with the likes of Advent and…
FRTB–Taking Stock of Where We Are Today
This report distills the new approaches for calculating market risk outlined by the Basel Committee, and how regulators across Asia, Europe and the US plan to roll out FRTB in their markets. In addition, the report includes the inputs from banking…
CanDeal Leverages Canadian Data Pooling Model to Build Data & Analytics Business
DNA will use CanDeal's unique position-capturing data from the country's top broker-dealers to create new data services.
This Week: IHS Markit, Vela, Euronext, ASX, Essentia & More
A summary of some of the past week’s financial technology news.
ActiveViam Embraces Python for its In-Memory Database
The vendor is building off its April release of an enrichment tool for Python notebooks.
Torstone to Integrate Risk Calculations into Inferno
The vendor will add trading position flow and risk calculations to the platform this year, as it continues to integrate functions from recent acquisition Percentile.
Former AppsBroker Exec Sets Up Cloud Data Consultancy
GreenBirch will focus on helping financial firms explore ways to adopt cloud technologies, starting with time-series data management and commercializing internal datasets.
Coronavirus Crisis Highlights Need for More Informed Risk Calculations
Calculating risk sensitivities—the main point of FRTB—took on new importance as the markets dropped amid the Covid-19 global pandemic.
Google Leverages Kubernetes to Help Banks with Risk Models
The tech giant uses open-source tools to help firms ramp up computing power for complex risk calculations.
Scotiabank Turns to Cloud GPUs for Risk Calculations
The Canadian bank has significantly improved the time it takes to run XVA calculations, and has big plans to further expand its XVA cloud GPU program.