Summary The Federal Reserve Bank (the Board) has proposed a new report to collect detailed data on an institution’s daily trading transactions of markable U.S. Treasury securities, debt and mortgage backed securities (MBS) issued by U.S. federal government agencies and government sponsored agencies (FR 2956). Every national bank, state member bank, state non-member bank, saving association or U.S. branch and
Digital Apps to the rescue of operational efficiency – Collateral Management Financial institutions (FIs) have invested heavily in collateral management technology during the last decade. It was driven by the regulatory push following the 2008 financial crisis and the simplification of IT legacy stacks to achieve further efficiency dictated by a New Normal of ‘how to do more with less’.
Protecting People’s Health and The Economy: Was it a trade-off? In response to the pandemic, some governments resorted to herd immunity to stave off the societal and ultimately economic impact that a more stringent reaction to COVID19 might bring. An assumption behind the varying approaches appeared to be that there was a choice between a rock and hard place: Close
The migration to ISO 20022 MX payment messaging is set to reshape the payment industry and is recognized as the worldwide standard for the future. Many countries are in the process of migration their infrastructure systems and all the financial institutions have initiatives with the highest priority. The standard FIN messages in place today restrict the potential of digitalization, automation
The impact of Covid-19 and the impact on our ways of working, communication and engaging have been well commented on. Multi-year roadmaps for Digital Transformation programmes have been compressed and these change programmes have been promoted up the priority queue. I was just reading about a Tier 1 bank hiring digital specialist executives from challenger banks to accelerate their move
Les contrats d’assurance vie à taux garanti (fonds Euro en France, branche 21 en Belgique, fonds à taux garanti au Luxembourg, …) connaissent une érosion du taux de rendement qui s’explique par une décennie de taux d’intérêt bas (voire négatifs). Ces taux bas sont une tendance de fonds, visiblement inexorable depuis la crise de 2008 et cette tendance a été
Investment Firms Prudential Regime (IFPR) – What does it mean for UK Investment Firms? What is IFPR? The IFPR (Investment Firms Prudential Regime) is an initiative by the UK regulator to tailor capital requirements, consolidation, liquidity requirements among other areas, together with the associated regulatory reporting currently served by COREP, to a model that more appropriately reflects the activities of
Making the Shade – revisited Last April, as the COVID crisis was reaching a peak in New York City, I wrote a blog called “Business – Making the Shade” which looked at how firms in our vertical were reacting in the early days of the pandemic. What I saw was that business was continuing, that firms in our space (clients and
How to leverage UMR compliance to achieve genuine transformation The regulatory push of the last decade has shaped the collateral space in a way that promoted the emergence of many service providers in collateral management in general and regulatory compliance in particular. Typically, financial institutions in scope for UMR waves 5 & 6 need to define their collateral and liquidity
