Blog

Looking Back, Looking Forward - Janus
10/11/2020

Pessimist: “It can’t get any worse than this!” Optimist: “Sure, it can.” Even in these days of raging pandemic, it’s important to look ahead and prepare in advance. For that, it’s necessary to assess the current circumstances based on the challenges that have been overcome and use the experience to adjust the way forward. It is this sense of calm and confidence that the Federal Reserve tries to project, a learned stance…

Life and Pensions Software Solutions – Which Direction is Your Digital Transformation Taking You?
02/11/2020

In today’s post-Covid digital age, customers are more demanding and tech-savvy than ever. Insurance companies will only survive if they can respond to this digital demand. But how can they bring digital technologies to existing and new customers when there is often a lack of innovation investment? Legacy systems may not be able to support digital business, but should they be modernized or replaced? And what about the risk involved with…

Change - An opportunity for Transformation
21/10/2020

Change is the only constant in life – Heraclitus Sometimes it is subtle, like the gradual shortening of daylight from summer to autumn. Once in a lifetime (hopefully), it is driven by a global pandemic that affects the entire population, presenting unforeseen social, economic and operational challenges to both work and personal lives. Likewise in the collateral world, amidst the steady journey of complying with regulatory reform (Basel III, Mifid, UMR),…

5 reasons your stakeholders need a digital portal - today!
21/10/2020

In the news recently, there has been a lot of change in how secure the public is feeling about their personal and workplace retirement funds, long term savings and other investments. A recent study by Aviva stated that 21 percent of non-retired people in the 45-60 age group were not doing anything to strengthen their retirement income. This represents an opportunity for companies to engage with their employees and for…

Collateral management update from Basement Headquarters
24/08/2020

The global pandemic has completely changed the way collateral management professionals conduct business. The all-remote work environment has altered the typical fintech project. While many of these changes have been difficult at times to manage for both the client and the vendor, the work-from-home model has allowed additional flexibility, benefiting upgrades and implementations. As we look forward to some type of return to work “normal” in the coming months there…

U, V, or W, what shape will the recovery be?
27/07/2020

In March, when it became evident that the COVID event was disrupting U.S. economic activity, the Federal Reserve (the Fed) conducted a sensitivity analysis (Assessment of Bank Capital during the Recent Coronavirus Event, June 2020), based on a set of scenarios that are more dire and stressful than were implied by then current economic and banking conditions.  For example, it projects a much deeper recession in the second quarter of…

The Shareholder Rights Directive II due to go live on the 3rd of September 2020
07/07/2020

SRD II won’t be postponed! The verdict came from the European Commission earlier this month! Despite the joint letter sent by several post-trade groups and the call to postpone the deadline of SRD II and the Implementing Regulation, the European Commission decided earlier this month to go ahead with the implementation of the directive as originally planned this year on the 3rd of September 2020. “We ask you to consider, as a…

Between the Devil and the deep blue sea
01/07/2020

When it comes to Digital Transformation, the perceived risk for banks and insurers is on one side, eternal damnation for trying, or on the other drowning because they did nothing. 100% Digital challenger fintech brands do not have this issue, but they are struggling to gain market share and move into profitability, because customers are for the moment loyal to the brands they know and grew up with. For the…

Does liquidity scarcity exist, or do you just have to know where to look?
11/06/2020

Collateral Management Question Series It certainly exists as UMR represents a regulatory landscape, the likes of which have never been seen before, which has the collateral pool shuddering at the concept of an unprecedented demand for collateral comprised of high-grade assets and an increase in haircut provisions. While it is noted that increased collateral requirement in the market means greater safeguards against default, conversely, the ever-increasing demand for high-grade collateral also…

EBA introduces new reporting and disclosure templates for June 2020 submission
11/06/2020

The EBA announced on the 2nd June 2020 guideline on “reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis” Published article can be found here.   Why: In response to the need to address negative economic consequences of COVID-19 pandemic, the European Union (EU) and Member States have introduced a wide range of mitigating measures to support the real economy and the financial sector.…