Blog

What are the key challenges that organisations would face when implementing a centralised collateral management infrastructure?
28/05/2020

Collateral Management Question Series For years many firms have considered the move away from siloed processes. However, often such implementations can be costly, time-consuming and turn into multi-year projects. Many institutions still have antiquated infrastructures and internal data issues. Data quality and availability are a real issue throughout the industry and often represent the greatest risk to an organisation’s ability to operate a centralised collateral management infrastructure. Fortunately there are fintech…

VERMEG enhances XBRL service provided free of charge during COVID-19 crisis
27/05/2020

Building on last month’s announcement of the offer of a free of charge XBRL Checker for COREP, FINREP and PRA, we have now added the PRA 110 to this service with immediate effect. The 110 is probably the most complex and comprehensive of the PRA’s Regulatory Returns and this addition will provide significant value to anyone needing to visualise and validate their XBRL files before submitting to the Regulator. VERMEG’s XBRL…

Digital Innovation – from a “nice to have” to a “must have” for businesses in Latin America to survive
26/05/2020

During the past few weeks, you might have already asked yourselves a number of questions if your company is living up to the expectations of the new digital world. Regardless of the industry you operate in, questions like the below may keep you up at night: Is my company progressing with its Digital Transformation projects or is it struggling to keep up with the evolving digital offering competitiveness versus Time to…

4 regions, 4 views, on the world post covid-19: Europe
21/05/2020

Depicting the impact post-Covid-19 in Europe As the measures are lifted and the end of the confinement begins to take effect across European countries, many editorial writers are debating the rebound and the need to look ahead towards the post-pandemic period. They also say, "there will be a before and an after". This puzzles me and raises a number of questions. Defining the "before" on a timeline is rather easy: it…

4 regions, 4 views, on the world post covid-19: UK
20/05/2020

“Music concerts with Micrashells – is this the way forward for financial advisors?” Maintaining the Adviser and Customer personal relationship. Face to face is obviously always going to be the best option; sadly, with social distancing, we have to come up with the next best thing. Could this be it? Is there life on Mars? A new way of meeting face to face – How about the Micrashell Hazmat Suit as reported by Billboard,…

4 regions, 4 views, on the world post covid-19: North America
19/05/2020

“Due to the Mayors (sic) decision, we are closed until further notice” March 22, that’s when it really hit home. I had decided to walk from the office rather than risk the crowded subway home. In the doors and windows of bars and restaurants was a version of the same message “Due to the Mayors (sic) decision, we are closed until further notice”. Though my office had already offered everyone the…

4 regions, 4 views, on the world post covid-19: Latin America
18/05/2020

Sometimes it looks like we are on the set of some science fiction movie. Bright sunny days with empty beaches. People wearing masks, few cars on the streets, everything is closed. The health crisis is on its peak here and we can see on our daily routine how this is leading to an economic crisis. Several movements have taken place on the streets protesting against the governor´s measures. From the…

Postponement of the ISO20022 for X-Border Payment and the COVID-19 crisis
14/05/2020

Did that get your attention? The ISO20022 implementation for cross border payments has been delayed, but not due to the coronavirus crisis. It could, however, be impacted. SWIFT cancelled SIBOS this year due to COVID-19, but the decision to postpone the go-live of ISO20022 for cross border payments (MT Categories 1, 2 and 9) from November 2021 to the end of 2022 (note that no specific date has been announced), is essentially…

Banking, Regulation and Covid-19: (Stress) Testing Times
13/05/2020

They say all good things must come to an end eventually. After more than 10 years of sustained economic growth and steadily rising GDP across Europe and the rest of the world, that end has come in a dramatic way this year. To say I would have been shocked if anyone had of predicted that in 2020 we would see a third of the global population on lockdown, the largest…

Are you stockpiling or using your assets efficiently?
12/05/2020

At VERMEG we believe that optimisation solutions should be tailored to different market sectors. Different organisations have varied drivers and priorities depending upon their size, their strategy and the legality of pooling assets across multiple entities or funds. Each organisation must set its own goals in relation to what it wishes to accomplish, whether this is the maximising of efficiencies, increase in savings or the drive for revenue opportunities. To some…