Blog

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…

Has Margin Call madness highlighted broader failures in the collateral ecosystem?
07/05/2020

As Covid-19 sweeps the world we’ve seen global leaders in ICU, negative oil prices, record-high global debt, record-low interest rates, equity markets in free-fall, F1 teams building emergency medical equipment, and conspiracy theorists out in full force - no doubt there will be geopolitical powerplays going on behind the scenes. 5G towers and Chinese biochemical warfare, I’m not as convinced! And let’s not forget Brexit, the US election and where…

Locked down for 40 days but more connected than ever
06/05/2020

Forty days of lockdown and here we are. The symbolic importance of that number is still debated. Number 40 is at the heart of numerous sacred scripts, very often in the context of judgment, so much that many interpret it as the number of divine intervention or punishment. Number 40 seems to be associated with a period of reflection, maturation succeeding major events, in other words reinvigoration. New lifestyle trends in…

COVID-19 and beyond...
05/05/2020

Navigate the crisis To face covid-19 crisis, many financial firms triggered disaster recovery plans. Due to the lockdown in different countries, they had to cope with an unprecedented way of working, entirely decentralized, with most of the staff working from home. At the same time, both buy side and sell side firms had to manage higher trading volumes due to last months’ markets volatility peaks. Collateral departments have been under huge…

G20 Financial Reform - What's in store for 2020: A South African Case study
04/05/2020

As 2019 came to a close for the financial industry in South Africa, there was an acknowledgement that 2020 could be a year of regulatory change with respect to trade reporting and BCBS/IOSCO. Following the G20 meeting in September, South Africa’s government was keen to promote deeper cross-border economic and infrastructure integration, but also under increased pressure to start taking the necessary steps around regulatory and supervisory policy issues that…

Business – Making the Shade
30/04/2020

With standard daily activities having come to a halt and personal tragedies impacting so many, the COVID-19 crisis has raised questions about how the business world is adapting and how the wheels of industry will continue to turn. There will be changes that reverberate for many years, but today, how are firms planning for the future with regard to financial software solutions? What’s Happening Now? Implementation projects are continuing apace with…

Rethinking the Client Digital Customer Journey – the difference between success and failure
29/04/2020

Following on from previous posts, we now look at ways banking and insurance service providers can set themselves up for post pandemic success, the problems you may find in the new digital first world. Also we talk about how you can set yourselves up for a successful launch if you work with the right technology partner. PROBLEM The current need for staying at home and closure of all but non-essential services, like…

Central Banks responses to COVID-19: Having the right Collateral Management System makes the difference
28/04/2020

As VERMEG mentioned in a previous article published in the Central Banking magazine, Central Banks have been impacted over the past decade by several drivers of change and remain under the constraint of being impacted again at any point as managing uncertainty remains the leitmotif of their activity. Central Banks must be able to respond swiftly to any new change that may impact the economy and must be prepared for all…

VERMEG offers UK Regulatory Reporting service free of charge during COVID-19 crisis
27/04/2020

Further to our announcement last week that we would be making the XBRL Checker service available free of charge during the COVID-19 crisis. VERMEG is now also offering a Cloud Based Regulatory Reporting service free of charge for firms that may need assistance with their reporting in the ongoing situation. AgileREPORTER Cloud will allow UK firms to create, validate and submit the full range of Statistical, Capital and Liquidity returns using a…