Financial Services

Risk and Regulatory Reporting: Centralisation is Not the Answer

Risk and Regulatory Reporting: Centralisation is Not the Answer

In this article, Mike O’Hara, publisher of The Trading Mesh, talks to Steve Willson of Violin Memory, KPMG’s Steven Hall and Rick Hawkins, Stream Financial’s Gavin Slater, and Ash Gawthorp of The Test People, about how banks should evaluate centralised versus federated approaches to intensified post-crisis risk and regulatory reporting requirements.

 

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BCBS239: A Bad Case of Deja Vu

BCBS239: A Bad Case of Deja Vu

 

On 23rd January 2015 the BIS published its progress report on BCBS239 Principles for Effective Risk Data Aggregation and Risk Reporting. This progress report was striking in a number of ways; first, despite a significant investment there was only marginal improvement in the banks assessment of their ability to meet the principles and worryingly in some cases banks reported a downgrade of their abilities. Second, banks' failure to recognise the fundamental importance of governance and architecture in ensuring overall compliance with all the principles, leaving significant reliance on manual processes and workarounds.

 

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Banking is Dead, Long Live Banking

Banking is Dead, Long Live Banking

Banking is dead, well at least it is in its current form.  The global banking model will be replaced by technology that connects global clients to local banks and their sources of liquidity in local currencies.  The wave of  new Fintech firms, who understand that most of banking is about being the middle-man and facilitating buyers and sellers in the most efficient way possible, are ideally placed to be at the front and centre of this revolution.  These new Fintech firms have realized that technology is able to fulfill this middle-man role far more efficiently than humans.

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The Wrong Balance?

The Wrong Balance?

Following from my previous post on the IT spend in large banks, I suggested that too much spend was focused on the new capital adequacy measures, in particular Basel 2.5 and Basel 3, at the expense of spending on improving risk infrastructure at a more basic level, such as simplifying the dizzying number of duplicate systems and focusing on data quality issues. So how did we get into this mess?

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About Stream Financial

We enjoy those intractable business problems you hate. We employ our experience and leading edge software solutions to help your organisation realise it’s full potential. Our approach is widely effective for business processes across all organisations and business sectors.


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