Hand Trapped

Could Poor Op Risk Management Spur Another Financial Crisis?

Poor operational risk management related to the origination and securitization of mortgages played a large but often overlooked role in the Great Recession. Now, eight years on, industry observers are split over whether the financial services industry has learned its...

SS&C: ‘Sunsetting products upsets your client base’

Editor’s note: Earlier this month, SS&C Technologies, which offers financial services firms software and software-enabled services, completed its $2.63 billion acquisition of Advent Software, a vendor of software and services for investment management firms. Advent has more than 4,300 customers...
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DTCC Takes Aim at the Roadblocks to Data Transparency

Increasing the transparency of the global financial system was one of the major goals of the G20 framework that followed the Great Recession and led to major financial services reform legislation like the U.S’s Dodd-Frank Wall Street and Reform Act....
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SETL Jumps Into Blockchain Race

There’s a new contender in the race to bring Blockchain technology to bear on the financial world’s post-trade infrastructure. SETL, a new startup, announced Monday that it plans to begin marketing a multi-asset, multi-currency institutional payments and settlements infrastructure based...

Citi’s Performance Expert Explains Ex-Ante & Ex-Post Risk Analysis

Shankar Venkatraman, director and global head of performance, risk analytics and compliance at Citi, speaks with FTF News about the basics of risk analysis. Venkatraman says both ex-ante and ex-post risk analyses are powerful tools, and that firms should strike...

New Securities Lending Regime Spurs Rejection & Acceptance

Securities lending is changing, as new regulatory pressures cause firms to reevaluate whether the activity — formerly a safe, easy way to make a few basis points — is still worth the trouble, according to a new report from securities...

Massad Reinforces CFTC’s Push for Margining Uncleared Swaps

Five years after the onset of the Dodd-Frank Act (DFA), CFTC Chairman Timothy G. Massad outlined last week the regulator’s next phase in the DFA rule-making process, which will include margin collection for uncleared swaps, stress tests for clearinghouses, a...
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Nasdaq Launches Energy Derivatives Marketplace

The U.S.-based Nasdaq Futures, Inc. (NFX), an energy derivatives trading platform, has launched today, according to Nasdaq. The platform will start off by offering futures and options on oil, natural gas and U.S. power benchmarks, with a fee holiday for...

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Eugene Grygo

Bridging the divide between the official story and what is really happening.

  • FATCA Faces Lawsuit, Taxpayer Advocate’s Criticisms

    As I expected, the Foreign Account Tax Compliance Act (FATCA) and its related controversies have not gone gently into that good political night. For starters, Republican U.S. Senator Rand Paul from Kentucky is part of a legal battle, filed this…
  • Some Upsides from the NYSE Trading Halt

    As of this posting, the New York Stock Exchange (NYSE) has resumed trading in equities and my heart goes out to those working in operations and IT at affected firms. These Ops foot soldiers will have to reconcile, track, record…

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  • What Does a New FTF Website Mean for Our Readers and Clients?

    Fri, 15 May 2015 13:31:53 +0000

    Maureen Lowe, Founder and President of FTF,  discusses what the new, upcoming website means for our readers and clients. The new site is scheduled to go live Q3 ’15.
  • How Should the NY State Government Spend its $5 Billion Surplus from Wall Street Fines?

    Thu, 05 Feb 2015 14:15:12 +0000

    We have the results to our most recent Finger on the Pulse poll. Our FTF News editor, Eugene Grygo, recently posted a Minding the Gap column Can Good Come from the Sins of Wall Street?, where he discussed the fines imposed upon … Continue reading
  • FTF News Video: How to Build a Robust Op Risk System

    Wed, 04 Feb 2015 14:30:44 +0000

    CIT’s head of Op Risk discusses novel ways to improve surveillance and launch initiatives with FTF News editor, Eugene Grygo at the recent OpRisk New York 2014 conference in November. Prasad Kodali, head of operational risk at CIT, is leading … Continue reading
  • Can Good Come from the Sins of Wall Street?

    Fri, 23 Jan 2015 15:44:08 +0000

    January 20, 2015 by Eugene Grygo (Contribution from Minding the Gap, a blog by FTF News editor, Eugene Grygo.) Thanks to the fines imposed upon Wall Street and insurance firms for their sins during the Great Recession, the New York State … Continue reading