(Editor’s note: Volatile global markets are becoming the norm for 2018 and as yet there isn’t a consensus on the underlying reasons. Many industry observers are predicting that there will be more corrections to come as inflation and interest rate increases worry investors. Whatever the actual causes, there have been moments of turbulence that are… Read More >>
Firms Need Multi-Disciplinary & Complex IT Responses to Sanctions
World events are hitting home for financial services firms as the Obama and Trump administrations have been steadily issuing a growing list of complex economic sanctions against countries that have been hotspots across the globe, including Venezuela, North Korea, Cuba, Iran, Ukraine, Russia, and Syria. These sanctions are compelling firms to formulate multi-disciplinary responses and… Read More >>
Deutsche Bank, Credit Suisse Deals May Mark the End of an Era
Deutsche Bank and Credit Suisse Group struck end-of-year, billion-dollar deals with the Obama administration over cases involving toxic securities and fraud allegations, perhaps signaling the end of the era of Big Settlements. As has been widely reported, Deutsche Bank agreed to a $7.2 billion settlement with U.S. authorities while Credit Suisse is going to pay… Read More >>
Firms Could See Stormy Weather in 2017
(In this second installment of predictions [click here to read the first installment and here for the third installment], FTF News is reviewing the predictions made about the investment outlook for 2017 and the cloud and digital technologies that may help firms cope with what will likely be an interesting year. The final story in… Read More >>
Cloud Computing Gets a Second Chance
Cloud computing is hitting paydirt among buy- and sell-side firms in capital markets as firms face increasing cost pressures, compelling them to rethink the unthinkable. The cloud has been rapidly gaining ground over the last year to 18 months, according to research and advisory firm Celent, a division of Oliver Wyman, in its new report,… Read More >>
Vendors Prepare Solutions to Help with FRTB Capital Requirements
Capital requirements for many financial services firms will be changing because of the forthcoming fundamental review of trading book (FRTB) process, courtesy of the Basel Committee on Banking Supervision (BCBS). The capital regulations via the FRTB will serve as the next big step in compliance after the recently delayed push for the Markets in Financial… Read More >>
FRTB Projects Could Spur Ops and IT Overhauls
(Editor’s note: The Basel Committee has set forth what has become known as “the fundamental review of trading book [FRTB] capital requirements.” The new regulation is changing the capital framework for banks and is an attempt to strengthen capital standards for market risks, according to the backers of FTRB. Subsequently, financial services firms have been… Read More >>
‘Trump’-ing Dodd-Frank Would Be a Huge Effort
(Editor’s note: President-Elect Donald J. Trump and his new administration will be juggling many new policy issues, including changes to the financial services reform efforts that began under the Obama administration. In this first part of a two-part series, FTF News has asked industry analysts what market structure changes they think may come from the… Read More >>
Global Uncertainty Boosts Profits for U.S. Banks
U.S. banks enjoyed a bumper crop of results during the third quarter thanks to volatile conditions in fixed income trading. While some attribute the healthy performance to the so-called Brexit bounce, others point to a wider range of factors behind the better-than-predicted numbers. Analysts had forecast a downbeat earnings season for the U.S. banking sector,… Read More >>
Elizabeth Warren Asks Obama to Fire SEC Chair
A lightning rod for the financial services industry, U.S. Senator Elizabeth Warren (D-Mass.), an outspoken critic of Wall Street, is taking on Mary Jo White again, and has asked the Obama White House to fire the head of the SEC because of Warren’s concerns about public companies disclosing political contributions. In her recent letter to… Read More >>
