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 >>
Ops for New Cap Reqs Could Get Costly
Tier-1 banks face implementations costs ranging from $60 million to $150 million over the next three years as they strive to meet the revised standards for minimum capital requirements for market risk set by the Basel Committee on Banking Supervision, according to a new report from market research firm Celent. “As firms execute implementation efforts… Read More >>
Hellish Stress Tests Will Be Getting Worse
As much as the industry hates them, stress tests to find weaknesses in regulatory compliance are not only a permanent part of the landscape, but they will be getting more difficult, says Cubillas Ding, a research director with the Securities & Investments practice of market research firm Celent. In his new report, “Stress Testing Solutions… Read More >>
FIS Gets a Catapult via SunGard Acquisition
Banking and payments technology vendor FIS has completed its $9.3 billion acquisition of SunGard, marking a new chapter for the technology and services giant with many operations offerings for securities firms. The acquisition “uniquely positions [FIS] to offer a broad range of retail, enterprise and wholesale banking and payments capabilities that will further empower the… Read More >>
Getting Ready for Newly Minted SEFs
The CFTC has today published the final rules for swap execution facilities (SEFs) with the Federal Register, giving swaps dealers and other firms two months to register with the CFTC for approval of their venues for cleared and executed over-the-counter transactions.Most of the new rules will become effective August 5, 2013 and the official compliance… Read More >>
