• Risk Management

      • The U.S. General Accounting Office to the Committee of Financial Services criticizes regulators and financial-services firms for falling short in disaster-recovery procedures; Kamakura releases a new version of its Kamakura Risk Manager application; Mark-It-Partners releases an integrated daily-pricing service for global credit derivatives and cash credit instruments.
      • BoNY introduces a collateral-management service; FaceTime Communications launches its IM Auditor Enterprise product; Kiodex releases an enhanced version of its Kiodex Risk Workbench platform.
      • Bluewave launches a compliance asset tracking system to help firms meet regulatory requirements; UTI Bank implements Credence Analytic's iDeal treasury and risk management solution.
      • Some of the largest Wall Street firms have been fined for having insufficient e-mail preservation procedures. Here are some ways to make sure it doesn't happen to you.
      • Gerry Wilkinson is appointed manager of Raft International's Radar operational-risk product suite; Kamakura shifts management positions, naming Warren Sherman as president and COO.
      • E-portals releases its x-Treasury trading, treasury and risk system; MB Risk Management buys the rights for the entire software intellectual property of Cygnifi Derivates Services; The American Bankers Association creates an Operating Risk Committee to help bankers reduce losses and comply with the proposed Basel II requirements.
      • Barra acquires all outstanding shares of Financial Engineering Associates in a $21.25 million cash deal; Pacific Coast Bankers' Bank launches a risk-rating system to help financial institutions; GNI Fund Management selects SunGard Trading and Risk Systems' Panorama for portfolio management.
      • Merrill Lynch signs on to implement IMlogic's IM Manager software for the management and archiving of instant messaging across the firm; The Risk Management Association and Automated Financial Systems to provide independent, external benchmarking for commercial lending risk exposure; Information Builders partners with Knowco to launch an anti-money laundering solution for the financial-services industry.
      • The threat of cyber-terrorism has firms spending precious dollars on anti-virus and intrusion-detection software.
      • According to the SIA and BMA, a recently released white paper on business-continuity planning should go back to the drawing board.
      • Societe General purchases a system from Asset Control for the management of instrument reference and market data supporting its capital markets operations; Lipper acquires the operations of Capital Access International; S&P's CUSIP Service Bureau provides users with a link for up-to-date valid CUSIP numbers for mutual funds and money funds.
      • Algorithmics and Bloomberg launch Algo Data Loaders for Bloomberg Data for Algo Suite customers; AXA Investment Managers license Sophis' Value Front and Middle office fund and risk management solution in its Structured Asset Management division; Synergy Asset Management licenses COR Risk Solutions' BITA Research and BITA Risk Modeler.

Thought Leaders

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