SunGard
FNX adds real-time portfolio risk monitoring
Risk technology company FNX has added a real-time ‘treasury blotter’ to measure portfolio risk to its Sierra risk system.
Sponsor's article > Basel backlash: the summer of discontent
Regulators in the United States have been voicing their concerns about Basel II for some time. But now banks elsewhere are also opposing some of the proposals.
Sponsor's article > Reason for hope
One disappointing aspect of the Basel II deliberations has been the lack of any proposed change in the treatment of counterparty credit exposures. David Rowe argues that recent dialogue between the Basel Committee and industry representatives offers hope…
PNC selects SunGard asset/liability tool
Pennsylvania-based PNC Financial Services Group (PNC) is set to implement SunGard Trading and Risk Management's BancWare Convergence product for asset/liability and balance-sheet management.
System-ready for Sarbanes-Oxley
Energy companies are not alone in having to review their operations to comply with the Sarbanes-Oxley Act. Energy software suppliers, too, are looking at their systems, although most are confident they are already well prepared, finds Clive Davidson
WestLB dumps top systems for Summit
The global financial markets group of Düsseldorf-based Westdeutsche Landesbank (WestLB) has selected New York-based transaction processing technology company, Summit Systems, for a major consolidation of its systems environment. The integrated system…
Sponsor's article > The operational risk pyramid
The extremely heterogeneous character of operational risk often makes discussion of it appear fragmented and unstructured. David Rowe proposes one possible paradigm for organising our thinking on various aspects of this increasingly important topic.
Commerzbank selects SunGard’s Credient Analytics
Commerzbank has selected Credient Analytics, the credit analytics service provided by SunGard Trading and Risk Systems, to handle investment banking credit exposure.
Front to boost product development with new hire
Front Capital Systems, a Stockholm-based operating unit of Pennsylvania-based technology company SunGard, has appointed Mats Lillienberg as chief technology officer in a bid to expand its product development.
Sponsor's article > The point of op risk
The inclusion of an explicit operational risk component in the proposed Basel II Capital Accord has caused widespread controversy. Much of this has surrounded the feasibility of accurately measuring, or even defining, such risk. In this first of three…
Mizuho selects FNX for interest rate derivatives processing
Japan’s Mizuho Bank has licensed FNX’s Sierra System for use in processing interest rate futures and options.
Sponsor's article > Operational Risk and its impact on Investment Managers: A system solution perspective
Operational risk is a major issue for investment managers due to advances in back office automation and increased outsourcing.
Keeping up with the markets
Technology
SunGard upgrades ALM tool
SunGard Trading and Risk Systems, an operating group of US technology company SunGard, has released a new version of its asset and liability management (ALM) software, BancWare Convergence.
FNX opens South-east Asian hub
FNX, the Pennsylvania-based risk management software company, has established a regional support centre in Bangkok, Thailand.
Sponsor's article > Basel II much?
US regulatory authorities are considering allowing smaller banks exemption from Basel II. But who would gain from this - and who would lose? Alan Bright, marketing communications manager at SunGard Trading and Risk Systems, takes some soundings.
SunGard snaps up Reech Capital
US technology company SunGard has acquired Reech Capital, a London-based risk pricing, validation and portfolio valuation technology company. The move is the latest instalment in SunGard’s acquisition spree aimed at making the Pennsylvania-based company…
SunGard to help Irish companies comply with Basel II
SunGard Trading and Risk Systems, an operating group of US technology company SunGard, has teamed up with Dublin–based software services consulting company Client Solutions to help banks and non-financial institutions across Ireland meet regulatory and…
SunGard to help Irish companies comply with Basel II
SunGard Trading and Risk Systems, an operating group of US technology company SunGard, has teamed up with Dublin–based software services consulting company Client Solutions to help banks and non-financial institutions across Ireland meet regulatory and…
Sponsor's article > Is 8% for all seasons?
Considering the potential pro-cyclical impact of Basel II and the limited effectiveness of countervailing influences, David Rowe concludes that making the 8% ratio of capital-to-risk-adjusted-assets a discretionary policy variable should be part of the…
The consulting conundrum
Gone are the Y2K days, when consultancies could exploit their strong positions and bill their clients big money for questionable services. The roles have been reversed for financial services firms, and consultancies are having to back up their ‘smoke and…
SunGard upgrades Monis Convertibles with new credit hedging tools
SunGard Trading and Risk Systems, an operating unit of SunGard, has added a credit hedging module to version 5.0 of Monis' Convertibles XL 5.0, the latest version of its spreadsheet-based pricing, analysis and hedging software for convertible bonds and…
ABN Amro selects SunGard’s Credient
ABN Amro has signed up to use SunGard Trading and Risk Systems’ credit portfolio analysis and counterparty exposure tracking system, Credient, for global credit risk management and control. The Dutch bank will use Credient for trading portfolio credit…