February 18, 2013 - Major banks could be forced to markedly increase the amount of capital they hold against their trading assets, it has emerged.
February 18, 2013 - OpenGamma, creators of the first open source analytics and risk management platform for the financial services industry, today announced it was shortlisted for "Risk Management Software of the Year" in the 2013 FStech Awards. Now in its 13th year, the FStech Awards recognize excellence and innovation in the field of information technology within the UK and EMEA financial services sector.
February 13, 2013 - Today Wolters Kluwer Financial Services announced that Fireman's Fund Insurance Company has chosen its NILS INsource and NILS INcompass offerings to help monitor and implement regulatory changes.
February 14, 2013 - US President Barack Obama has signed a cybersecurity executive order designed to improve collaboration and information sharing between the government and critical infrastructure providers such as banks.
February 14, 2013 - The 2007-2009 financial crisis has been associated with large economic losses and increased fiscal challenges. Studies estimating the losses of financial crises based on lost output (value of goods and services not produced) suggest losses associated with the recent crisis could range from a few trillion dollars to over $10 trillion.
February 14, 2013 - Threats to systems supporting critical infrastructure and federal operations are evolving and growing.
February 12, 2013 - Banks based in the European Union (EU) may be required to comply with a key aspect of the Basel III regulations before their counterparts elsewhere across the globe.
February 12, 2013 - SimCorp, a leading provider of investment management software and services for the global financial services industry, has released SimCorp Dimension version 5.3. Included in the many new and enhanced features and functionality across the enterprise-wide system are: reverse stress testing providing increased risk management, collateral substitution enabling better forecasting and improved control, as well as multiple hierarchies allowing for separation of compliance information.