Contributor: Luc Belpaire
3SKey is a service offered by SWIFT to banks and their corporate customers. The service provides banks with a mechanism to authenticate files coming from their corporate customers via electronic banking channels. It also enables banks to validate that the sent files are signed by the authorized individual(s).... read more
Contributor: Eileen VanScoy
Extensive post-mortem analysis of the 2008 financial meltdown highlighted a number of shortfalls in financial organization’s regulatory and customer reporting. Inconsistent and complicated data models, coupled with data pulled from many platforms or manually prepared, hampered regulators in fulfilling their oversight duties. Consumers contended that they lacked adequate access to the data required to understand the financial information or choices presented to them.... read more
Contributor: Dave McConkie
In December 2008 my neighbor, who was turning 60, announced that his 401(k) was struggling and he was getting very nervous about his ability to retire. I asked how diversified his portfolio is, expecting to hear something along the lines of 50% stocks, 40% bonds and 10% cash. His response shocked me: “I currently have 100% of my 401(k) in a REIT Index Fund.”... read more
Contributor: David Renz
Of course we should (says the mainstream economist). Moderate levels of inflation (2 percent) may be acceptable for they help greasing the wheels of an economy. But, as soon as inflation hovers around the 5 percent level for a prolonged period of time, its true nature becomes evident. Given that we are slowly ridding ourselves from the shackles of a terrible recession, this is all the more worrying because central banks have tried to mop up the mess by injecting unprecedented amounts of liquidity into the system. If withdrawal of these funds comes too late in an eventual recovery, we may be facing an inflationary episode with levels well above what we have witnessed during the period of relative calm since the early 1980s. But even without a proper recovery, commodity prices surging ahead of an obvious cycle could trigger stagflation, i.e, rising inflation without sizeable growth to go with.... read more
Contributor: Tony Scianna
In recent conversations about siloed data and risk management, I have heard the words, “mythical,” “cynical,” and “perils.” Not exactly a bright outlook on the topic. However, from what I have seen from our customers and the latest publication from the Senior Supervisors Group, skeptics may be changing their tune, because firms are taking steps in the right direction.... read more
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