senior vice president, Astec Analytics, SunGard’s capital markets business
Contributor: David Lewis
A version of this article originally appeared in Securities Lending Times.
The term “copper-bottomed” refers to something trustworthy, strong and dependable, something with a firm foundation you could rely on. The phrase originated in the 18th century when it was discovered that a copper covering on the underside of a ship prevented rotting and prolonged the life of the ship, presumably boosting the returns to the ships’ owners. It must have seemed a miracle cure in those times, but in more recent times, our fondness for copper has fluctuated.... read more
Contributor: Paul Moffat
A version of this blog post was originally covered by GTNews.
Significant change has been seen in global markets since the financial crisis.
In many markets, the reliance on traditional asset classes like FX, money markets and fixed income as drivers of profitability continue to deliver, but the search for yield drives an increasing appetite for more complex structured products that can deliver a higher margin for treasury businesses.... read more
Contributor: Daniel McNavich
This blog post originally appeared on DerivSource.
It goes without saying that global regulations have brought about increased challenges and costs associated with the use of collateral. The ability to pool collateral assets and prioritize asset utilization is an integral part of a firm’s success today and into the future, as regulators are changing the game when it comes to capital requirements. With regulations driving change, the industry is experiencing increased initial margin (IM) requirements, mandatory clearing of over-the counter (OTC) derivatives, and increased segregation of collateral assets, creating an expensive and fragmented new model.
Buy-side firms across the industry are being forced to reconsider how they use collateral and are determining how they will meet the demand for increased levels of high-quality collateral while navigating the liquidity concerns they now face. While some buy-side firms that use derivatives as a daily business activity understand the value of using collateral efficiently, many others that use derivatives on either a smaller scale or that plan on using derivatives at some point into the future have not yet fully embraced the opportunities of using collateral to help drive added revenue and increased efficiencies.... read more
vice president, risk solutions, SunGard's capital markets business
Contributor: Marcus Cree
Established in 1903, ostensibly to sell a cycling based sports-paper, L’Auto, the ‘Tour De France’ has become the annual pinnacle in sports endurance, teamwork and strategic planning. At its inception, teams were actively discouraged as originally tour organizers fought to maintainits status as the ultimate test of each individual’s will and determination. This was a short lived battle though, and being a member of a well-organized team became the only way to take on France’s grand tour by the early twenties.
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Contributor: Harry Stahl
This article first appeared in ISS magazine Transparency has been a watchword in alternative investments for a number of years now. Investors have been demanding to know more and more details about their portfolio constituents, valuations and manager performance. And of course regulators have been casting an increasingly penetrating eye on how alternative investment firmsread more... read more