senior vice president, Astec Analytics, SunGard’s capital markets business
Contributor: David Lewis
Charged by the European Central Bank with writing new short selling regulations, the European Securities and Markets Authority (ESMA), is in a rush. And the need to write these regulations quickly poses potential risks of creating unintended consequences for the wider securities lending market.
ESMA is looking to ensure that there is no naked short selling in the market and to improve market settlement rates and efficiency. Sounds like a good thing, right? On the surface, yes. However, the regulations as proposed could create new costs that outweigh the potential benefits of the safeguards the ESMA aims to introduce. The situation is not unlike limiting a racing car to 5 mph to make sure there are no accidents – it has the desired result but conflicts with the original purpose.... read more
senior product specialist, SunGard's banking business
Contributor: Wayne Riches
Want to start a hedge fund? It’s easy right? You open an office in Mayfair, employ some of best talent in the industry and get trading. So how difficult can it be? It’s a topic I have debated over with friends and colleagues alike. The Dodd-Frank legislation is causing the winding down of proprietary trading desks across the board and is presenting new opportunities to the traders this has left behind.... read more
head of strategy, Asia Pacific, SunGard's asset management business
Contributor: Mark Wightman
The much talked about rise in CoCos or Contingent Convertibles is a way for banks to raise capital and improve Tier 1 capital. These high yielding bonds convert into equity below some trigger linked to worsening financial circumstances, whether that be a specific share price fall, a Basel 2 or 3 (depending on timing) breach in Threshold capital or public sector support. Whilst the terms are not yet standardized, we have seen recent successful issues by Lloyds and Credit Suisse and last week we saw Barclays and HSBC advise on the new Bank of Cyprus structure.... read more
senior manager, SunGard Global Services
Contributor: Max Dufour
The SEC went through a re-organization of its Enforcement Division, which had not happened for more than 30 years. The Division of Enforcement has realigned its 1,100 employees within five National Specialized Units and is expected to scrutinize asset managers and investment advisers. To fulfill its mission, the SEC will rely on enhanced investigative approaches and technology. It will also rely on its new Office of Market Intelligence to investigate tips and complaints.... read more
Contributor: John Avery
2010 is shaping up to be an active year for those of us involved in the intersection of financial services and technology. The global economic crisis has cut spending to all-time lows in 2008 and 2009, particularly in financial services, and yet technical innovation and emerging technologies continue at a brisk pace.
The following are a list of “tweets” published on Twitter on Tuesday, December 15th. These “10” topics for “2010” hint at some of the hottest opportunities we see coming in 2010. We’ve aggregated them here with additional commentary and would love to hear your comments and feedback. The original twitter stream can be seen by searching for #ten10... read more