head of research, APT, SunGard’s alternative investments business
Contributor: Laurence Wormald
The post-crisis business environment poses new challenges for risk management. Buy-side firms are faced with a risk challenge trio – the emerging regulatory regimes and the interconnectedness of financial markets in the form of liquidity risk and counterparty risk. Recently we conducted our second annual global risk management survey with the Professional Risk Managers’ International Association (PRMIA). Compared to last year’s survey, the focus on risk regulation has increased and it is now top of risk managers’ priority list. ... read more
Contributor: Dave Zdechlik
I’ve spent much of the past month reading dozens of “Predictions for 2013” articles, including those on what the stock market will do, business intelligence trends, social media predictions, even forecasts for the sports world. After all this reading, I’ve come to one conclusion: no one really has a clue what’s going to happen in 2013, just like no one could have predicted the biggest events of 2012.... read more
Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
Q: Recent news of market abuse in the UK gas markets has brought energy industry regulations – and particularly REMIT – into the spotlight. Will REMIT really help to stamp abuse out?
A: Like any regulation, there's never a guarantee to stamp abuse out. But what we can do is learn from the experience of the financial markets where the Market Abuse Directive that was implemented several years ago took time to bed in. REMIT prohibits certain activities that were not explicitly prohibited beforehand, and the regulator has more power to intervene in such a case.... read more
Contributor: Dave Zdechlik
During the recent iWorks Summit client event at the Phoenician Resort in Scottsdale, Arizona, it occurred to me that our thought leadership efforts are resonating with clients. Thanks in part to our work in webinars, in regulatory review sessions, and in thought leadership articles and blogs, our clients are becoming keenly aware of the Solvency Modernization Initiative (SMI) and the impact it may have on their businesses. What they might not know is how the SMI came to be, and the specific actions the National Association of Insurance Commissioners (NAIC) is reviewing.... read more
principal, consulting services, Investran, SunGard's asset management business
Contributor: Jason Haft
Fund managers have had to cope with a barrage of new regulatory challenges since the start of the financial crisis, yet one mandate that stands out from the rest is Form PF. Unveiled by the SEC late last year, Form PF is designed to improve the quantity and quality of data reported by those in alternatives investments, private-equity funds included. Like previous measures, Form PF seeks to control risk by giving regulators a better view into a fund’s ongoing operational processes. However, Form PF goes much farther than its predecessors, requiring that registered investment advisors report what many consider to be an unprecedented amount of information pertaining to a managed fund.... read more