For the last 10 years financial services have been absorbing a relentless torrent of regulatory change that has, amongst other things, tested and changed operating models, demanded ever more detailed reporting and drained resources from and impeded other business improvement initiatives. This is especially hard for firms with international operations who have to comply across numerous business lines and multiple jurisdictions.

The debate is slowly bubbling to the service and the realisation finally growing across investment banking that banks will not survive in rapidly changing capital markets unless they transform to meet the new regulatory landscape and accompanying business and market challenges. That might not be new in itself, but what is different now is the growing recognition that this can only be achieved by a change of culture within the banks, which will only succeed if it is driven across the organisation by strong leadership. And that leadership will have to embrace a technology transformation that drives costs down through the automation and simplification of creaky, complex and archaic IT systems, while also adding in the more sophisticated data management and analytic capabilities demanded by today’s circumstances.

Watch this playback of the March 7th webinar where Axiom and CloudMargin provided answers to the audience and summarised the current state of implementation of the Uncleared Margin Regulations.

Regulatory reforms following the financial crisis have tested banks’ ability to adapt and fundamentally changed business models. The Standard Initial Margin Model (SIMM) is another addition that could reshape many derivatives trading and risk management practices. In this article, Sapient Global Markets’ Thomas Schiebe and Sendi Cigura in partnership with Patrice Touraine and Matthieu Maurice of Global Market Solutions look at what it means for banks and how they must tackle a new wave of data and technology challenges.  

Razor Risk will also provide high level demonstrations of their “off the shelf” solution that will sit between existing Market Risk and Front Office pricing tools so that the firm can maintain BAU processes whilst preparing for the Fundamental changes that BCBS 352 will require. The Webinar is targeted at all involved stakeholders, bringing together the major drivers behind Business Users (Risk Managers), Front Office Capital Consumers, FRTB Programme Managers and Technology Implementation Teams whether the firm is going for a Standardised Approach (SA) or a combination of SA and Internal Model Approvals (IMA).

Join us for this free webinar where we will blow you away with the simplicity with which you can setup new procedures, delegate them to team members, and watch as they check off tasks and update the managers dashboard in real time.