6
Mai

LOCKED DOWN FOR 40 DAYS BUT MORE CONNECTED THAN EVER

Forty days of lockdown and here we are. The symbolic importance of that number is still debated. Number 40 is at the heart of numerous sacred scripts, very often in the context of judgment, so much that many interpret it as the number of divine intervention or punishment. Number 40 seems to be associated with a period of reflection, maturation

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5
Mai

COVID-19 AND BEYOND…

NAVIGATE THE CRISIS To face covid-19 crisis, many financial firms triggered disaster recovery plans. Due to the lockdown in different countries, they had to cope with an unprecedented way of working, entirely decentralized, with most of the staff working from home. At the same time, both buy side and sell side firms had to manage higher trading volumes due to

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4
Mai

G20 FINANCIAL REFORM – WHAT’S IN STORE FOR 2020: A SOUTH AFRICAN CASE STUDY

As 2019 came to a close for the financial industry in South Africa, there was an acknowledgement that 2020 could be a year of regulatory change with respect to trade reporting and BCBS/IOSCO. Following the G20 meeting in September, South Africa’s government was keen to promote deeper cross-border economic and infrastructure integration, but also under increased pressure to start taking

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BUSINESS – MAKING THE SHADE

With standard daily activities having come to a halt and personal tragedies impacting so many, the COVID-19 crisis has raised questions about how the business world is adapting and how the wheels of industry will continue to turn. There will be changes that reverberate for many years, but today, how are firms planning for the future with regard to financial

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RETHINKING THE CLIENT DIGITAL CUSTOMER JOURNEY – THE DIFFERENCE BETWEEN SUCCESS AND FAILURE

Following on from previous posts, we now look at ways banking and insurance service providers can set themselves up for post pandemic success, the problems you may find in the new digital first world. Also we talk about how you can set yourselves up for a successful launch if you work with the right technology partner. PROBLEM The current need

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CENTRAL BANKS RESPONSES TO COVID-19: HAVING THE RIGHT COLLATERAL MANAGEMENT SYSTEM MAKES THE DIFFERENCE

As VERMEG mentioned in a previous article published in the Central Banking magazine, Central Banks have been impacted over the past decade by several drivers of change and remain under the constraint of being impacted again at any point as managing uncertainty remains the leitmotif of their activity. Central Banks must be able to respond swiftly to any new change that may impact the economy and must be prepared for all types

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VERMEG OFFERS UK REGULATORY REPORTING SERVICE FREE OF CHARGE DURING COVID-19 CRISIS

Further to our announcement last week that we would be making the XBRL Checker service available free of charge during the COVID-19 crisis. VERMEG is now also offering a Cloud Based Regulatory Reporting service free of charge for firms that may need assistance with their reporting in the ongoing situation. AgileREPORTER Cloud will allow UK firms to create, validate and submit the

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WHY SHOULD THE FIRMS AIM FOR A CENTRALISED COLLATERAL MANAGEMENT INFRASTRUCTURE?

Collateral Management Question Series   Many organisations still operate separate collateral pools to manage margin. Often this means the structure does not enable margin netting and compression to realise collateral and cost efficiencies for revenue-generation opportunities and can result in sub-optimal use of collateral inventory. If you include bilateral margin calls and settlement liquidity, then there is potential to utilise

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VERMEG OFFERS XBRL SERVICE FREE OF CHARGE DURING COVID-19 CRISIS

As the UK lockdown continues as a result of the continuing COVID-19 situation, VERMEG is offering services free of charge to assist the financial community in this time of crisis. The first of these offerings is our XBRL Checker. The solution allows firms to upload XBRL output produced for the purposes of COREP, FINREP and PRA reporting and render this data in

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