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Most buy and sell side institutions realize the importance of having a robust system for creating cool new models, gaining support for complex payoffs, and performing advanced scenario analysis—that is, the more complicated tasks involved in managing a trade portfolio. However, over the years in my work with numerous financial firms, I have found that while institutions may initially be drawn to a

For derivatives firms, keeping pace in a marketplace characterized by ever-stricter compliance oversight is no easy feat. The current reality is that most institutions’ risk approach is not comprehensive enough to handle the demands of today’s changing regulatory environment. As such, the majority of these firms will need to adjust and modernize their risk practices in order to successfully cope

When interest rates lower than zero first appeared, for many of us, the concept didn’t add up. After all, why would a financial institution pay to lend someone money? But recently, negative interest rates have been increasingly adopted as an unconventional method of reviving the economy. While we have seen near-zero interest rates on both sides of the Atlantic for several years now, things got

There were a few major themes that came out of FINCAD’s recent industry survey, looking at how financial institutions are evolving risk technology to meet regulatory demand. We hosted a webinar where we presented these results and there was quite a lot of interest on this subject but in case you weren’t able to attend we captured these key highlights in this blog post for your convenience. This

As we return from summer holidays, it is the same as the many global insurers make their (hopefully) final preparations to comply with a significantly expanded Solvency II regime taking effect January 2016. There are a number of areas included for this deadline, and those of particular importance include the need for expanded risk reporting with greater accuracy and robust modeling in pricing