Putting strategy back into regulatory responses…

Topics of regulation and its effects are all the rage in the financial sector news nowadays. Banking, investment and securities activities are facing the weight of multiple ‘structural’ regulations, compounded by the threat of an impending sovereign debt crisis and economic downturn. Cases in point: Basel regulations on capital and liquidity, OTC derivatives trading and […]Continue reading...

SEFCON II thoughts

I attended SEFCON II, the second annual conference on SEFs (swap execution facilities), market structure and technology in New York on Monday. SEFs are venues where much OTC derivatives execution activity will migrate due to the Dodd-Frank Act (DFA). A number of my conclusions: 1) For many IDBs (inter-dealer brokers), becoming a SEF will largely […]Continue reading...

Final SIBOS thoughts- providing more clarity on OTC derivatives reform

After a few days, it is clear that despite the flurry of activity in Toronto that much remains to be done for the global securities industry for a return to ‘normalcy’, if it can be done at all. From the Celent S&I practice perspective, the tone overall at SIBOS was one of subdued concern mixed […]Continue reading...

SIBOS Wrap up- More short-termism than long-termism

For the S&I team, SIBOS was a whirlwind of activity and it was nice having it in Toronto- not too far. While I will summarize my thoughts from the conference next week, it was quite eerie timing to have so much market turbulence as we were discussing regulatory reform, derivatives trading and market structure developments […]Continue reading...

Postcards from SIBOS II: Collateral optimization evolves further

I spent several meetings with vendors today at SIBOS discussing collateral optimization, as these solutions become increasingly evolved due to the renewed focus in recent years. Momentum continues to be strong here. Collateral optimization (CO) is a stage of the collateral management process where a firm uses collateral assets to raise funding and to support […]Continue reading...

Postcards from SIBOS

????????Greetings from SIBOS in Toronto, Canada. While SIBOS is primarily a transactional banking conference, this year there has been a great deal of attention on capital markets in the form of regulatory developments and the transition to a new regulatory structure under Dodd Frank. What has been apparent from the first panel attended is the […]Continue reading...

Special Promotions in the Online Brokerage World: Friend or Foe?

The online brokerage market continues to evolve, with customers demanding more tools, enhanced trading functionality, and faster execution speed. Amidst these technology improvements, competition is forcing online brokerages to lower commissions and adopt a pricing model that emphasizes simplicity and transparency. In this environment, it should come as no surprise that active traders are an […]Continue reading...

New Communication Tool for Wealth Management and Capital Markets

Today Celent is excited to launch its inaugural wealth management and capital markets blog. Our industry is undergoing rapid changes: new regulations, adoption of advanced technology, and major changes in investor behavior. Almost every day there is a new disruptive element which impacts the market. The astonishing level of uncertainty, noise, and volatility is almost […]Continue reading...