FTSE Global Markets
What challenges does a broader approach to managing risk present to banks and broker-dealers? What kinds of resources may be required to fortify trade-capture, surveillance and other capabilities? From Boston, Dave Simons reports.
Over time the risk-management regimen has gradually evolved, moving from a predominantly pre-trade function to one that seeks to address operational and risk issues spanning the entire trade life cycle. For sell-side firms the Volcker rule, finalised in December 2013, remains a key risk rubric (as the recently announced two-year Volcker extension applies to covered funds only, the pace of the project will not be affected insofar as banks are concerned).
Read full article HERE