Approaches have changed as to how counterparty credit risk is measured and reported. Brickendon was engaged by a major US banking corporation to devise and rollout a standardised approach across the business and associated channels, such as QIS and ad-hoc calculators. The aim is to comply with new regulations from the Basel Committee on Banking […]
A large international financial institution was struggling to acquire, maintain and manage multiple classes and hierarchies of data within existing systems and processes. As a result, they faced significant difficulty assigning credit risk and calculating capital requirements and RWA. They also missed out on product sales opportunities, and encountered various deficiencies with several ongoing regulatory reporting […]
XML (Extensible Mark-up Language) is the lingua franca for the exchange of information in the banking industry, but many institutions are struggling to use it effectively. Failure to correctly translate RAW trading message data into XML-related languages could cause banks to miss regulatory deadlines and incur large fines. Brickendon were engaged to develop a system […]
A large international bank was struggling with the reconciliation between assumed and the actual settlement of trades, which was costing them large amounts of money and considerable man hours. Brickendon were engaged to assess the existing situation, devise a programme to remove operational risk from the current process and to provide a strategic solution going […]
A major US Custodian bank was undertaking a full front-to-back build out of an entirely new equity derivative product, which needed to be integrated into the organisation’s existing infrastructure. The product required an operating model to be defined for multiple areas of the bank across several workstreams. Brickendon was brought in to assess the existing […]
The client wanted a more robust, scalable and reliable solution for caching FX static data. The large legacy system was clunky and slow. Each trading system that used the cache actually only required small subsets of data for each transaction. Challenges To deliver big changes to the existing application, whilst allowing live trading to continue […]
The client needed an experienced programme manager with strong soft skills to help reorganise and reinvigorate a team seeking to recover from recent issues and deliver large-scale reference data change. The Challenges A need to have change accepted within the broader group of stakeholders A team structure was required to scale to meet the demands […]
A large UK bank required a solution to advise OTC derivative traders if they could trade a derivative with a counterparty The Challenges The user interface must be quick and easy-to-use in a busy trading environment Advice should be clear and specific. Can I Trade? How Do I Trade? The solution should be multi-asset, supporting […]
A major Swiss bank had created new sources of reference data to meet regulatory requirements, reduce Total Cost of Ownership (TCO) and realise bank-wide benefits. The foundational components were laid through the consistent definition of clients, sales contacts, settlement instructions, instruments, books and contractual agreements. In order to achieve the benefits of mastering this data, […]
The client was rolling out an ecommerce front-office application across 20 countries in APAC, Europe, US and Latin America. Brickendon was called upon to ensure the system was appropriately tested, making certain that the wide geographical spread of the employees did not affect the quality of the software. The Challenges There was only a small […]