Executive Overview Delivering a banking programme under regulatory scrutiny is fundamentally different from standard programme delivery. The presence of regulators such as the PRA, FCA, or ECB changes the operating environment in ways that most organisations underestimate. Expectations are higher, tolerance for ambiguity is lower, and the consequences of failure are immediate and visible. Programmes […]
Executive Overview Operational Resilience in the financial sector due to increasing cyber threats, technological disruptions and regulatory scrutiny has gained importance over time. The Digital Operational Resilience Act (DORA) was introduced by the European Union in 2020 as part of Digital Finance Package to improve the financial sector’s ability to withstand ICT (Information and Communication […]
Executive Overview Operational resilience is no longer a compliance exercise. It is a delivery challenge. The Digital Operational Resilience Act (DORA) sets a clear expectation: financial institutions must be able to withstand, respond to, and recover from Information and Communication Technology (ICT) disruption without impacting critical services. Under PRA, FCA, and ECB scrutiny, failure is […]
Innovation is not a new concept but embracing it rapidly and adapting to the disruption it brings is going to be key in 2025. Those that fail to innovate, and in particular quickly embrace technological innovations to enhance their core offerings, risk being left behind in the race to triumph in the financial markets. As […]
Formulation of Strategy So how should this issue be addressed? There is no doubt that a clear, communicable, business-aligned vision of the future state is paramount to the successful execution of technological strategic plans. Corralling a broad set of potentially conflicting business requirements, technological innovation, people leadership, financial justification and risk management is no easy […]
Financial Markets Insights brings together the best minds in the financial and capital markets industry to discuss all the latest trends and news.
In this episode, Alan Vear – Director of Brickendon Consulting – met with podcast host George Aliferis to discuss the $200 or $300 trillion question of the transition to IBOR.
Employee Attrition is a new pandemic? According to multiple sources, 2021 saw a significant increase in voluntary staff turnover. Nearly 50% of respondents to a payscale.com survey, for example, reported higher voluntary staff turnover than in previous years, with 76% experiencing significantly more difficulty attracting appropriate talent than they have done previously. In the technology, […]
Where compression seeks to offset economically similar trades to reduce notional, optimisation seeks to free up committed margin and capital by placing a series of market risk-neutral trades.
A more sophisticated methodology has been introduced for calculating capital requirements with the aim of better capturing systemic risk; the downside being an increased regulatory burden on the banking system.
A large global bank was in the process of replacing its legacy FX Front Office system (Kondor+ and a related bespoke application) as part of an overhaul of its FX business when it became apparent that the new system (Murex) would not adequately support its manual quoting/dialog pricing requirements. Brickendon was engaged by the client to […]