Join Cognizant and a select group of financial services thought leaders for one unique, interactive evening of peer-to-peer conversation inspired by proven case studies and focused on how to gear up today, to win tomorrow.
“The scope of instruments covered by the new regulation is broad. And the threshold of activity is minimal.” Christian Krohn – Consultant, Bovill
The continued introduction of a long line of regulations has continued to reduce market and counterparty risk. But has the cost of the added security started to put at risk the markets and clients it is trying to protect? We’re dedicating this unique event to finding out.
* Ongoing cost of implementation and demonstration of compliance is significant and monopolised bank’s discretionary budget for the last decade.
* The risk-weighted asset (RWA) impact of having outstanding exception items on the balance sheet is reducing available funds to invest. Payable and receivable items outstanding as part of the normal course of business are generally not managed in the most efficient way.
* The increased cost of doing business is a major concern at a time when revenues are reducing.
* Investment banks have historically struggled to fully understand or have transparency into what is driving trade related expense (most specifically Brokerage, Clearing & Exchange – BC&E), how to allocate it and understand how best optimise/reduce cost.
* Typically, banks have multiple legacy platforms and/or spreadsheets to cover different types of fees, taxes and claims and so have limited reporting into root cause or understanding the full front to back cost of supporting business at a macro or micro level.
* Increased scrutiny under the Senior Managers Regime (SMR) will make it increasingly important to plug the gaps.
Is Central Securities Depositories Regulation (CSDR) settlement discipline going to dramatically reduce fails and counterparty risk over the course of time and be self-funding as a result? Or is it the straw that breaks the camel’s back for businesses?
What plans and tools do market participants have to understand client and business profitability, and is it something they are focused on/have a strategy for?