Surveillance and Monitoring Through the Looking Glass
Looking ahead to 2013, European regulations are stepping up the need for automated surveillance and monitoring solutions on the buy side, writes SunGard Protegent's, Magnus Almqvist, who says firms must have audit trails and quick answers to questions on suitability and personal dealing.
DTCC Finds 1.3 Mln Soaked Securities in Sandy-Flooded NY Vault
The Depository Trust & Clearing
Corp., which processes financial transactions and stores
securities, has begun the long process of recovering about 1.3
million soaked securities that were stored in a
10,000-square-foot underground vault in a lower Manhattan
skyscraper flooded by Superstorm Sandy.
Technology Fragility Threatens Markets
Despite disaster recovery and business continuity plans that were implemented after Sept. 11 and then enhanced following the Northeast blackout in 2003, Hurricane Sandy has upped the DR/BC bar once again.
Goldman Chief Outlines Risky Asset Reduction Under New Rules
Goldman Sachs Group Inc would have
$728 billion in risk-weighted assets under yet-to-be-implemented
Basel III capital rules, 67 percent more than the investment
bank has under current regulations, Chief Executive Lloyd
Blankfein said on Tuesday.
Capital Markets Outlook 2013: On Guard Against Hacktivists
Banks must keep hacktivists from penetrating their systems, potentially gaining access to highly confidential data, disrupting service and causing thousands of dollars in lost business, as well as huge damage to a firm's reputation.
UBS Shakes Up Investment Bank Management
The new head of UBS's
investment bank has stamped his mark on the division
with a management reshuffle, days after the Swiss bank said it
was pulling back from fixed income trading and cutting 10,000
Scope of Sandy's Devastation Widens, Tempers Flare
Four days after superstorm Sandy
smashed into the U.S. Northeast, rescuers on Friday were still
discovering the extent of the death and devastation in New York
and the New Jersey shore, and anger mounted over gasoline
shortages, power outages and waits for relief supplies.
7 Wall Street Institutions Slammed By Hurricane Sandy
As Hurricane Sandy battered the North East leaving a trail of death and destruction in New York and New Jersey, Wall Street banks suffered varying degrees of damage. We take a look at seven financial institutions that were slammed by Sandy.
Sandy Costs NYC $200 Million A Day in Economic Damage
The aftermath of super storm
Sandy is costing New York City up to $200 million a day in
permanently lost economic activity, including everything from
the sale of pizza slices to corporate mergers and other Wall
Street deals, the city's comptroller said on Wednesday.