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What Use Is Financial Market Data?

To large financial institutions, financial market data is the lifeblood of the business. It is that important because predicting market changes can gain or lose massive amounts of money depending on how that market moves. Market analysts must leverage their enormous investment resources against small changes in market interest rates. As interest rates change daily, the value of these investments grow depending on how the money is managed.

The Costs of Implementing Dodd-Frank Rules

The financial crash of 2008 brought many legislative changes designed to prevent its reoccurrance. Collectively known as the Dodd-Frank Law, foremost among them was the Volcker Rule that redefined which financial institution could register itself as a bank and therefore take deposits, and who could not thereby remaining a brokerage.

Which Basel III Capital Requirements Will Be Implemented in 2013?

Basel III is the latest of a set of international banking regulations stemming from the financial crisis of 2009. Building on the earlier set of Basel II banking rules, Basel III Capital Requirements begin phasing in on January 1, 2013 and continue through 2019.

Not Your Father’s Money Market Anymore

When I entered the Investment business about 32 years ago, the big story of the day was how Merrill Lynch had invented a new type of product called the Cash Management Account or CMA. This account was a marriage of a new instrument called a money market with the old fashion idea of a checking account. Now, one could earn the high rates of a money market account and write checks at the same time.

You Should Know Basel II Compliance Mandates to Prepare Your Firm’s Risk Management Process

Originally created in June 2004, Basel II mandates were created by the Basel Committee on Banking Supervision. While Basel 2 requirements have been superseded by Basel 3 requirements, which will take place in 2013, the requirements of Basel 2 are still important and should be noted by any financial firm or bank that intends on making an operational risk strategy.

Basel III Mandates for 2013

Basel III is a group of restrictions and regulations that were designed and accepted in September 2010 to help repair the banking situation for the future. While the mandates were decided in 2010, they will not be going into affect among the global banking community until 2013, at which point the measures taken in the Basel III will be applied to all of the banks that were part of the agreement.

Financial Data Management Is Increasingly Challenging

The term “big data” is typically used to describe extremely large sized data sets. Financial data management has come to the forefront as service firms looking at ways to control data more effectively. The amount of data continues to grow on an exponential basis, while regulatory requirements force firms to take proactive approaches for issues such as risk management.

Banks and Financial Institutions Embarking Towards More Predictability

The future of banking and financial services has become more unpredictable. This industry is facing high profile challenges and difficulties due to increasing business and customer demands.

The Start of 2013 Finds More Countries Searching for Rare Earth Metal Supplies Outside China

News of further initiatives has emerged at the start of January 2013 to find secure supplies outside China of the rare earth metals that are so important to the future of clean technology and the manufacture consumer electronics. A Polish mining group specialising currently in copper and silver has announced plans to purchase exploration licences in a number of countries in order to explore for rare earth metals. The chief executive of KGHM Polska Mied said the intention was to become a “multi metal” company and that the group felt it had a responsibility to supply the…

An Overview of Canada’s Economy

Globalization bound Canada’s economy with many countries but during the global recession its economy did not suffer so much and continues growing. Main sectors of Canada’s economy show why it is so.

Causes for Filing PPI Claims

Originally, Payment Protection Insurance or PPI was designed to protect an individual from burning off his property and/or a good credit rating should he become ill or made unemployed through redundancy. In a matter of a couple of years however, many banks and other banking institutions saw sales of PPI guidelines as another approach to earn money.

Home Mortgage Eligibility: Determining Qualification

It is important for interested home buyers to understand how home mortgage eligibility is determined. This article explains what aspects are considered when determining whether an individual qualifies for a home mortgage.

Don’t Run Away From Credit Problems

Many of us have had to face a creditor, whether for a credit card, a mortgage, a car loan, or any other type of financing. As soon as money gets tight, we run away from the problem. We think that running will make it go away, but we know that’s not true. Some of us borrow more money hoping to “solve” the problem. But, we are robbing Peter to pay Paul, and the debt load just gets deeper until we are stuck on the edge with nowhere to go – but down.