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Article: Basel II Ops Demands Can Boost Derivatives Trading Profitability.
- Article from:
- Securities Industry News
- Article date:
- July 28, 2003
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The following was written exclusively for Securities Industry News by Lester Wigler, president of The Credo Group, a Stamford, Conn.-based financial services consultancy.
Using the proposed Basel II Accord as a catalyst for change, Wigler describes a structured method that derivatives dealers can rely on to lower operational overhead and reduce credit exposure without spending significant amounts on new systems.
Over-the-counter (OTC) financial derivatives present significant processing challenges. Although methods and procedures have been defined for basic OTC derivative products, complex transactions resist standardized work flow. The inability to ...