Banks' 'indifference' to IAS 39 hints at software panic-buying
Vendors said some banks are showing an indifferent attitude to the new standards, which could ultimately lead to the panic hiring of hedge-compliant systems from software vendors.
Garfield Hayes, head of client research and strategy at Wall Street Systems in London, said the response to IAS 39 has been "hot and cold" depending on banks' readiness. "There is no consistent pattern emerging -- some have embraced it by keeping staff up to speed, whereas others are leaving it to their accounting
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
More on Market Data
Mosaic to bring real-time performance analytics to FX
Platform will be in production with a major client in third quarter
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
LiquidityFinder turns on liquidity matchmaking site
The website offers a consolidated view of liquidity providers for simple comparison
WM/Reuters Thai baht benchmarks to be sourced from Matching Clob
The baht benchmarks are now based on trade data rather than indicative rates
Bloomberg adds real-time market data service to cloud
Its front-office solution, B-pipe, is available via Amazon Web Services
Quick to distribute Fenics’ Kace products in Japan
The agreement enables Quick to offer an integrated solution to clients
Thomson Reuters unit becomes Refinitiv
TR’s Financial & Risk changes name, following majority stake buyout led by Blackstone
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities