In recent years, many companies have reimagined their technology organization models in order to release software more rapidly and reliably. As such, DevOps has become the answer for businesses searching for competitive advantage and increased customer satisfaction, including financial institutions ranging from small trading firms to large industry players such as global banks and exchanges.
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Best Practices for LIBOR Transition Readiness
Recently, many of the various LIBOR working groups published recommendations and objectives for transitioning from LIBOR to the new ARRs. Hundreds of market participants have contributed to consultative papers and publications to assist financial institutions in addressing complex scenarios encountered as part of their individual LIBOR transition journey. To alleviate concerns and industry-wide pressures, Monticello has prepared this best practice insight paper to assist our clients in their preparation ahead of the anticipated January 1st, 2022 LIBOR end date
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Good to Great: The Makings of a Successful Product Owner
The success of any organization hinges on the ability to quickly adapt and evolve in response to changing end user demands in today’s fast-paced environment. Product Owners are constantly challenged with refining the vision and maximizing the value of their product to meet both consumer and stakeholder expectations. Given their pivotal function, a clear understanding of a PO’s role and responsibilities is critical to the successful strategic direction of all companies that rely on technology solutions to serve their customers.
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The Brexit Stalemate: Are We Headed for a No Deal?
A Soft Brexit or a Hard Brexit. ‘Remoaners’ vs. ‘Brexiteers’. The Irish backstop and the cliff edge. Even the linguistic impact of the UK’s shock decision to quit the European Union on June 23, 2016 generated a level of anguish and controversy that few had foreseen. Brexit, which had dominated headlines for four vertiginous years, became a distant memory when the UK finally left the European Union on 31st January, 2020 and a global pandemic began to take center stage.
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Uncleared Margin Rule – Leveraging Deadline Extensions to Create Automated and Efficient Operations
In April 2020, the Basel Committee on Banking and Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) extended the deadline for implementing Phase 5 and Phase 6 of the Uncleared Margin Rule (UMR) requirements for uncleared over-the-counter (OTC) derivatives. At this point, US firms need to decide whether to continue their work towards Phase 5 readiness or delay their program timelines to align with the new 2021 timeline.
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Broker-Dealer Technology Upgrades – Accelerating Change in 2020 and Beyond
Fees and spreads earned from capital markets activities remain an important revenue source for many financial services firms. At the same time, the market for interest rate, equity, foreign exchange and other traded products is becoming increasingly competitive. Efficient post-trade processing and enhanced automated solutions are essentials for banks to stay competitive.
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