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The Basel Committee’s final standard on a standardized approach for the measurement of counterparty credit risk exposures by financial firms are looming over the industry and big banks in particular. The changes are including a new approach which is not based on models, but rather on a Standardized Approach.
Companies will have to start measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long settlement transactions in a new way starting form the 1st of January 2017. Calypso is one of the capital markets software providers that are adding new tools for companies to address the new requirements.
The ... (read more)