At Adsatis, we work hard to capture the wealth of experience that we have in our team in order to offer our clients insights on the important issues that global firms and their leaders face in today's challenging environment.
Our White Papers and Industry Studies offer unique insight into current market issues and how we expect the industry to evolve. Our consultants are in an unparalleled position to offer their thoughts and opinions on issues surrounding the industry
Author: Adsatis, May 2018
Over the last few years, the ‘Client’ has been a key feature of the mission statements of all companies. All express the importance of being ‘Client focused’, ‘putting Clients first’, ‘focusing on providing excellence in Client service’ etc. - being Client Centric. But what does being Client Centric really mean?
Author: Adsatis, June 2017
Brexit is one of the key challenges currently facing Investment Banks. There has been much speculation and interest around how they will respond with particular focus on changes to location strategy and the impact on London as the leading global hub for Investment Banking. In this paper we assess the developments to date and summarise what is known about the position of leading banks.
Author: Adsatis, April 2017
Ring-fencing rules were introduced to protect retail clients from unrelated risks and shocks in banks affecting the wider financial system. This legislation requires each large UK bank to separate its retail banking activity from the rest of its business by January 2019. As the go-live date approaches, banks are working towards the transfer of large parts of their business to the new legal entities and the possession of the necessary authorisations.
Author: Adsatis, April 2017
The Fundamental Review of the Trading Book (FRTB) rules were introduced in January 2016 to tackle perceived shortcomings of the existing market risk framework. Implementation of the new rules was always going to be extremely challenging and has become even more complex than banks originally feared as a result of other factors eg. model eligibility tests, non-modellable risk factors and the adoption of the new rules from multiple jurisdictions.
Author: Adsatis, January 2017
We’ve pulled together some thoughts on key themes for the year which we hope will be of interest.
Author: Adsatis, October 2016
Banks need to understand how their profitability can be affected under various economic scenarios. Stress testing is a common approach to measure potential losses that might rise in an economic downturn. Less well known is Pre-Provision Net Revenue (PPNR) modelling, which is concerned with how variable bank earnings are, and how these could be affected in an economic downturn. However, banks face a number of challenges in modelling PPNR.
Author: Peter Ferguson, May 2014
Banks are beginning to focus more closely on BCBS 239 and the implications of this for their data management processes. As ever getting Reference Data right is one of the key challenges. We have produced a briefing note entitled ‘BCBS 239 Compliance – Reference Data Initiation’, on what this entails and how some of the challenges can be addressed.
Author: Michael Birks and Henry Wilkes, March 2014
This paper, based on interviews with large and small corporates, pension funds and asset managers examines whether new regulation, primarily aimed at the interest rate and credit derivatives market will impact the hedging activities of end user of FX markets.
Author: Lee Richmond and Dipesh Polra, May 2013
A paper highlighting areas where cost savings in Markets Technology can be achieved both without cutting service levels and meeting regulatory demands. It asks the question ‘what next’? and suggests some ideas that are already being explored and likely future developments.
Author: David Frost, Dec 2012
This paper outlines and takes a look at the motivation behind the Volcker Rule, how the banks will remodel their businesses around it and what the future landscape of risk-taking may look like.
Author: Michael Birks, Jeremy Lucas, Rupert Page, Paul Samuel, Jul 2012
A study of the use of equity derivatives in the management of pension funds. This study, based on interviews with leading pension funds, asset managers and consultants looks at recent trends and likely future developments.
Author: Michael Smethurst, John Williams, Apr 2012
This study provides an overview of investment banking activity in Non-Japan Asia, with particular focus on the evolution of business in the region’s financial centres. The report examines the major products and business areas in the region. The report is based on public information and on the findings of conversations with senior professionals working in (or with first-hand knowledge of) the region.
Author: Adsatis, David Bullen, Mar 2012
An examination of the business case for the development of single dealer platforms, given the stricter requirements on the display of prices from multiple dealers in recent US and European regulation.
Author: John Curchod, Michael Birks, Anne-Maria Rothenstein, Aug 2011
The Dodd Frank Act and proposed amendments to MiFID require swaps where possible to be traded on electronic platforms. This paper analyses how this is likely to be implemented and the probable impact on the market landscape for trading OTC swaps.
Author: Bill Allen, Apr 2011
An analysis of the impact of the proposed minimum liquidity requirements agreed under Basel 3. This examines the significant impact on the way in which banks will function and highlights a serious flaw in the initial proposals.
Author: Michael Birks, Jeremy Lucas, Anne-Maria Rothenstein, Apr 2011
An analysis of the reponses of the sell-side banks to the proposed legislation based on interviews with senior managers from 15 leading investment banks.
Author: Michael Birks, Anne-Maria Rothenstein, Sep 2010
A comprehensive analysis of the likely impact of derivative regulation following the publication of the Dodd Frank Act. Based on Adsatis analysis and interviews with over 45 leading institutions.