Fixed-income dealers are spending as much as $20 billion a year on RegTech (regulatory technology) to help them comply with the raft of regulations covering their trading desks.
The mood among fixed-income dealers in Asia is decidedly upbeat. Trading volumes are on the rise—fueled by strong flows in G3-denominated Asian bonds, new issuances and growth in flows in local currency markets and a surge in business from China. Together, these trends are prompting banks to enter growth mode in Asia.
Citi and Fifth Third Bank have joined an exclusive group of institutions recognized by U.S. companies as the best brands in commercial and business banking.
Although some industry experts are projecting that new MiFID II rules will reduce buy-side spending on equity research by as much as 40%, a new study from Greenwich Associates finds that the immediate impact will be much less dramatic: European institutional investors plan to cut research budgets by only 1% in the next 12 months.
A surge in demand for experienced banking talent, is making the near-term future very bright for highly talented commercial bankers. Longer-term prospects are dimming, however, due to rapid advancements in business intelligence (BI) and artificial intelligence (AI) capabilities.
Corporate bond investors are making up for the loss of market liquidity by deploying new tools that leverage data and analytics – and technologies providers are working to meet that demand.
Artificial intelligence is transforming financial services across customer support , research and sales and trading. As it boosts productivity and lowers costs for banks and financial service firms, AI will also threaten financial service jobs—about 15% of which are at risk, according to a new report from Greenwich Associates.
With roughly 90% of institutional investors relying on consultants for guidance, maximizing the impact of these relationships represents a huge challenge to asset managers and a significant opportunity for those firms that execute seamlessly.