Thursday, June 27, 2013

MoneyScience News

MoneyScience News

Blog Post: TheFinancialServicesClub: A tale of two bankers

Posted: 27 Jun 2013 01:31 AM PDT

I generally meet two types of bankers.read more...

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Published / Preprint: 27Jun/Risk management guidelines related to anti-money laundering and the financing of terrorism issued by the Basel Committee

Posted: 27 Jun 2013 12:58 AM PDT

Press release about the Basel Committee issuing risk management guidelines related to anti-money laundering and the financing of terrorism (27 June 2013)

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Published / Preprint: Dynamic Term Structure Modelling with Default and Mortality Risk: New Results on Existence and Monotonicity. (arXiv:1306.6267v1 [q-fin.PR])

Posted: 26 Jun 2013 05:37 PM PDT

This paper considers general term structure models like the ones appearing in portfolio credit risk modelling or life insurance. We give a general model starting from families of forward rates driven by infinitely many Brownian motions and an integer-valued random measure, generalizing existing approaches in the literature. Then we derive drift conditions which are equivalent to no asymptotic...

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Published / Preprint: A Stochastic Approximation for Fully Nonlinear Free Boundary Problems. (arXiv:1109.5752v2 [math.NA] UPDATED)

Posted: 26 Jun 2013 05:37 PM PDT

We present a stochastic numerical method for solving fully non-linear free boundary problems of parabolic type and provide a rate of convergence under reasonable conditions on the non-linearity.

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Blog Post: WealthandCapitalMarketsBlog: Innovation in Focus Roundtable (NYC): IT moving beyond being solely an enabler of fixed income trading

Posted: 26 Jun 2013 04:36 PM PDT

Celent’s Securities & Investments team (S&I) hosted an exclusive and very well-attended roundtable event in New York last week. The topic of the event was Innovation in Focus: Eight Great Technologies in Fixed Income You Should Care About. The emphasis was on front-office technology for fixed income across cash and derivatives. While the event and discussion were exclusively for...

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Vendor News: Australian consumers willing to trade personal data for higher banking security: Infosys survey

Posted: 26 Jun 2013 12:47 PM PDT

Consumers would like banks to mine large volumes of their transaction information, analyze behavior, and alert them of security risks.

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