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Application Of Automated Financial Risk Management Procedures

Posted on April 1, 2012
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Risk management is a crucial issue for the financial survival of institutions. Poor portfolio risk management continues to be a significant pain point for financial institutions large and small. Unpredictable nature of the markets calls for risk to be assessed and managed in the most efficient manner and on an ongoing basis. Major financial and economic risk drivers include shareholders, regulators, FASB, SEC as well as rating agencies. Legislation such as the Basel Capital Accord II, the Patriot Act, and the Sarbanes/Oxley Act has made it even more essential for money managers to be able to deliberately understand, manage and assess risk.

Assessing risk in connection with managing diverse and complex financial assets is a very complicated process, which requires sophisticated tools. Automating financial risk management procedures is a great way to establish an ongoing system that is capable of accessing numerous data points, thus providing a thorough analysis. Read more »

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Britons unaware of effect of inflation on savings

Posted on March 23, 2012
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Many people do not know how inflation affects their medium-term finances, it has been said.

The majority of Britons are unaware about the effect inflation is having on their money stored in savings accounts such as ISAs in the wake of the global economic downturn.

That is according to Justin Modray of online resource Candid Money, who has noted that there seems to be a general lack of understanding among consumers with regard to how this figure impacts on their personal finances.

Mr Modray explained that while many people grasp the influence of inflation on everyday essentials such as gas and electric due to the clear rises in pricing it is causing, they are not yet considering how this will affect them in the longer term. Read more »

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Housing market remains reasonably strong despite summer lull

Posted on March 16, 2012
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Although a summer decline in figures throughout the property and mortgage markets within the UK has been seen, the mortgage broker will today be boosted by evidence to show that housing market activity has remained relatively robust. The latest Housing Market Activity Report by Connells has shown residential mortgage valuation activity increase year on year, increasing confidence within the market that economic life is set to improve.

Although the total number of valuations conducted throughout July rose by a sharp 47% compared to this time last year, there was still an 18% drop in residential valuations seen from last month’s figures, although the usual summer lull in valuation activity ensured that this was expected. Read more »

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