Asset and liability management

AQMetrics goes on hiring spree to double headcount

Retrieved on: 
Tuesday, December 1, 2020
Finance, Money, Risk, Financial risk, Liquidity risk, Market risk, Regulatory technology, Actuarial science, Security, Enterprise risk management, Asset and liability management

LONDON, Dec. 1, 2020 /PRNewswire/ -- The regulatory technology firm AQMetrics is seeking to double its headcount over the next 12 months.

Key Points: 
  • LONDON, Dec. 1, 2020 /PRNewswire/ -- The regulatory technology firm AQMetrics is seeking to double its headcount over the next 12 months.
  • Through 2020 AQMetrics launched its Liquidity Risk Control and Advanced Risk Monitoring products and successfully implemented these for both existing and new customers.
  • In addition, a new Global Enterprise Accounts team will expand the existing AQMetrics customer base oflarge financial institutions.
  • The AQMetrics 'Regulatory-Risk-as-a-Service' platform enables firms in the highly regulated financial services industry to manage their risk and meet their regulatory reporting requirements.

AQMetrics goes on hiring spree to double headcount

Retrieved on: 
Tuesday, December 1, 2020
Finance, Money, Risk, Financial risk, Liquidity risk, Market risk, Regulatory technology, Actuarial science, Security, Enterprise risk management, Asset and liability management

LONDON, Dec. 1, 2020 /PRNewswire/ -- The regulatory technology firm AQMetrics is seeking to double its headcount over the next 12 months.

Key Points: 
  • LONDON, Dec. 1, 2020 /PRNewswire/ -- The regulatory technology firm AQMetrics is seeking to double its headcount over the next 12 months.
  • Through 2020 AQMetrics launched its Liquidity Risk Control and Advanced Risk Monitoring products and successfully implemented these for both existing and new customers.
  • In addition, a new Global Enterprise Accounts team will expand the existing AQMetrics customer base oflarge financial institutions.
  • The AQMetrics 'Regulatory-Risk-as-a-Service' platform enables firms in the highly regulated financial services industry to manage their risk and meet their regulatory reporting requirements.

Integrated Ventures Reports Total Revenues of $220,752 for Q1/2021 Vs $107,564 for Q1/2020

Retrieved on: 
Friday, November 13, 2020
Economy, Money, Articles, Asset, Finance, Liability, Asset and liability management, Current liability

Current Liabilities --------- The Company reported total current liabilities of $668,217.00, with only $100,356.00 that will require cash payment.

Key Points: 
  • Current Liabilities --------- The Company reported total current liabilities of $668,217.00, with only $100,356.00 that will require cash payment.
  • Operating Expenses--------- The Company reported that its total operating and administrative expenses were $99,717.00.
  • Total Assets --------- The Company reported that the total assets were $562,325.00.
  • The Company was able to off set lower mining revenues, with the gain on sales of digital currencies.

Hazeltree Appoints Jonathan Spirgel to Lead Cash and Liquidity Management Technology

Retrieved on: 
Tuesday, October 27, 2020
Finance, Money, Economy, Financial markets, Credit risk, Credit, Market liquidity, Collateral management, Treasury management, Margin at risk, Margin, Asset and liability management

Mr. Spirgel comes to Hazeltree with over three decades of experience in the Liquidity, Cash and Collateral industry.

Key Points: 
  • Mr. Spirgel comes to Hazeltree with over three decades of experience in the Liquidity, Cash and Collateral industry.
  • Hazeltree automates spreadsheet-based cash and liquidity management processes which is especially critical during a remote-working environment.
  • Said Jonathan Spirgel, Hazeltree Global Head of Cash and Liquidity Management: During these challenging times, we are committed to helping our customers effectively manage their Liquidity and Margin.
  • Hazeltrees integrated treasury management solution includes comprehensive cash management, securities finance, collateral management, counterparty management and margin management capabilities.

Bladex Announces Profit For The Third Quarter Of $15.4 Million, Or $0.39 Per Share, Preserving Its Sound Credit Quality And Resuming Portfolio Growth

Retrieved on: 
Tuesday, October 27, 2020
Economy, Accounting, Finance, Financial law, Bank, Economic history of Italy, Diversification, Debits and credits, Credit risk, Asset and liability management

Considering the increase in its investment securities portfolio, the Bank's total Credit Portfolio increased 6% QoQ.

Key Points: 
  • Considering the increase in its investment securities portfolio, the Bank's total Credit Portfolio increased 6% QoQ.
  • Asset quality remained sound with no new credit impaired transactions during the quarter, resulting in zero non-performing loans as of September 30, 2020.
  • As of the same date, the Bank's total allowance for credit losses represented a coverage ratio of 84 bps the total Credit Portfolio.
  • This resulted in a $172 million growth, equivalent to a 3% increase of its commercial portfolio to $5.1 billion, while maintaining sound asset quality and portfolio diversification.

Best’s Commentary: LIBOR Transition Poses Operational and Legal Challenges for Insurers

Retrieved on: 
Tuesday, October 13, 2020
Insurance, Professional services, Money, Finance, Financial services, Interest rates, Banking, Swaps, United States housing bubble, SOFR, Libor, Asset and liability management, Yield curve, Insurance

A review of AM Best-rated insurer debt, as detailed in a Bests Commentary, titled, LIBOR Transition Poses Operational and Legal Challenges for Insurers, found that nearly 80% of USD debt with LIBOR provisions will mature after year-end 2021, when LIBOR is no longer in use.

Key Points: 
  • A review of AM Best-rated insurer debt, as detailed in a Bests Commentary, titled, LIBOR Transition Poses Operational and Legal Challenges for Insurers, found that nearly 80% of USD debt with LIBOR provisions will mature after year-end 2021, when LIBOR is no longer in use.
  • Other issues include term structures for new reference rates, market liquidity, capital requirements and consistent supervisory guidance to eliminate cross-border issues.
  • The transition from LIBOR to the Secured Overnight Financing Rate (SOFR) will affect both sides of insurers balance sheets, as it affects assets and liabilities.
  • Given the sheer volume of transactions and the limited time remaining before LIBOR disappears, insurers will face numerous challenges during the transition period.

Moody’s Analytics Wins Award for Depth of ALM and Balance Sheet Management Services

Retrieved on: 
Tuesday, October 6, 2020
Professional services, Data management, Technology, Finance, Software, Banking, Finance, Economy, Money, Asset and liability management, Asset management, Banking, Insurance, Liability, Alm, Moody's Corporation, Analytics

Moodys Analytics has won the xCelent Depth of Services award in a new report from Celent.

Key Points: 
  • Moodys Analytics has won the xCelent Depth of Services award in a new report from Celent.
  • NextGen Balance Sheet Management and ALM: Vendor ABCD profiles 13 asset and liability management (ALM) and balance sheet management systems.
  • View the full release here: https://www.businesswire.com/news/home/20201006005072/en/
    Celent recognized the depth of our ALM and balance sheet management solution, which boasts award-winning software as well as the data, economic scenarios, training, and advisory services that set Moodys Analytics apart from other vendors.
  • Software is the foundation, but there is much more to our solution, said Fanny Marengo, Director at Moodys Analytics.

AmBank Group implements Kamakura Risk Manager for Basel 3 LCR and NSFR

Retrieved on: 
Monday, October 5, 2020
Financial services, Finance, Money, Actuarial science, Kamakura Corporation, AmBank, Asset and liability management, Basel III, Credit risk, Liquidity risk, Financial risk, Risk

SINGAPORE, Oct. 4, 2020 /PRNewswire/ --Kamakura Corporation, the global leader in advanced analytics for enterprise risk management, is pleased to announce that AmBank Group has successfully implemented Kamakura Risk Manager (KRM) to manage compliance with Basel III Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) requirements.

Key Points: 
  • SINGAPORE, Oct. 4, 2020 /PRNewswire/ --Kamakura Corporation, the global leader in advanced analytics for enterprise risk management, is pleased to announce that AmBank Group has successfully implemented Kamakura Risk Manager (KRM) to manage compliance with Basel III Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) requirements.
  • AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia.
  • AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia.
  • Kamakura Risk Manager , first sold commercially in 1993 and now in version 10.0.3, is the first enterprise risk management system for users focused on credit risk, asset and liability management, market risk, stress testing, liquidity risk, counterparty credit risk, and capital allocation from a single software solution.

AmBank Group implements Kamakura Risk Manager for Basel 3 LCR and NSFR

Retrieved on: 
Monday, October 5, 2020
Financial services, Finance, Money, Actuarial science, Kamakura Corporation, AmBank, Asset and liability management, Basel III, Credit risk, Liquidity risk, Financial risk, Risk

SINGAPORE, Oct. 5, 2020 /PRNewswire/ --Kamakura Corporation, the global leader in advanced analytics for enterprise risk management, is pleased to announce that AmBank Group has successfully implemented Kamakura Risk Manager (KRM) to manage compliance with Basel III Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) requirements.

Key Points: 
  • SINGAPORE, Oct. 5, 2020 /PRNewswire/ --Kamakura Corporation, the global leader in advanced analytics for enterprise risk management, is pleased to announce that AmBank Group has successfully implemented Kamakura Risk Manager (KRM) to manage compliance with Basel III Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) requirements.
  • AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia.
  • AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia.
  • Kamakura Risk Manager , first sold commercially in 1993 and now in version 10.0.3, is the first enterprise risk management system for users focused on credit risk, asset and liability management, market risk, stress testing, liquidity risk, counterparty credit risk, and capital allocation from a single software solution.

Kentucky First Federal Bancorp Releases Fiscal Year Results

Retrieved on: 
Monday, September 21, 2020
Balance sheet, Money, Economy, Asset, Asset and liability management, Impaired asset, Impairment, Market liquidity, Goodwill, Book value, International Financial Reporting Standards requirements, Consolidated financial statement

This compares to net income of $300,000 or $0.04 per common share for the quarter ended June 30, 2019.

Key Points: 
  • This compares to net income of $300,000 or $0.04 per common share for the quarter ended June 30, 2019.
  • The impairment charge represents an accounting transaction which had no impact on cash flows, liquidity, or key capital ratios of the Company or its bank subsidiaries.
  • Based on this analysis, the estimated fair value of the Company was less than book value, resulting in the $13.6 million goodwill impairment charge.
  • The Company sells its long-term fixed rate loans to the Federal Home Loan Bank of Cincinnati as part of its asset/liability management strategy.