Wednesday, May 28, 2014

Model Validation Conference 16-18 June 2014 in Singapore

Maroon will be appearing at the Model Validation, Control and Governance conference to be held in Singapore next month. A popular event in London for the past few years, this will be the first time it is coming to Asia.

We will be conducting the half-day Post-Conference Master Class on Wednesday 18th (and are willing to give a sneak peek in exchange for coffee - contact us for details).

Our software partner FINCAD is sponsoring the event to promote the recent launch of their new F3 Platform.

F3 Platform makes pricing and risk of complex derivatives easy. It is ideal for smaller banks, particularly like many of those in Asia, who need modern pricing techniques but lack the in-house quant skills to build or use a sophisticated analytics library.

New features include:

  • An adaptable trade database for storing term sheet details for products that don't fit in your main system;
  • Modern analytics and models capable of pricing, calculating risk and calculating OIS, CVA and more;
  • Distributed, multi-user architecture for consistent prices across front, middle and back office;
  • High performance through the patented Universal Risk Technology as well as a grid-enabled monte-carlo engine; and
  • Flexible interfaces that integrate easily with other trading systems.

Contacts us if you'd like to find out more about F3 Platform.




Friday, May 2, 2014

Cross-Border Financial Services


In 2009, UBS paid a fine of USD 780 million and entered into a deferred prosecution agreement with the US government. Although the charges focussed on tax offences, various aspects were under investigation how UBS provided financial services in the USA and to US clients. A number of other Swiss banks are still facing similar charges.