Securities & Derivatives
The remaining strategic relevance of “sourcing”, as well as the ever increasing expectations of rising revenues, is the main driver for the current activities in the Securities market.
Industry participants concentrate on developing new products as well as adjusting their service range in order to remain ahead of the competition.
This will create a market that promotes the creation of security products, and will be one of the most important challenges for the following period.
Moreover, all security service providers have to deal with additional issues, such as liquidity or collateral management – both of which offer the potential to generate a significant increase in revenues via internal means.
However, banks should aim to be client-focused and transparent, aiming to standardise the processing of their ETPs. However, this requires:
Detailed process analysis
Evaluation of optimization potential and
Know-how with regard to implementation of changes.
All of these factors, particularly security and compliance aspects, need to be considered
As continuous profitability analysis shows, savings capacities can be identified in all cost-producing areas of banks and Financial Service providers. In the end, the cost-cutting relevance will lead to the expected industry consolidation and therefore post-merger challenges in European, as well as global markets.
In addition, steadily launched new regulatory requirements (i.e. WpHG, KWG, MaComp, InvG) urge financial service providers to perform continuous process and IT adjustments.
How BearingPoint brings value
BearingPoint Competence Group “Exchange Traded Products” provides:
Integrated business processes as well as IT Consulting within the Capital Market sector
Impact analysis, elaboration and design of concepts for system selection and integration
Earnings and cost management e.g. margin optimisation
Solution proposals for business topics and interface management, e.g. introduction CCP (Central Counterparty), standardisation of OTC or integration of Accounting and Controlling in current process and IT environment
Test Management, including prepared test cases for respective portfolio (ready to use)
Impact analysis and implementation of regulatory requirements in business processes as well as IT, e.g. MiFID, „Abgeltungsteuer“ or T2S