The assignments carried out by Zanders for financial institutions mainly relate to designing, specifying, documenting, implementing and testing risk management and valuation models. But what value does Zanders add to a financial institution? We posed a few questions to Jaap Karelse,… read more
Professor Antoon Pelsser shares his opinion on Solvency II
In 2009, the European Council and the European Parliament adopted the Second Directive aimed at improving supervision on European insurance companies: Solvency II. The ‘total balance sheet’ approach, at which assets and liabilities are reported at fair market value, should provide… read more
Principles for implemeting an FTP framework
The basic idea of transfer pricing in financial institutions is to allocate costs and benefi ts equitably across the bank. This enables the creation of (isolated) internal P&Ls for diff erent departments. Hence, funds transfer pricing (FTP) helps management to measure… read more
Navigation between market and regulations
About 200 participants attended Zanders’ Risk Management Seminar for fi nancial institutions on 28 November. This annual event took place in the old neoclassical church ‘De Duif’ (The Dove) on the Prinsengracht canal in Amsterdam. “This was a suitable location, where… read more
Implications for high risk/high yield banking activities
The new capital requirements specified by the Bank of International Settlements (BIS), also known as Basel III, have landed broadly. A great deal of attention has been focused on the implications of Basel III for the capital structure of banks. Various… read more
Most banks have significant amounts of non-maturing products on their balance sheets, such as current accounts and savings deposits. The contractual maturity is very small, so that the client could withdraw his or her money at short notice and banks can… read more
Since the first transaction in 1981 between the World Bank and IBM, the market of cross-currency swaps has grown rapidly. It represents, according to the Bank of International Settlements, an outstanding notional amount of USD 16,347 billion as per June 2010.… read more
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