Hints and tips:
...Formerly known as The Hut Group, THG was hailed as a future star of the UK tech industry when it listed with a valuation of £5.4bn in 2020....
...Music is back in vogue for investors as streaming proves the sound salvation for the industry....
...“Novation is a much bigger issue than people [outside the industry] realise,” said one senior investment banker....
...“The idea is to provide centralised clearing infrastructure — standardised document terms, trade processing, margining and payment processing — without requiring novation to a central counterparty or a change...
...Mr Carroll is already deploying the software at Donnelley and evangelising it to his industry peers....
...Knudstorp became chief executive and set about – in Prof Robertson’s telling – doing innovation correctly....
...– Naked Capitalism Standard CSA: Industry’s solution to novation bottleneck gets nearer - Risk...
...“The current market uncertainties in the United States and Europe have created an environment in which proceeding with the contemplated novation became increasingly difficult,” said Doug Betts, chief executive...
...Simon Morris, managing director at Goldman Sachs, said this automation of the consent and confirmation process “reduces operational risk and cost for our clients and the industry as a whole”....
...Hence perhaps, why things like novations — a way of changing the terms of the loan — are so popular in the region....
...“We are constantly trying to bridge the gap between innovation, and new applications.”...
...Mark Beeston, company president, said 11 banks were already using the so-called novation processing service while the other three would go live on the platform soon....
...A procedure to tackle one of the biggest administrative problems in credit derivatives trading was launched on Tuesday – just days ahead of a meeting of industry participants and regulators that aims to...
...Parts of this “novation protocol”, issued last month by the International Swaps and Derivatives Association, have been criticised by the MFA....
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