This content is from: Innovation
Santander Unit Uses SunGard OTC Service
Santander Group’s Italian private banking division, Santander Private Banking, has gone live on SunGard’s independent valuation service for over-the-counter derivatives.
FastVal’s risk and compliance departments will utilize the solution to help meet the Consob requirements on the valuation of illiquid instruments and OTC derivatives. The service, which will help the bank manage the increasing complexity of derivatives pricing, will search data used in the valuation process to demonstrate how each specific valuation was determined.
Click here for the story from Finextra.