Banks Chained to Legacy Systems as CVAs Suffer
Ninety-two percent of investment banks are still without sufficiently advanced IT infrastructures to perform effective credit valuation adjustments (CVAs), according to a research report from analytics firm SAS.
The report, which contains feedback from 39 institutions, claims that only eight percent of investment banks are fully satisfied with their infrastructure, while 42 percent think them incapable of fulfilling requirements.
The problem, according to James Babicz, head of risk at SAS UK &
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