09 October 2017
Reporter: Jenna Lomax

Buy-side participants still have a long way to go

An audience poll at this years' 11th Annual Fleming Conference has revealed that buy-side participant still have a long way to go in streamlining their collateral processes.

The poll results were shown in a panel discussion that featured panel speakers from two-European based finance services firms.

Of those in attendance, only 17 percent revealed that 50-80 percent of processes were efficient.

As many as 23 percent of delegates thought that less than 20 percent represented the level of success in streamlining collateral processes.

The majority, 51 percent, considered 20-50 percent to be a more realistic answer.

Panellists Thomas Hansen, managing director at Credit Suisse and Philippe Thonnard, head of control and support financial markets at Belfius Bank & Insurance, also discussed the efficiency of legacy systems and prevailing business priorities, as well as the tactical and strategic ways of streamlining the collateral management process.

One panellist said: "We need to be better at showing the client different ratios, they need to know the exact risks and implications that may occur."

He added: "Essentially, collateral management funds' cost of conversion needs to be priced and transparent."

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