Faye Kilburn

New York

Senior Staff Writer at Risk.net

Senior staff writer at Risk Magazine covering asset management

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Articles

Can A.I. Help or Hurt KYC & AML Efforts?

1 week ago | ftfnews.com | Faye Kilburn

A.I.’s strengths in pattern recognition, anomaly detection, and real-time monitoring can be undercut by A.I.-powered deepfake crimes. While financial institutions are in the early throes of utilizing artificial intelligence (A.I.) to strengthen know-your-customer (KYC) and anti-money laundering (AML) processes, cybercriminals are rapidly advancing their tactics to bypass these meticulous measures.
E.U.’s T+1 Leader Faces Quirks & Fragmentation

1 month ago | ftfnews.com | Faye Kilburn

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Groups Clash Over U.K.’s Approach to T+1 Adherence

1 month ago | ftfnews.com | Faye Kilburn

The U.K.’s industry-led, principles-based approach to T+1 is facing scrutiny as some worry it’s a haphazard effort. Industry groups in the U.K. are clashing over whether the U.K.’s industry-led, principles-based approach to shorter T+1 settlement will be sufficient to facilitate an orderly transition by October 11, 2027. The U.K.’s Accelerated Settlement Taskforce published its final implementation plan, including the T+1 Code of Conduct, on Feb. 6, 2025. The plan outlines the scope,...
Why vol markets shrugged off Nvidia rout

Jan 30, 2025 | risk.net | Faye Kilburn

Record levels of stock dispersion, long gamma positioning among dealers and a large stock of outstanding autocallable bonds helped avert a wider market meltdown on Monday, January 27. Having reacted violently to last August's yen carry trade unwind, volatility markets largely brushed off Monday's massive decline in Nvidia and other semiconductor stocks, which wiped $1 trillion off the US stock market.
T+1 Cuts Risks But Pain Points Remain: ISITC

Jan 29, 2025 | ftfnews.com | Faye Kilburn

ISITC’s chair Rich Robinson says that T+1’s personnel, IT, and capital pain points are persistent for many securities firms. A U.S. securities industry standards group says key issues it raised with regulators prior to the T+1 transition in the U.S., Canada, and Mexico on May 28 last year continue to be pain points for its members. The International Securities Association for Institutional Trade Communication (ISITC) is a nonprofit organization dedicated to promoting the development...
Housing price diffusion study offers lessons for quants

Jan 23, 2025 | risk.net | Faye Kilburn

What do housing price changes and heat hold in common? Both tend to spread across space and time in a similar manner, according to new research from Jean-Philippe Bouchaud, head of $10 billion quantitative hedge fund Capital Fund Management (CFM). The links with hedge fund investing might seem tenuous. But Bouchaud says the research offers valuable lessons about how markets truly function that should interest anyone active in finance.
Calpers adds machine learning specialist Simonian

Jan 15, 2025 | risk.net | Faye Kilburn

Machine learning expert Joseph Simonian has taken on a new role at the California Public Employees' Retirement System (Calpers), the US's largest defined benefit public pension fund. Simonian, a former quant research head at Natixis Investment Management, will oversee equity portfolio design, applied equity research, portfolio attribution and risk management efforts at Calpers in the fund's investment office. He joined the firm in mid November.
U.S. Treasury Hack Changes Dynamics of Cyber Risk

Jan 15, 2025 | ftfnews.com | Faye Kilburn

Experts say firms should treat third-party cyber-attacks as threats upon them. In the wake of China’s latest hack, where so-called advanced persistent threats (APTs) accessed U.S. Treasury Department workstations, cybersecurity experts warn that high-risk financial markets must treat third-party cyber risks “as their own.” Criminal actors compromised BeyondTrust, a widely trusted cybersecurity company used by numerous organizations, especially in the federal government.
Acadian model detects gaps between climate goals and reality

Dec 15, 2024 | risk.net | Faye Kilburn

Acadian Asset Management has built a net-zero alignment model to make probabilistic predictions about entities' chances of meeting their stated decarbonisation goals. The results paint a dire picture about the void between corporations' stated goals and how they are performing in practice. "Companies are not decarbonising - or at least we're not seeing it with our models - at the rate that is suggested by the Paris Accord," says Devin Nial, portfolio manager at Acadian.
SEC Backs FICC’s Changes for U.S. Treasury Securities

Nov 26, 2024 | ftfnews.com | Faye Kilburn

However, reactions to the amended margin framework have been mixed among key industry groups. The Securities and Exchange Commission (SEC) has officially approved a rule change proposed by the Fixed Income Clearing Corp. (FICC) to amend the margin framework applicable to covered clearing agencies for U.S. Treasury securities. FICC officials have been actively collecting margin on U.S. government securities transactions for some time now, but the newly approved rule...