According to DerivSource poll, over 50% of viewers cited valuations as the top operational concern for 2008.
DerivSource viewers were asked ‘which operational function will you focus on most in 2008?’ During the three months this survey was active, 54% voted for valuations, 31% voted for confirmations, and 15% for collateral management.
One DerivSource member, noted independent valuations is increasingly important in the current market conditions while confirmations, at least in the credit markets, are being dealt with on a wider industry level. Collateral management projects definitely have a place on technology agendas this year but plans related to both valuations and confirmation processing are more of a priority, a second DerivSource member added.
Do you agree? Are valuations the most pressing operational concern for your shop?