A-Team Insight Author: A-Team
Cloud Industry Forum Joins Third Party Assurance Initiative
The Cloud Industry Forum (CIF) today announced it has partnered with the Third Party Assurance Centre (TPAC), a business assurance initiative, formed to help minimise outsourcing risks. Other industry bodies partnering with TPAC include the Information Security Forum, Cloud Security Alliance, Common Assurance Maturity Model, and the Payment Card Industry board of advisers. A recent...
SEC Names Kathleen Weiss Hanley as Deputy Chief Economist and Deputy Director of Riskfin
The Securities and Exchange Commission today announced that Kathleen Weiss Hanley has been named Deputy Director and Deputy Chief Economist for the SEC’s Division of Risk, Strategy, and Financial Innovation (RiskFin). RiskFin was created in September 2009 to provide interdisciplinary analysis to help inform the Commission’s policymaking, rulemaking, enforcement, and examinations. The division encompasses the...
Growth in APAC Economies Drives Netik Expansion into Asia Pacific Region
Netik, the global leading provider of financial data creation, management and distribution services and solutions, announced today a key strategic move in the Asia Pacific region with the opening of its Hong Kong office. As part of Netik’s overall repositioning strategy and to complement their existing commercial centres in New York and London, the Hong...
BI-SAM Releases B-One 3.3 Including the SRRI Calculation to Meet KIID Requirements
BI-SAM, a leading provider of data management, performance, attribution, risk, GIPS composites and reporting solutions for the global asset management industry, today announced the release of B-One 3.3, the latest version of its award- winning platform. B-One 3.3 enables performance and reporting teams to further optimise their production value chains and focuses on helping asset...
BM&F BOVESPA Unleashes Puma for Spot FX Today
Brazil’s BM&FBOVESPA exchange goes live today with the first phase of its Puma Trading System, a multi-asset platform, based on Globex technology from the Chicago Mercantile Exchange, with an aim to reduce trade execution to less than a millisecond. Today, the exchange is commencing trading on Puma with spot foreign exchange. Next up are derivatives...
NYSE Loosens Liquidity Centre Access
While there are no official statements being issued, inside word suggests that NYSE Euronext is loosening the restrictions previously in place on network access to its liquidity centres. Essentially, the exchange is now allowing remote access to its matching engines via networks other than its own SFTI. Since flipping the on switch at its liquidity...
Virginie’s Blog – It’s Good to Talk (But Actions Are Also Needed)
August has truly been a month dominated by discussions at the regulatory level about data standards. Not only has the Committee on Payment and Settlement Systems (CPSS) teamed up with the International Organisation of Securities Commissions (IOSCO) to produce a consultative report on the means via which OTC derivatives data should be collected, stored and...
FATCA Compliance Will Cost Banks 5 Times that of Client Money Compliance, Warns Crossbridge
Crossbridge , the financial markets consultancy, today warned that complying with the incoming FATCA legislation from the US could cost investment banks five times as much as complying with the UK’s new CASS regulations, which will be implemented in little over a month’s time. Indeed, one bank that Crossbridge is working with has assigned 40%...
Firms Likely to Wait Until November Deadline to Comply with AII Reporting Requirements, Says Xtrakter’s Dingley
Although the UK Financial Services Authority (FSA) has provided a four month window for firms to become compliant with transaction reporting using the Alternative Instrument Identifier (AII), firms are likely to wait until the final November deadline for compliance before they begin using the new derivative instrument ID, according to Christopher Dingley, product manager for...
RBC Dexia Appoints New Director in Singapore
RBC Dexia Investor Services today announced the appointment of Eric Chua to Director of Business Development, Singapore. Mr Chua has been appointed to help drive RBC Dexia’s growth strategy in Asia for both onshore and offshore client mandates. He will report to Diana Senanayake, Managing Director, Singapore for RBC Dexia Investor Services. Ms Senanayake commented:...