A-Team Insight Author: A-Team
Virginie’s Blog – Entity Data Management Falls Down Cross Border
In the same week that the Royal Bank of Scotland’s US ops were slapped with a cease and desist order by the Fed for anti-money laundering (AML) and risk management failures (see more on which here), the International Monetary Fund (IMF) produced a working paper on the state of cross border AML compliance highlighting the...
Talend Closes First Half of 2011 with Significant Growth and Increased Industry Recognition
Talend, a global open source software leader, today announced the results of its first half of 2011. Within the first six months of the year, the company experienced significant success with record growth as a result of new customer deals and expansion within the existing customer base. “When we entered 2011 we had identified specific...
Credit-Adjusted Data on S&P Rated Banks Added to Global Credit Portal
S&P Valuation and Risk Strategies today announced the launch of CreditStats Direct for Financial Institutions, a powerful new data and analytics application that provides direct access to credit-adjusted financial data with up to 3-years history for banks rated by S&P. The addition of this credit analysis tool allows market participants to gain in-depth insight into...
Gamma Finance Appoints Director of Advisory Business
Gamma Finance, the leading provider of solutions-based services for secondary market transactions in illiquid hedge fund assets, has appointed Benjamin Keefe as director of its new Investment Advisory business. This additional business line provides a complementary range of services and solutions to Gamma Finance’s buy-side and sell-side clients. Prior to joining Gamma Finance, Benjamin was...
Level 3 Goes Last Mile to LSE
A bit more insight into the Level 3/London Stock Exchange news today. After previously relying on others – competitors – to provide last mile connectivity to the LSE’s co-location centre, the connectivity provider now owns that segment. While that means slightly lower latency, the main benefit is related to control and management, so Level 3...
Fed’s Cease and Desist Order for RBS Highlights the Data Issues Underlying its AML and Risk Management Practices
The issuance of a joint consent cease and desist order by the US Federal Reserve Board and a number of other state regulators last week for Royal Bank of Scotland (RBS) Group’s New York, Illinois and Connecticut branches indicates some of the data issues underlying its risk management and anti-money laundering (AML) compliance functions. The...
Opinion: Risk Management Nirvana Comes Together in the Form of Real-time
By Dale Stevens, business development director for Capital Markets at SAS UK The case for real-time risk management was made clear in report published by Lepus earlier this week. The report is based on interviews with senior representatives from four global banks and two independent consultants with extensive past experience in the field of risk....
Large Trader Reporting and the Data Nightmare
Continuing on my ‘busy summer’ theme and adding to the seemingly constant barrage of new regulatory requirements, the Securities Exchange Commission (SEC) has this week voted unanimously to adopt a new rule establishing large trader reporting requirements (see the release on the SEC’s website here). Of course, the aim of the new rule (as with...
IASB Kicks off Public Consultation About Future Focus of IFRS Work Plan
The International Accounting Standards Board (IASB) has asked the industry to provide feedback about its future priorities, as Europe pauses before implementing fair value standards and the standard body awaits a decision from the US about adoption of International Financial Reporting Standards (IFRS). IASB chairman Hans Hoogervorst stated this week that the consultation comes “at...
CFTC’s New Data Standardisation Subcommittee Plans 5 August Public Meeting
Following the establishment of its new subcommittee on data standardisation under the auspices of its Technology Advisory Committee (TAC) in June, the Commodity Futures Trading Commission (CFTC) has announced that the first public meeting of the new group will take place at 1pm (EDT) on 5 August at the regulator’s conference centre facilities in Washington....