A-Team Insight Author: A-Team
Wholesale Market Brokers’ Association Publishes Repurchase Overnight Index Average (“Ronia”)
Wholesale Market Brokers’ Association (“WMBA”) today announces that it is publishing the Repurchase Overnight Index Average (“RONIA”), a new UK secured money market benchmark. The new index tracks actual market secured overnight funding rates in sterling and is compiled as a weighted average of transactions brokered in London, supplied by members of the WMBA between...
New Research Points to Systemic Failure of Spreadsheet Risk Management Within UK Organisations
A new survey* from ClusterSeven, an international provider of strategic spreadsheet and data management software, shows that 56.5% of spreadsheet users have never received formal training on the spreadsheet package they use. Worryingly, 47% have never even been offered spreadsheet training. Of those surveyed by ClusterSeven, 72% admitted that no internal department checks their spreadsheets...
LCH.Clearnet Appoints Susan Milligan as Head of US Public Affairs
LCH.Clearnet has appointed Susan Milligan head of US public affairs. Based in Washington D.C., Susan will be responsible for representing LCH.Clearnet Group with the US Congress and the federal agencies and will liaise with the US media. Susan joins LCH.Clearnet from the Options Clearing Corporation (OCC), where she managed federal government relations and all corporate...
Commerzbank’s Natter Highlights Progress of its Data Management Project with Asset Control
Following its merger with Dresdner Bank in 2008, Commerzbank opted to integrate its risk management processes and instead of building an in-house solution for the data underlying those processes, it selected Asset Control’s AC Plus platform for the job. Speaking at last month’s A-Team Group Data Management for Risk, Analytics and Valuations (DMRAV) conference in...
Swift’s Halberstadt and Pobuda Elaborate on its Progress in the FX and Payments SSI Space, Reference Data Utility Plans
It is no secret that Swift’s 2015 plan includes a great deal more about reference data than previous strategies devised by the industry network operator. In February, Swift announced that it would be putting words into action in the payments and FX standing settlement instruction (SSI) space by establishing a new service in these markets,...
Fitch Launches Analytical Tools for EMEA and Asia-Pacific Corporates
Fitch Ratings has released tools designed to help investors better understand Fitch’s analytical approach, in particular the agency’s approach to computing credit metrics in IFRS jurisdictions, and its bespoke recovery analysis. “These new tools are a continuation of EMEA Corporates’ Clear Thinking programme, which is designed to make Fitch’s ratings more transparent and useful to...
AIFM Level 1 Directive Still Not Fit for Purpose in Spite of Delay, say Kinetic Partners
Level 1 of the AIFM Directive, which was due to be published in Q1 2011, was finally published by the EU on 27th May. It was hoped that the delay was an indication of the level of improvements that were needed and that the final published text would have addressed all the deficiencies present in...
Virginie’s Blog – Swift’s Future Focus?
Swift has a serious decision to make this year about its potential future in the securities reference data space, beyond legal entity identification and standing settlement instructions (SSI) in the FX and money markets that is… Last month, Swift was selected by ISO as the successful candidate to act as the registration authority for its...
Thomson Reuters Adds Ex-Wolters Kluwer Exec Curtis to its Ranks
The revolving door at data giant Thomson Reuters continues to spin unabated (see commentary on the recent slew of people moves) with the addition of ex-Wolters Kluwer MD Dean Curtis to its ranks. Curtis, who was with the regulatory solutions specialist for nearly four years and was likely a casualty of the recent FRSGlobal acquisition,...
Translation Fears Mount Over KIID Documents
Legal, translation and reporting specialists have voiced fears over the burden for fund promoters under UCITS IV. Among the important legal, workflow and production challenges in meeting the KIID (Key Investor Information Documents) requirements to be implemented in July, fund managers that wish to ‘passport’ UCITS funds into other EU states will have to translate...