A-Team Insight Author: A-Team
Princeton Financial Systems Signs Invesco Great Wall FMC, Expands Presence in China
Princeton Financial Systems today announced that it has signed Invesco Great Wall FMC (IGW) as a new PAM client. IGW joins other recently signed PAM clients in China, Franklin Templeton Sealand Fund Management Co., Ltd. (Shanghai) and UBS-SDIC Fund Management Co., Ltd. (Shenzen) as Princeton Financial Systems expands its presence in this region. As the...
Kempen & Co. Replaces Equity Derivatives Pricing and Data with SuperDerivative
Kempen & Co. has selected SuperDerivatives (SD), the derivatives benchmark and leading multi-asset front office solution, to replace its existing equity derivatives market data and pricing service. As a leading merchant bank and asset manager in the international market, Kempen & Co required an accurate benchmarking tool in the interbank OTC equity market, as well...
S&P’s Money Market Directories Expands Its Coverage Beyond the US and Canada
Standard & Poor’s Money Market Directories (MMD), a source of financial research and data on the institutional investor industry, announced expanded international coverage with the availability of its MMD Global dataset on MMD WebAccess. This new MMD dataset includes asset information and contact details of pension funds, endowments, tax exempt organisations and sovereign wealth funds...
ISDA Announces Interest Rate Derivatives Trade Repository Selection
The International Swaps and Derivatives Association (ISDA) announced today that the ISDA Rates Steering Committee (RSC) has chosen Depository Trust & Clearing Corporation (DTCC) to partner with the RSC on the next stage of development of the Interest Rate Trade Repository. This selection is the result of a public Request for Proposals (RFP), which was...
Calastone Advocates Market Wide Re-registration and Interoperability of Service
Calastone, the global messaging and settlement transaction network for the mutual fund industry, announces that it is on schedule to deliver the first solution for re-registration to market whilst at the same time offering to extend usage and connectivity to other re-registration service suppliers. Connecting via the UK market practice group message standard, the agreed...
Is There a Disconnect Between Basel III and the US FSOC on SIFI Criteria?
Chris Brummer, a senior fellow at the Milken Institute, reckons the current manner in which Basel III is taking shape may conflict with rules being developed by the US Financial Stability Oversight Council (FSOC) regarding the criteria by which firms are categorised as “systemically important financial institutions” (SIFIs). FSOC, the European Financial Stability Board (FSB)...
SEC Seeks Comment to Assist in Study on Assigned Credit Ratings, Examines Utility Model
As part of its broader examination of the impact of credit ratings agencies on the financial markets, the Securities and Exchange Commission (SEC) has published a new request for comment on the feasibility of a system in which a public or private utility or a self-regulatory organisation would assign a nationally recognised statistical rating organisation...
BNY Mellon Appoints Arthur Certosimo CEO of Global Markets
BNY Mellon, the global leader in investment management and investment services, today announced the appointment of Arthur Certosimo as CEO of Global Markets. Certosimo, who is currently CEO of Alternative, Broker-Dealer and Treasury Services, will succeed Richard Mahoney, who is retiring at the end of June as previously announced. Certosimo will report to Gerald Hassell,...
Broadridge and Euroclear Complete Agreement to Offer New End-to-End Proxy Voting Service
Broadridge Financial Solutions today announced that it has signed an agreement with Euroclear to jointly strengthen shareholders’ governance rights by making it easier for investors to vote electronically at company general meetings. The agreement follows an earlier memorandum of Understanding between the two organisations signed in October 2010. Under the new agreement, Broadridge and Euroclear...
US SEC: XBRL for Financial Statements
The Securities and Exchange Commission has adopted rules requiring companies to provide financial statement information in XBRL (eXtensible Business Reporting Language) to improve the information’s usefulness. This is an overview for companies that are required to begin submitting XBRL data during 2011 and summarises some of the main process issues, lessons learned to date and...