A-Team Insight Author: A-Team
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...
Exclusive: Fed CDO and DMRAV Headliner Bottega Takes on OFR Advisory Role
The US Office of Financial Research (OFR) has bagged another advisor in addition to recent Treasury appointee and ex-Morgan Stanley economist Richard Berner in the form of chief data officer (CDO) for the Markets Group at the New York Federal Reserve John Bottega. Bottega, who joined the Fed as CDO back in 2009 and is headlining...
Thomson Reuters Strengthens China Leadership Team
Thomson Reuters today announced Chen Huang has been appointed the managing director of Investment & Advisory in China. The expansion of Thomson Reuters leadership team in China underscores the company’s commitment to growing its business by building local market expertise in China and across the Asia Pacific region. In this new role, Huang will be...
Algorithmics Makes Case for Data Oriented Risk Management
In its latest paper, Algorithmics sets out the case for an integrated data-oriented approach to risk management, and outlines the practical steps risk IT professionals can take to achieve this. Based on Algorithmics’ innovative risk technology and decades of experience working with financial institutions around the world, the paper provides insight into risk-specific data issues,...
EDI and Failstation Combine their Expertise to Meet Client’s STP Goals
Exchange Data International (EDI), a provider of back office data, announced today a partnership with FailStation, the industry utility that aggregates real time failed trade and pre-matching trades for the industry. Middle Office Solutions (MOS) and Exchange Data International (EDI) have signed a partnership agreement to expand the products and services offered to their clients,...
Aria Protected Funds Selects Pricing Partners’ Derivatives Independent Valuation Services
Pricing Partners announced today that Aria Protected Funds, a Luxembourg-based manager of high yield, protected funds, has selected Pricing Partners’ flagship independent valuation platform, Price-it Online (PIO) for its alternative assets. Aria Protected Funds will use Price-it Online to further validate and challenge counterparty pricing. Price-it Online will add an additional level of transparency and...
Credit Suisse Hires Roger Lehman as Head of CMBS Research
Credit Suisse has hired Roger Lehman as managing director and head of Commercial Mortgage Backed Securities Research, responsible for research and analysis that will support the bank’s re-entry into CMBS origination as well as its secondary trading desk. He will report to Dale Westhoff, global head of Securitized Products Research, and will join the Credit...