Prime Source Extends Agreement with CDO2
Prime Source (NYSE Euronext) Limited, a wholly-owned subsidiary of the NYSE Euronext group specialising in providing independent valuations including derivatives and hard to value securities for banks and investment funds, and CDO2 Solutions Limited (CDO2), a market-leading system provider for pricing and risk analysis for structured credit derivatives, announced today the deployment of an enhanced...
IASB’s Fair Value and Credit Risk Discussion Paper Causes Chain Reaction of Responses
Following the publication of the International Accounting Standards Board’s (IASB) discussion paper on Credit Risk in Liability Measurement in June, the European Financial Reporting Advisory Group (EFRAG) has published a comment letter on the IASB’s proposals. In turn, this has prompted the Committee of European Securities Regulators (CESR) to publish a response to the concerns...
Advantage Asset Managers Scores a World First with DST Global Solutions
DST Global Solutions today announced that Advantage Asset Managers (AAM), one of South Africa’s multi-managers, has become the first company worldwide to implement DST Global Solutions’ new unit pricing workbench software, the latest addition to its HiPortfolio suite of products. David Wakerley, chief technical officer of AAM, said: “We needed an application that would enable...
Political Distractions Getting in the Way of Data Progress for the ECB?
With the ongoing global regulatory overhaul and the planning for the launch of its Target2-Securities (T2S) project well underway, it’s no surprise that the European Central Bank (ECB) has decided to put its reference data utility plans on a backburner for the time being. The central bank will continue to gather feedback about the idea...
Ask the Experts: How will the ECB’s T2S Project Impact Data Management?
The European Central Bank’s (ECB) proposed Target2-Securities (T2S) project has faced more than its fair share of controversy since it was first announced in 2006, but what will be its likely impact on the data management community? Reference Data Review decided to ask a few industry participants about how they feel T2S will alter the...
Point Nine Actively Targeting More Traditional End of Buy Side, Says CEO Matsis
Following the announcement that it has added an interface for corporate action data from FactEntry earlier this month, Point Nine CEO Yannis Matsis spoke to Reference Data Review about how IT investment such as this is reflective of its future client focus. The vendor has traditionally pitched its various solutions, which include a corporate actions...
RBC Dexia Selected By Manulife Singapore For Fund Valuation
RBC Dexia Investor Services has been selected by Manulife (Singapore) Pte Ltd to handle the fund valuation for 42 Investment Linked Portfolios, accounting for over SGD1.5 billion in funds under management and consisting primarily of fund of funds structures. “Outsourcing is an important strategic decision and it is imperative that the right partner is selected...
Basel Committee Issues High Level Principles for Accounting Standards
The Basel Committee on Banking Supervision has released a set of high level principles to assist the International Accounting Standards Board (IASB) in replacing International Accounting Standard (IAS) 39, which is related to fair value measurement. The IASB is currently endeavouring to develop new global accounting standards to improve the decision usefulness and relevance of...
DTCC Provides Further Market Transparency on OTC Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) today has brought further transparency to the global credit default swaps (CDS) market, worth more than US$31 trillion, by expanding its public release of CDS data maintained in its Trade Information Warehouse to include historical information on those contracts. The warehouse is a comprehensive global repository for the...
CME Group Poaches CMA Subsidiary’s CEO Paulhac for OTC Focused Role
CME Group has transferred the CEO of one of its subsidiary companies, credit derivatives data provider Credit Market Analysis (CMA), to its own executive management team. Laurent Paulhac has been appointed as managing director of OTC products and services for CME Group and will be responsible for leading the development, execution and management of CME...