Oracle Introduces Oracle Financial Services Hedge Management and IFRS Valuations
· Oracle Financial Services Hedge Management and IFRS Valuations is now available to help financial institutions easily comply with regulatory requirements for International Financial Reporting Standards (IFRS). · New IFRS requirements for documentation and transparency make manual and siloed hedge accounting and valuation processes impractical. Given market volatility, hedge accounting must be a fully automated...
Pricing Partners Speeds up General Callable Range Accrual Computation Leveraging Closed Form Solutions
Pricing Partners announced today to have implemented specific closed form solution for general callable range accrual products speeding up the computation by a factor of 100. End users are interested in computing their derivatives books at a portfolio level. Traditionally, the callable range accrual on CMS Spreads takes long time to price when using a...
S&P’s Pagliaro Elaborates on the Details of its Valuations and Risk Partnership with Sapient
Earlier this month, Sapient Global Markets and Standard and Poor’s Valuation and Risk Strategies (S&P VRS) signed a partnership agreement to provide their respective client bases with greater data and risk and pricing analysis capabilities for structured finance products. Reference Data Review speaks to David Pagliaro, senior director at Structured Finance Solutions for S&P VRS, about what...
SIX Telekurs Provides French Taxation and Regulation Information
SIX Telekurs has expanded its compliance-related services with French tax and regulatory information for investors and companies with tax liabilities in France. This new service helps financial institutions with French clients or French assets to correctly prepare their accounts to effectively and efficiently process French tax and regulatory requirements. SIX Telekurs, a leading financial information...
SunGard to Offer Same Day Securities Lending Data
SunGard is now offering same day securities lending data through SunGard’s Astec Analytics Lending Pit solution, helping customers improve price discovery, increase profitability and decrease risk. Broker-dealers and lending agents currently rely on data that is at least one to two days old, making it difficult to monitor the fast moving securities lending market or...
Six Industry Associations Raise Concerns About Privacy of SIFI Data, Ask for More Time for Input on Requirements
The criteria surrounding regulatory assessments for firms that are to be considered systemically important financial institutions (SIFIs) have proved controversial over recent months, but the most recent industry furore seems to be about what happens to the data about these firms once it has been collected. This week, six industry associations wrote a letter to...
Reval Poll Shows Most End-User Costs Would Increase to Comply with Dodd-Frank
In a live webinar poll last week hosted by Reval, the premiere Software-as-a-Service provider for financial risk management, 68 percent of non-financial end-users of derivatives said that they do not have a Credit Support Annex (CSA) in place with counterparties to their OTC derivative contracts, indicating potential cost impacts for key compliance requirements expected under...
SimCorp Releases IFRS 9 Guide for Investment Firms
SimCorp, a leading provider of highly specialised software and expertise for the investment industry, announced today its guide to the International Financial Reporting Standard (IFRS) 9. The guide examines how investment firms can benefit from new measurement models and how they can leverage their IT platform to ensure compliance with the new regulation. The IFRS...
Standard & Poor’s VRS and Sapient Global Markets Alliance
Sapient Global Markets and Standard and Poor’s Valuation and Risk Strategies (S&P VRS) have today announced a formal alliance to provide clients with in-depth valuation and analysis of structured finance securities including asset- and mortgage-backed securities (ABS/MBS), and covered bonds. The agreement will address the need for transparency and risk management for large volume portfolios,...
Reval’s Okochi and Trozzo Highlight Valuations and Data Impacts of US Swaps Market Reforms
It seems everyone’s talking about the data impacts of the Dodd Frank reforms at the moment. Last week, the Commodity Futures Trading Commission (CFTC) hosted a public roundtable on the subject of the new recordkeeping requirements and related standards efforts, and derivatives risk and valuations solution provider Reval also hosted its own webinar on the...