Attendees Cover Old Ground Regarding the BIC at Swift’s LEI Meeting
This morning’s discussions at Swift’s London HQ indicate that some corners of the industry are not willing to give up on the notion of a reworked version of the Bank Identifier Code (BIC) becoming a legal entity identifier for the purposes of the global regulatory community. Swift itself may have moved on (and is now...
SIX Telekurs Offers Evaluated Pricing for Distressed Securities
SIX Telekurs has expanded its Evaluated Pricing with a unique solution for valuing securities that are distressed due to credit events. Credit events such as bankruptcy, a missed coupon or interest payment on a swap or debenture can trigger doubt that an issuer will meet its obligations. This can spark uncertainty in the market, and...
MSCI Launches Risk Weighted Indices
MSCI, a provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced today that it has launched three new risk-based indices. These alternatively weighted indices are based on three standard flagship MSCI indices and include the MSCI ACWI Risk Weighted Index, the MSCI Emerging Markets Risk...
QuIC Partners with Solum to Enhance CVA Solution
Markit, a global financial information services company, today announced that QuIC Financial Technologies (QuIC) has agreed to license calculation methodologies developed by Solum Financial Partners to enhance the calculation speed of its credit value adjustment (CVA) solution for counterparty risk managers. CVA quantifies the credit risk inherent in OTC derivative transactions and is integral to...
FSOC, FSB and BCBS Aim to Nail Down the Systemically Important Financial Institution Criteria
The US Financial Stability Oversight Council (FSOC), which has been charged with monitoring systemic risk across the US financial services industry, is currently embroiled in debate about what constitutes a “systemically important financial institution” (SIFI) with the Securities and Exchange Commission (SEC) and the industry at large. The European Financial Stability Board (FSB) is also...
SunGard’s Adaptiv Analytics Increases Speed Sixfold to Support Latest Industry Risk Requirements
SunGard has released a new version of its risk analytics engine, Adaptiv Analytics, that provides improved performance to help customers manage developments in Credit Value Adjustment (CVA) and around regulations such as Basel III capital requirements. Adaptiv helps customers accurately calculate the cost of credit so that traders can correctly price new business while maximising...
JPMorgan Selected by MainePERS as New Global Custodian and Securities Lending Provider
JPMorgan Worldwide Securities Services, a provider of global custody and fund services, today announced that it has been selected by the Maine Public Employees Retirement System (MainePERS) to provide custody and securities services for the State’s US$10.5 billion in assets. JPMorgan will provide a wide range of custody and securities services including: global custody, fund...
Numerix Launches LiquidAsset Product for Pricing OTC Derivatives
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management today announced the launch of its product – Numerix LiquidAsset- for Pricing OTC Derivatives and exchange traded deals. Built upon Numerix’s CrossAsset analytics, LiquidAsset is a function based Excel solution for valuation of the most common set of OTC derivative trade types. “LiquidAsset...
Linedata Launches Latest Version of Linedata Mfact with Web Access to All Fund Accounting Information
Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced the latest release of Linedata Mfact, its fund accounting solution for fund administrators, banks and trust companies, mutual funds and pension funds. With over 20 years of providing reliable, accurate and cost efficient technology, users of Linedata Mfact achieve operating...
GlobeOp Hedge Fund Index Offers First Independent, Timely Window on Liquidity and Investor Sentiment
GlobeOp Financial Services will offer an independent monthly window into hedge fund capital flows with the launch next week of the first in a planned series of GlobeOp Hedge Fund Indices. “There is a real lack of independently confirmed industry data against which hedge fund managers and investors can benchmark their allocations and performance,” said...