US FDIC Proposes New Registration Requirements for Residential Mortgage Loan Originators
The Federal Deposit Insurance Corporation (FDIC) has published proposals for comment in the US Federal Register that would introduce new requirements for the registration of residential mortgage loan originators, thus adding new legal entity identifiers into the Nationwide Mortgage Licensing System and Registry (NMLSR). Under the proposals, on which firms must provide feedback by the...
Northern Trust Enhances Asset Valuation Capabilities for Investment Operations Outsourcing Clients
Northern Trust announced today it has strengthened its client specific asset pricing capabilities for investment managers on its Investment Operations Outsourcing platform through an agreement with Broadridge Financial Solutions, a technology services company that provides information processing for investor communications and securities transactions. Under the agreement, Northern Trust will utilise Broadridge’s Managed Data Service to...
SIX Telekurs Redefines its Products and Services Categories
In response to client demand for a varied range of both standardised and customised data solutions, SIX Telekurs has redefined its products and services categories, to include SIX Telekurs Solutions. This new product category includes wide-reaching and varied solutions, offering customers a one-stop shop for their data and data solutions requirements. SIX Telekurs is a...
New Chief Executives at Euroclear Finland
The board of Euroclear Finland Ltd has appointed Anso Thiré as chief executive officer and Hanna Vainio as deputy chief executive of the Finnish central securities depository (CSD), Euroclear Finland. The appointments are effective immediately. The necessary approvals have been obtained from the Financial Supervisory Authority (FIN-FSA) of Finland. Anso Thiré will also serve as...
Pricing Partners Released a First Version of the Generic Malliavin Weightings for Greeks in MC and AMC
Pricing Partners announced today to provide a first version of the generic Malliavin Weightings for Greeks in Monte Carlo and American Monte Carlo. Pricing Partners is the first company to provide a generic Malliavin weighting for Greeks in Monte Carlo and American Monte Carlo. This should allow its clients to use less simulation paths to...
CMA Launches Bond Pricing Service for Corporate and Emerging Market Government Bonds
Today CMA launched CMA Datavision Bonds, a service providing daily independent pricing and market metrics for corporate, convertible and emerging market government bonds. CMA Datavision Bonds brings much sought after quality and transparency to bond pricing data, particularly valuable for illiquid bonds, where there can be large variations in pricing. CMA achieves this by applying...
ESMA Praises Joined up Approach to Valuations and Risk Management in IAS 39 Hedge Accounting Changes
The European Securities and Markets Authority (ESMA) has sent a letter to the head of the International Accounting Standards Board (IASB) regarding its views and concerns about incoming hedge accounting changes that are included in the recent exposure draft on IAS 39. ESMA indicates in the letter that the proposals will allow for a more...
SIX Telekurs in Partnership with TFG Systems
SIX Telekurs is partnering with TFG Systems, a provider of real time risk and portfolio management software, to deliver real-time and historical financial data to their trading and risk management platform TFG Complete. SIX Telekurs will provide real-time and pricing data via their apiD product to TFG Systems’ flagship product TFG Complete which allows real...
Opinion: Identifying Portfolio Exposures with Cross Reference Data
By Jackson Griffith, Director of Enterprise Solutions, S&P Valuation and Risk Strategies, McGraw-Hill Financial When a negative market event occurs, risk managers need to quickly determine their exposure to it and the impact it may have on their portfolio. Exposure can come in many forms and may not be obvious at first glance. For example,...
OMG and Enterprise Data Management Council to Collaboratively Develop a Sustainable Framework and Data Standards for Financial Reform
OMG and the Enterprise Data Management Council (EDM Council), a not for profit business forum created by the financial industry to address the issues and challenges associated with managing data content as a business and operational priority, have agreed to address high impact business challenges such as regulatory pressures emerging from financial reform with the...