Principia Adds Intex Performance Data to Structured Finance Platform
Principia Partners, a solution provider for the management and administration of structured finance investments, today announced its integration of Intex performance data into the Principia Structured Finance Platform (Principia SFP). Intex Historical Collateral Performance Data for an extensive range of measures, including delinquency, loss and prepayment rates for over 23,000 Intex modelled RMBS, ABS, CMBS...
Instrument and Entity Identification are Key Issues for MiFID Forum’s Transaction Reporting Subject Group
Given the high profile fines that have been handed out over the last 12 months in the UK for data related transaction reporting failures, it is no surprise that the subject of entity and instrument identification is top of the list for the recently formed Transaction Reporting Subject Group of the MiFID Forum. Alan Jenkins,...
Euroclear and Broadridge Plan to Jointly Offer End to End Shareholder Voting
Broadridge Financial Solutions and Euroclear have signed a memorandum of understanding (MoU) whereby both firms are looking into forming an alliance to jointly strengthen shareholders’ governance rights by making it easier for investors to vote electronically at company general meetings. Under the EU Shareholders’ Rights Directive, currently being transposed into Member State law, investors must...
Société Générale Securities Services Mandated by the Paris branch of Credit Suisse Securities Europe to Provide Independent Pricing Services
Société Générale Securities Services (SGSS) has been mandated by the Paris branch of Credit Suisse Securities Europe Limited to provide completely independent secondary pricing of structured products to a number of its institutional clients. This secondary pricing will thus enable them to meet increasingly rigorous regulatory requirements. SGSS has over five years experience in the...
Broadridge Announces Shareholder Forum in Canada
Broadridge Financial Solutions today announced the Canadian rollout of Shareholder Forum, a hosted online venue where validated shareholders can submit questions, vote their shares, respond to surveys and interact directly with their corporate issuers year-round. Corporate shareholders are increasingly relying on online tools to obtain information, voice their opinions, communicate and vote. The Broadridge Shareholder...
ECB’s Trichet and González-Páramo Indicate it is Working on Data Foundations for the ESRB
One of the main requirements for conducting accurate and efficient macro-prudential oversight, as included in the remit of the incoming European Systemic Risk Board (ESRB), is to have a solid data foundation on which to base judgements with regards to systemic risk analysis (as noted by Reference Data Review last month). No surprise then, that...
FactSet Focuses on Entity Data Related Product Launch Before the End of the Year
Following the signing of a joint venture with the London Stock Exchange (LSE) in February to add its entity data to the UnaVista platform, data vendor FactSet has been focused on adding another string to its entity data bow by building a single name exposure offering, which it plans to launch before the end of...
Information Mosaic Expands US Operations to Support Growth
Information Mosaic, the global provider of post-trade automation solutions, has announced the significant expansion of its US operations to support existing market demand for the automation of post-trade operations. As part of the expansion, the company has made two senior hires in the New York office. The addition of Douglas Jeffrey as president, Americas and...
Data Transparency is Key to Risk Exposure Assessment for the Derivatives Market, Agree BNP Paribas’ Ruault and Newedge’s Colette
Data management solutions are receiving buy in from top level management because of the requirement to assess risk exposures in real-time and react to business opportunities and challenges, said Philippe Ruault, head of clearing, settlement and custody products at BNP Paribas, at last week’s SunGard City Day in London. Risk management has become much more...
SGSS’s De Nexon Highlights Challenge of Moving to the ISO 20022 Messaging Format
The decision to move to the ISO 20022 message format is not being taken lightly by the majority of the financial institutions in the market; Société Générale Securities Services (SGSS) for one is currently weighing up the ability of its clients and counterparties to support the standard and the migration costs involved. Eric De Nexon,...