Accuity Issues Critical UN and EU Sanctions Data Enhancements for AML Regulatory Compliance
Accuity, the leading provider of payment routing data, AML screening data and software and professional services, announced today the expansion of its industry-leading sanctions data coverage. Companies will now have access to critical information not found on the standard United Nations (UN) and European Union (EU) sanctions lists to help banks and corporations reduce regulatory...
Compliance Specialist co-comply Signs Three New Contracts
co-comply, the compliance and governance software supplier to the institutional and hedge fund industries, announces that it has signed three new contracts in the hedge fund, wealth and institutional asset management markets. Esemplia Emerging Markets, the active emerging markets equity asset manager, has agreed an initial three-year license for all modules of co-comply – the...
SOFGEN’s REG-Reporter Selected By One of the Largest Banks in the World
SOFGEN Holdings (SOFGEN), an international banking IT consulting firm, announced today that its wholly owned subsidiary, SOFGEN Americas, has signed NY Branch of Sumitomo Mitsui Banking Corporation (SMBC), wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), as a REG-Reporter client. SMFG offers a broad range of financial services centered on banking as well as...
ISDA Comments on EC’S MiFID Proposals
The International Swaps and Derivatives Association, Inc. (ISDA) welcomes the publication by the European Commission of legislative proposals relating to its review of the Markets in Financial Instruments Directive (MiFID). The overarching objective of the original MiFID framework was to further the integration, competitiveness and efficiency of European financial markets, and ISDA supports changes that...
ISDA Unveils New Mission Statement
The International Swaps and Derivatives Association, Inc. (ISDA) announced today that its board of directors has updated its mission statement to reflect the Association’s evolving mandate in the rapidly changing global derivatives markets. The new mission statement is: ISDA fosters safe and efficient derivatives markets to facilitate effective risk management for all users of derivative...
Hedge Fund Standards Board Announces New Core Supporters
Aon Hewitt, the investment consultants, and two leading investment firms, Aberdeen Asset Management and Investcorp, have joined the Core Supporters group of the Hedge Fund Standards Board (HFSB). The Core Supporters group, which includes investors, investment consultants and hedge fund managers, is made up of leading backers of the HFSB. Dame Amelia Fawcett, Chairman of...
RBC Dexia Extends Mandate with Comgest to Provide KIID Services
RBC Dexia Investor Services today announced that it has won a new mandate from Comgest, the independent international asset management group, to provide Key Investor Information Document (KIID) services to the Dublin domiciled umbrella, Comgest Growth Fund. RBC Dexia provides a variety of services to Comgest, including fund accounting, custody and financial reporting. The KIID...
Interactive Data and FINRA Provide Transparency into Structured Securities Market
Interactive Data Corporation, a leading provider of financial market data, analytics, and related solutions, today announced that Interactive Data and the Financial Industry Regulatory Authority (FINRA) have developed a set of reports designed to provide transparency into market activity related to U.S. structured securities on a daily basis. The reports consist of the U.S. Structured...
Fiserv’s Hanselman Discusses its Basel III Education Programme
Risk management solution vendor Fiserv has been engaging in an educational outreach programme with the financial services community regarding incoming regulatory developments such as Basel III. Reference Data Review speaks to Orlando Hanselman, education programmes director for risk and compliance solutions at Fiserv, about some of this work with board level execs “There is a great degree...
The RiskBusiness Regulator Survey Shows Some Cause for Concern
In July and August 2011, RiskBusiness International undertook an electronic survey amongst risk management professionals working in the global financial services industry to rate their regulator, anonymously, on its performance in several categories relating to operational risk supervision and oversight: Clarity and completeness of regulations; conformance of regulations to Basel II and Solvency II; approachability;...