SEC Issues Report Cautioning Credit Rating Agencies
The Securities and Exchange Commission (SEC) today issued a report cautioning credit rating agencies about deceptive ratings conduct and the importance of sufficient internal controls over the policies, procedures, and methodologies the firms use to determine credit ratings. The SEC’s Report of Investigation stems from an Enforcement Division inquiry into whether Moody’s Investors Service, Inc...
DTCC and Chilean Depository Sign Agreement to Collaborate
The Depósito Central de Valores (DCV) of Chile and The Depository Trust & Clearing Corporation (DTCC) of the US announced today they have signed an agreement that recognises and strengthens their relationship and will serve as a basis for future collaboration. The objective of this cooperative undertaking, which will leverage the technology and expertise of...
Kroll Ontrack Launches the Next Generation of Document Review with the Introduction of Intelligent Prioritisation
Kroll Ontrack, a provider of information management, legal technologies, and data recovery products and services, today announced the launch of Intelligent Prioritisation within Ontrack Inview version 6.2. This new feature is a significant step towards adding innovative Intelligent Review functionality to its industry-leading document review tool. It empowers legal teams to conduct review in a...
CESR Reaches Out to Credit Ratings Agencies to Elaborate on Data Requirements for New Repositories
Following the passing of the European Parliament and Council Regulation on Credit Rating Agencies (EC 1060/2009) at the end of last year, the Committee of European Securities Regulators (CESR) has been charged with setting in place a new reporting regime for ratings agencies to provide information on the historical performance of their credit ratings issued...
Broadridge Signs Agreement to Acquire NewRiver
Broadridge Financial Solutions announced today that it has signed an agreement to acquire NewRiver, a leader in electronic investor disclosure solutions, for approximately US$77 million. The merger agreement, which was signed last night, has been approved by the boards of directors of both companies, and the transaction is expected to close in August subject to...
UnaVista Expands Transaction Reporting and Reference Data Checking Services to Dutch Market
As promised by Mark Husler, head of information services business development at the London Stock Exchange (LSE), back in May, the exchange operator has extended its transaction reporting service beyond its traditional UK remit into the Netherlands. The LSE has therefore received approval from the Dutch regulator, the Autoriteit Financiële Markten (AFM), to act as...
Cusip Global Services Plans Q4 Launch for Hedge Fund Identifiers, Focuses on Building up New Offerings
Following the announcement back in June last year that it would be teaming up with HedgeFund.net to develop entity identifiers for the hedge fund community, Cusip Global Services (CGS) has said that it is planning the launch of its Cusip for hedge funds service for the fourth quarter of this year. Darren Purcell, director of...
Major Global Banking Group Chooses FRSGlobal for Regulatory Reporting in 33 Countries Worldwide
FRSGlobal today announced that a major global banking group has selected its platform to meet regulatory demands in 33 countries worldwide. The banking group currently uses FRSGlobal solutions in six countries and, following a thorough selection process, has extended the scope to cover a further 27 countries around the world with this most recent signing....
Broadridge Canada and Calculated Design Alliance to Offer Smart Fund Facts Solution
Broadridge Financial Solutions today announced a strategic alliance with Calculated Design – leaders in the automated creation of financial documents, whereby Broadridge will offer the creation of regulatory Fund Facts documents as the newest addition to Broadridge Canada’s Smart Suite of products. This strategic alliance will allow Broadridge to leverage Calculated Design’s expertise in the...
Princeton Financial Systems Offers Clients Unparalleled Speed of Integration with New MIG21 7.0
Princeton Financial Systems (PFS), the market leader in investment compliance today announced the launch of MIG21 7.0, the latest version of PFS’ award winning investment compliance solution. MIG21 7.0 will reach an unparalleled speed of integration without compromising quality. New technology and substantial functional refinements enable MIG21 7.0 to deliver superior configuration management and will...