IASB Proposes Overhaul of Fair Value Accounting Rules
It has been a year of significant changes to the way assets are valued and it seems that more are still to come. This week the International Accounting Standards Board (IASB) released its long awaited proposals for a revamp of the often controversial fair value accounting rules. The IASB’s proposals are, in fact, four months...
CESR Calls for Mandatory Trade Transparency Regime for Non-equity Markets
The Committee of European Securities Regulators (CESR) has called for the introduction of a new transparency regime for non-equity markets. The regulator is concerned that market led initiatives have failed to gain significant traction in the corporate bond, structured finance product and credit derivatives markets and is keen for a greater level of visibility to...
SIX Telekurs Adds Nasdaq OMX Global Index Data
SIX Telekurs has added the Nasdaq OMX Global Index Data Service data feed to its service. The vendor claims customers can now enjoy the benefits of enhanced descriptive data for improved transparency. The Global Index Data Service is a data feed from Nasdaq OMX Information that consolidates all index and exchange traded fund (ETF) valuation...
Hungary’s Wallis Group Opts for SuperDerivatives’ FX Derivatives Valuations
The Wallis Group, one of Hungary’s largest holdings companies, has selected SuperDerivatives to improve its ability to hedge cross border currency exposures and to access independent portfolio valuation for auditing purposes. The Wallis Group, which specialises in investment, consulting and asset management, is a multinational company and needed access to accurate, independent pricing for FX...
AG Insurance Selects Pricing Partners for Structured Products Valuations
AG Insurance, which was formerly Fortis Insurance Belgium, has chosen the Pricing Partners service to perform independent valuation for some of its equity, funds and interest rates structured products. “We wanted to challenge and double check the valuation provided by our counterparties for our OTC products. We were also interested in developing more expertise to...
Andrew Davidson & Company Launches New Valuations Service for MBS
Andrew Davidson & Company (AD&Co) has launched a new valuation service, the Credit Loss Snapshot, which provides the key credit loss metrics now required by FAS 124 and FAS 157 for credit sensitive residential mortgage backed securities. This report extends the valuation services currently provided by AD&Co for other than temporary impairment (OTTI) and Level...
Increased Demand for Risk Analytics from Buy Side, Finds Northern Trust Survey
The institutional investor and investment management community is keen for more data and analytics around risk management, according to a recent survey by global custodian Northern Trust. Not only is risk a prime area of investment for banks, the buy side is also being forced to re-evaluate its approach to risk modelling and analytics. The...
Large US Bank Opts for Pricing Partners’ Price-it Online for Derivatives
A large US bank has selected Pricing Partners’ platform Price-it online to double value its interest rate, inflation and equity derivatives products. This bank, which wished to remain anonymous, decided to innovate in terms of its transparency and proximity with its clients for OTC derivative products. After an assessment of the available solutions, it selected...
Pricing Partners Adds New Models for TEC10 and EONIA Products
Pricing Partners has upgraded its independent valuation internet platform in order to more accurately price TEC10 and EONIA specific products. Financial products on the TEC10 rate, which is the market rate at which for the French government can borrow for 10 years, are under the spotlight because of the importance of the government issuances. This...
DerivActiv Completes SAS 70 Type II Certification for Valuations
DerivActiv, a provider of independent valuations for fixed income, currency and equity derivatives, has completed a Statement of Auditing Standard No. 70 (SAS 70) Type II certification. “This certification is a more rigorous audit of the SAS 70 processes that we put in place in 2008,” says John Trefethen, chief financial officer of DerivActiv. “DerivActiv...