About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Interactive Data Adds New Market Data Report to Assist FAS 157 Compliance

Subscribe to our newsletter

Interactive Data’s Pricing and Reference Data business has broadened its Evaluated Services capabilities for clients with the launch of a new monthly market data report. The new offering is aimed at helping clients prepare for fair value measurements under the Financial Accounting Standards Board’s (FASB) Staff Position (FSP) FAS 157-4.

FSP FAS 157-4 provides additional guidance to preparers of financial statements for determining when the volume and level of activity for an asset or liability have significantly decreased and for identifying transactions that are not orderly. Interactive Data was one of nearly 350 organisations and individuals that responded to FASB’s request for comments to the proposed FSP FAS 157-e, which was adopted as FSP FAS 157-4.

Interactive Data’s monthly market data report contains information regarding market activity in different asset classes including US corporate bonds, US municipal bonds, and US asset backed and mortgage related securities. This report is available free of charge to Interactive Data’s Evaluated Services clients. A key tenet of Interactive Data’s evaluations process is to review market information and identify activity that may not be indicative of orderly transactions.

In addition to the monthly market data report, clients can also now submit and track evaluation inputs requests online via Interactive Data’s 360View service. With 360View, clients can also review key assumptive data used in the evaluation process for structured securities including collateralised mortgage obligations (CMOs), asset backed securities (ABS) and commercial mortgage backed securities (CMBS).

Interactive Data has also expanded its evaluations capabilities by adding new coverage for mortgage backed securities. It has added coverage for 18 new pool types, totalling 1,625 securities — including securities backed by relocation and jumbo loans.

“Our Evaluated Services team continues to respond quickly to our clients’ needs by providing a variety of expanded services and broader coverage to assist with fair value measurements and to help clients determine valuations for a wider variety of complex securities,” says Shant Harootunian, managing director of Evaluations for Interactive Data. “Financial institutions can realise benefits by utilising independent evaluations of fixed income securities, instead of traditionally used broker quotes, as inputs to their valuations processes.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Cross-Regulation Data Consistency and Accuracy

Regulatory reporting obligations continue to expand, bringing with them more overlaps of data elements across reporting regimes. As many firms struggle with the accuracy and completeness of individual reporting obligations, regulators have increasingly begun to focus on cross-regulation data consistency in their data validations and examination processes. This webinar will identify cases of data overlap...

BLOG

Preparing for a Period of Regulatory Change

Murray Campbell, Business Consultant at AutoRek, considers how the compliance regime for UK financial services firms is changing and how outsourcing can help firms manage the regulatory burden. In recent years, the UK financial services industry has found itself with an opportunity to redefine the compliance landscape. Brexit has allowed the UK to break away...

EVENT

RegTech Summit APAC

Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...