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ISDA Hosts Regional Regulators Workshop
The International Swaps and Derivatives Association, (ISDA) hosted an Asia Pacific Regulators Workshop in Hong Kong today with supervisors and policymakers from 19 regulatory bodies across the Asia Pacific region. The one-day session, which was a follow-up to the ISDA Asia Pacific Regulators Summit held in May, addressed specific challenges related to the implementation of…
Cleartrade Exchange Helps Clients Meet Dodd Frank Regulations with Trade Repository
Cleartrade Exchange, the global electronic marketplace for freight and commodity derivatives, announced today that its Trade Repository, an integral part of its trading platform, has now been released to clients. Unlike most “old tech” solutions which are intra-day at best, the Cleartrade real-time Trade Repository automates the production of trade confirmations, in the form of…
Alexander Forbes Offshore appoints Richard Buchanan
Alexander Forbes Offshore, part of the Alexander Forbes International Group has appointed Richard Buchanan to Operations Director, based in Jersey. Richard joins Alexander Forbes from Alpha Bank Jersey where he was Managing Director. He has extensive operations, marketing and sales management experience gained over many years in the offshore financial services arena. He has also…
ISDA Marks First Anniversary of Dodd-Frank Act: Clearing, Transparency Drive Improvements
At the first anniversary of the Dodd-Frank Act, market participants, policymakers and others are assessing the safety of the over-the-counter (OTC) derivatives markets in light of the legislation as well as efforts the industry has undertaken over the past few years in conjunction with global regulators. The International Swaps and Derivatives Association, Inc. (ISDA) believes…
The AIFMD in Focus: Valuations and Data Reporting Requirements Incoming
The controversial Alternative Investment Fund Managers Directive (AIFMD), which was first proposed in 2009, was published last month and is due to come into force over the next couple of years, includes key data related requirements such as increased transparency into valuations and new fund registration processes. A-Team Insight examines the latest and final version…
New UK CEO Takes the Helm at Leading Financial Services Consultancy Capco
Capco, the global business and technology consultancy dedicated solely to the financial services industry, has announced today that Andrew Tarver has been appointed Capco’s UK Chief Executive Officer. Thirty-five year old Andrew was previously a Partner in Capco’s UK capital markets team. Ismail Amla, Capco’s previous UK CEO, will now head Capco’s North American practice….
“Hockey Stick” Moment for CVA Due to Regulatory and Accounting Rule Changes
Accounting standards changes, Basel III and the development of industry best practices for risk management and valuations have caused a “hockey stick moment” for the development of credit valuation adjustment (CVA). Dan Travers, product manager for Adaptiv and CVA solutions at SunGard, explains that CVA is a fast evolving area and the last five years…
Guilty Until Proven Innocent: The Data Quality Imperative Underlying Recent Risk Management and Regulatory Requirements
There seems to be a recurring refrain within a whole host of recent regulatory papers, including the MiFID Review, UCITS IV, Basel III, Solvency II or any number of UK Financial Services Authority (FSA) papers: references to accuracy, consistency, timeliness, reliability and completeness of data are present in all of them. Reference Data Review speaks…
Teradata’s Krishna Champions Data and IT Focused Amendments to OFR’s Structure, Talks up Big Data
Data warehousing solution vendor Teradata has thrown its hat into the ring to act as a key technology partner to the US Office of Financial Research (OFR) and Dilip Krishna, vice president of financial services at the vendor, testified during last week’s government organised roundtable on systemic risk about the benefits of a big data…
Misra Exits Algo Technologies
According to an email he circulated earlier today, Hirander Misra has resigned as CEO of Algo Technologies, a vendor of low-latency data management and connectivity, and matching engines. Misra gave no reason for the resignation, but said he would remain a board director and shareholder in the company. As for his immediate future, Misra said…