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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….
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…
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…
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…
Broadridge and CTI Form Strategic Alliance to Provide Advanced Tax Reporting and Compliance Solutions
Broadridge Financial Solutions and Compliance Technologies International (CTI) jointly announce that they have entered into a partnership that integrates Broadridge’s Tax Managed Services (TMS) with CTI’s Tax Withholding software. This alliance offers broker-dealers comprehensive tax reporting and compliance capabilities designed to meet the increasingly complex tax processing and withholding needs of financial services firms. Through…
Serious Scientific Task Awaits the OFR and FSOC, Says Systemic Risk Focused Academic Liechty
As well as the data standardisation challenge, the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC) also face the “significant scientific task” of understanding how to use this data, according to academic John Liechty, professor of marketing and statistics at Smeal College of Business for Penn State University and director for…
OFR’s Ref Data Could be a Cyber Attack Target, Warns Sans Institute’s Paller
As well as coming under attack for its central theory of collecting data for systemic risk analysis during a government organised roundtable last week (see more on which here), the US Office of Financial Research (OFR) also came under fire for the potential information security threat it could pose. Alan Paller, founder and research director…
New Chairman of the ABFA
The Asset Based Finance Association has announced the appointment of its new chairman, John Bevan, head of Trade and Working Capital UK & Ireland at Barclays Corporate. John has worked in the invoice finance industry for the past 16 years and been at Barclays Corporate since 2007 where he is responsible for growing the trade…
Deutsche Bank’s Scott and Northern Trust’s Chapman Highlight the Regulatory Deluge Facing Ops Teams in 2012
There are so many regulations facing the corporate actions and securities operations sector that back office teams may be hard pushed to get on with their day job, said Justin Chapman, global head of industry management, operations and technology at Northern Trust, at this month’s CorpActions 2011 conference in London. Nick Scott, managing director and…
EC’s Barnier Indicates Will Not Go Ahead with Proposed Mark to Market Changes Before IASB Rules are Finalised
The European Commission’s EU Internal Market Commissioner Michel Barnier has publicly stated this week that Europe will not go ahead with the adoption of the International Accounting Standards Board’s (IASB) proposed mark to market changes before the related accounting rules are finalised. The accounting standards body has been working on a redefinition of fair value…