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IIF Calls for Set up of International Task Force to Tackle Cross-Border Resolution; Legal Entity Experts Needed
The Institute of International Finance (IIF), which includes members from the world’s largest financial institutions and is headed by chief exec of Deutsche Bank Josef Ackerman, has called for the establishment of a G20 led task force to tackle the issues involved in establishing internationally agreed cross border resolution agreements. The crack team will need…
Netik Adds Another Ex-Deutsche Bank Exec Manaktala to Lead Expansion of Bangalore Operations
Following the exit of former CEO John Wise, former president Colin Close and long serving exec Keith Hale earlier this year, data management outsourcing solution vendor Netik had some serious management shoes to fill and, to this end, has added another ex-Deutsche Bank exec to its ranks in the form of Ishan Manaktala. Manaktala joins…
Interactive Data Delivers Faster Corporate Actions
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced new enhancements to its global Corporate Actions Service. Interactive Data has introduced new technology and internal workflow to deliver comprehensive global corporate actions and related information throughout the day that can help firms with their trading strategies and more effectively…
September 2014 is Revised Deadline for T2S; New Directive Poses Potential Threat
As noted by Reference Data Review earlier this year, the launch of the European Central Bank’s (ECB) Target2-Securities (T2S) project has been delayed by at least a year due to a “longer than expected” development phase. Hugh Simpson, senior advisor to the T2S programme from Bourse Consult, told delegates to last week’s Xtrakter user conference that new…
DTCC Significantly Increases Securities Covered by Global Corporate Action Validation Service
The Depository Trust & Clearing Corporation (DTCC) announced today that it has significantly increased the number of securities in its coverage of corporate actions announced through its Global Corporate Action Validation Service (GCA VS). The GCA VS, a service of DTCC Solutions LLC, provides the largest centralised source of “scrubbed” corporate action announcement information for…
Middle Office Cinderella Finally Getting its Day in the Spotlight Due to New Transparency Requirements, Says Op Risk Panel
The new transparency requirements that are being mooted as part of the MiFID review process by the Committee of European Securities Regulators (CESR) have resulted in a surge of interest and investment in the middle office, according to panellists discussing operational risk at last week’s Xtrakter user conference. Godfried De Vidts, director of European Affairs…
Consensus is the Hardest Word
If nothing else, the reference data utility panel at last week’s Xtrakter conference again proved how difficult it is to agree on the best way to proceed with data standardisation, even if the conversation about the subject has been ongoing for several years. Francis Gross, head of the external statistics division at the European Central…
PaceMetrics’ Giblin and Boon Talk up the Benefits of a Lean EDM Model
It may have been a quiet start for PaceMetrics in the enterprise data management (EDM) space when it bagged its first EDM client back in 2004, but the vendor is hoping to raise its profile in the space over the course of this year, according to CEO Gerry Giblin and director of global sales and…
Amplifying the Data Issue
If there was one main message to be gleaned from our counterparty data and risk management seminar this week, it was that the current regulatory and risk management focus on entity data is proving to be of benefit to the data management community as a whole. The scrutiny of firms’ counterparty data management as a…
SAS Focuses on Risk Data Integration, GRC and High Performance Risk in 2010, Says Rogers
Following the signing of a partnership agreement with derivatives analytics vendor Fincad at the start of this year, SAS has been steadily investing in its overall risk solution set over the course of the last five months, including adding more credit scoring capabilities to its SAS Risk Management for Banking. David Rogers, SAS global product…