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Opinion: A Reader Suggests an Organisational Structure for Thomson Reuters FP&M
By Ross InglisAs a long-time former employee of Thomson Reuters (over 14 years), I took little pleasure in seeing the changes announced last month. It has been a difficult period following the acquisition of Reuters by the Thomson Corporation and it has not been made any easier by upheaval in the world’s financial markets and…
CUSIP Request Volume Forecasts Slowdown in Corp and Muni Debt Issuance
In the US, domestic corporate CUSIP requests slipped to 1,614 in July from June’s total of 1,713, a (-5.8%) drop. Municipal debt CUSIP requests fell (-30%) from June’s totals with only 970 new identifiers sought. Internationally, debt and equity CUSIP activity have continued to fall for the fourth straight month, with only 228 international equity…
Trucost/Factset Partner to Boost Environmental Risk Disclosure to Investors
In a major step forward for investment analysts, the extensive environmental performance data available from Trucost will now be accessible for the first time over FactSet. This will allow investors to seamlessly embed environmental risk management into their everyday decision making, alongside traditional financial metrics. The new partnership creates an integrated approach to analyzing the…
State Street Global Advisors Appoints Head of UK, Middle East and Africa Institutional Business
State Street Global Advisors (SSgA), the investment management business of State Street Corporation, today announced the appointment of Susan Raynes as head of its UK, Middle East and Africa (UKMEA) institutional business. Raynes will report to Greg Ehret, head of SSgA Europe Middle East and Africa (EMEA) and will be responsible for identifying institutional business…
Broadridge Appoints Stefanie Shelley as Chief Marketing Officer
Broadridge Financial Solutions announced today that it has appointed Stefanie Shelley as its Chief Marketing Officer, effective immediately. In her new role, Ms. Shelley will be responsible for Broadridge’s global marketing functions, including the company’s brand strategy, all brand and product marketing efforts, corporate communications, and digital and social media marketing. “Stefanie is a proven…
Additional International Consensus on the Proposed LEI Needed Before Rules Can be Issued in 2012, Says OFR’s Berner
Although the Office of Financial Research (OFR) was due to issue a rule regarding the adoption of its proposed legal entity identification (LEI) standard before the end of last month, the deadline has slipped due to the need to gain additional international input on the subject, according to the Treasury’s Richard Berner. Berner, who was…
AFME Pledges Support for a Consolidated Tape, Gathers Info on Post-Trade Transparency for Non-Equity Markets
As part of its response to the European Commission’s proposals under the second iteration of MiFID, the Association for Financial Markets in Europe (AFME) has championed the cause of a consolidated tape for post-trade equity data in the region. However, although it acknowledges the need for greater transparency in the non-equity markets, the industry association…
Costs of Living Wills Requirements Likely to be Considerable But Are Hard to Estimate, Says Kinetic Partners’ Shrimpton
The UK Financial Services Authority (FSA) has just released a new consultation paper on its proposals for recovery and resolution planning requirements, which estimates that the direct costs of implementation will be between £4 million and £35 million for “high impact” firms and the ongoing compliance costs to the industry will be between £150 million…
SIX Telekurs and TNS Intensify Collaboration to Target Growth in Asia
Financial information provider SIX Telekurs and Transaction Network Services, a global data connectivity provider, are intensifying their collaboration to source real-time market data from high growth financial centres in Asia. TNS will host communications between market data sources in Asia and SIX Telekurs? regional data centre in Singapore. Significant among the data sources are stock…
IMS Launches SEC Service to Help Advisers & Managers Cope with Dodd-Frank
A new service has been developed by The IMS Group (IMS), the leading regulation and compliance consultancy, to meet the needs of non-US based investment managers affected by the imminent implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. More than three quarters of the hundred delegates at a recent IMS conference expressed…