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UK FSA Pokes Holes in Investment Firms’ Protection of Client Assets
This week, the UK Financial Services Authority published another “Dear CEO” letter, this time aimed at compelling insurance brokers and investment firms to improve the way they protect client assets, including record keeping considerations. The letter, sent by the FSA’s managing director of risk, Sally Dewar, warns that firms must take heed of the regulator’s…
Jones Named CEO of Accuity
Accuity, a provider of payment routing data, AML screening software and services, has announced the appointment of Hugh Jones IV as chief executive officer of Accuity and NRS. Previously the president of the two businesses, Jones has over 15 years of experience building corporate value by creating rich data streams that provide new solutions to…
TriOptima launches OTC Derivatives Interest Rate Trade Reporting Repository for Banking Regulators
TriOptima announced that banking regulators have received the first reports from the newly launched OTC Derivatives Interest Rate Trade Reporting Repository (the IR TRR). Fourteen major financial institutions submitted data for their non-cleared OTC interest rate derivatives trade portfolios covering trades with G-15 institutions, buy side organisations and other financial and non-financial institutions. As of…
Fincad and SAS Discuss New Partnership for Enterprise Risk Management and Valuations
Fincad has got fully into the swing of the current vendor partnership trend; not only has the derivatives analytics vendor teamed up with interdealer broker Icap for a valuations solution, it has also recently formed an alliance with SAS for a new joint enterprise risk management and independent valuation offering. David Rogers, SAS global product…
Milne Returns to the Fold at LSE as New Head of Post-Trade Services
It has been a month since A-Team Group wrote about Kevin Milne’s departure from Xtrakter and it seems that the interests he has decided to pursue outside of the Euroclear Group include becoming the London Stock Exchange (LSE) Group’s new director of Post-trade Services. Milne is in fact returning to where he began his financial services…
Interactive Data Confirms is Exploring “Strategic Alternatives”, But Who is Big Enough to Buy it?
Interactive Data has confirmed today that it is exploring “strategic alternatives” for its future, but has declined to provide any more explanation as to what these alternatives may include. The number three data provider in the financial markets is likely seeking a suitable marriage partner, but who is likely (or able) to offer its hand?…
SEC Highlights Importance of Timeliness of Corporate Actions Data with Action Against Bank of America
If firms weren’t apprised of the importance of corporate actions data before, a recent action by the Securities and Exchange Commission (SEC) against Bank of America should convince them. Following a few months of trawling through corporate actions related data, the regulator has announced that it is seeking to charge Bank of America with failing…
Bloomberg Launches Interface to CDS Clearing Houses
Bloomberg has launched the first interface in the US credit derivatives (CDS) market that connects both buy and sell side firms to the two central clearing counterparties (CCPs). The Bloomberg VCON solution, a widely accepted confirmation utility for cash and derivative instruments, now allows dealers and their clients to send executed trades to the two…
Quantifi’s Douglas Talks up Version 9.3 of its Pricing and Risk Analysis Offering
Pricing and risk analytics solution vendor Quantifi is bargaining on a “regulatory tsunami” this year to spur on spending in the OTC derivatives valuations data and risk management sector, according to CEO Rohan Douglas. In order to keep pace with the changes, the vendor has upgraded its flagship pricing, hedging and risk analysis solution by…
Weekend Talks in Basel Spur on Risk and Data Agenda for 2010
As predicted by A-Team Group last week, the weekend’s discussions in Basel between central bankers, regulators and a number of representatives from the private sector helped to kick off the risk management agenda for 2010. The group discussed the proposals enshrined in the Basel Committee on Banking Supervision’s (BCBS) published in December and indicated that…