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SmartCo Teams up with CounterpartyLink for New Entity Data Solution
Given the intense focus on counterparty risk in the post-Lehman world, it is no surprise that various members of the vendor community are teaming together to tackle the entity data space. One such partnership has resulted in the integration of EDM vendor SmartCo’s DataHub solution with CounterpartyLink’s issuer, client and counterparty data. James Redfern, head…
StatPro Signs GIPS Compliance Deal with MFC
StatPro Group, a provider of portfolio analytics and asset evaluations services for the global asset management industry, today announces that MFC Global Investment Management (MFC GIM) has signed a contract for its GIPS compliance software. MFC GIM is the institutional asset management business of Manulife Financial Corporation. Global Investment Performance Standards (GIPS) are a set…
EDM Council Publishes its Naughty and Nice List for 2010: Some Possible Points of Contention?
There can be no doubt that systemic risk is ‘in’ for 2010; regulators will make sure it’s a key focus for financial institutions via key legislation such as that around concentration risk. But has the concept of a reference data utility really replaced the idea of managed data services? A few vendors may disagree with…
Top Broker-Dealers Choose DPC Data’s MuniPoints To Streamline Compliance While Improving Client Service
DPC Data, a provider of municipal bond disclosure data, research and data services, today announced that six top-tier and large regional broker-dealers and wealth management firms have adopted MuniPoints for rapid bond research and disclosure to investors. In an average week, tens of thousands of MuniPoints summaries are being accessed by dealers and risk managers…
Union Bank Live on Broadridge’s International Proxy Processing Services To Manage Its International Proxy Business
Broadridge Financial Solutions, today announced that Union Bank has commenced live operations on Broadridge’s Global Proxy processing solution across its Institutional Trust & Custody Services group. Union Bank, already a user of Broadridge’s domestic proxy processing services in the US, is now using Broadridge’s Global Proxy outsourcing solution for international proxy management. Union Bank’s institutional…
CESR Agrees with EFRAG Response to IASB Proposals: In Need of Serious Revision
Following its discussions earlier this year with the European Financial Reporting Advisory Group (EFRAG) around the International Accounting Standards Board’s (IASB) revisions of global accounting rules, the Committee of European Securities Regulators (CESR) has yet again stepped in to the fray to identify its own position on the changes. CESR states that it is in…
SmartCo Partners with CounterpartyLink and Delivers New Entity Data Connector
SmartCo, a data management software company which specialises in the financial sector, and CounterpartyLink, a specialist information provider in the research, maintenance and distribution of global issuer, client and counterparty data for compliance and risk management purposes, have announced the integration of CounterpartyLink data into SmartCo DataHub. CounterpartyLink’s legal entity data is used globally by…
The Season for (Social) Networking?
Social networking websites have proved to be the journalist’s stock barometer this year in terms of measuring industry or consumer appetite for anything from the taste of Marmite to political opinion. The creation of a Facebook group in opposition to a certain political decision, or for that matter, celebrity happening, is taken as a straw…
CEBS Publishes Concentration Risk Guidelines: Data Management Systems to be Thrown into Spotlight
In line with planned risk related deliverables, the Committee of European Banking Supervisors (CEBS) has published another consultation paper, this time on the management of concentration risk under the supervisory review process. The paper is available for comment until 31 March next year and is aimed at providing market participants with a holistic approach to…
Costs and Corporate Actions Top the List of Concerns for Aim Software and Interactive Data Survey Respondents
The high cost involved in the processing of reference data is the main driver this year behind investment in technology in the data management space, according to the results of 2009’s annual survey by Aim Software and Interactive Data. This focus is unsurprising, given the intense budget cutting that has been characteristic of the post-crisis…