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Panellists Highlight the “Shotgun Wedding” of Data Management and Risk Management at DMRAV in NYC
The data management and risk functions of financial institutions have become subject to a “shotgun wedding of sorts”, as firms aim to tackle their underlying data quality issues in the post-crisis environment, according to panellists at last week’s A-Team Group Data Management for Risk, Analytics and Valuations (DMRAV) conference in NYC (see details of the…
Sifma Led Coalition Details 14 Key Prerequisites for OFR LEI Solution Providers, 3 June Deadline for Submissions
Following its publication of a wish list for the legal entity identifier (LEI) earlier this month, the 13 strong, Sifma led coalition of industry associations focused on providing feedback to the US Office of Financial Research (OFR) has detailed its 14 key prerequisites for the solution providers that will be tasked with bringing the new…
First Derivatives Annual Results
First Derivatives, a leading provider of software and consulting services to industry global investment banks and hedge funds, today announces its results for the twelve months ended 28 February 2011. Financial Highlights: – Revenues increased by 44.2% to £36.740 million (2010: £25.476 million) – EBITDA increased by 18.3% to £8.575 million (2010: £7.247 million) –…
S&P’s Purcell Discusses the European Commission’s Ruling Regarding US ISIN Pricing Practices
Given the industry debate that has been sparked by the European Commission’s agreement with Standard & Poor’s for the vendor’s Cusip Global Services (CGS) business to cut the fee it charges European customers to receive ISINs for US securities, Reference Data Review catches up with Darren Purcell, European director for CGS, to find out the vendor’s perspective….
Pricing Partners Speeds up the Computation of the Livret A in its Inflation Derivatives Module
Pricing Partners announced today that it has improved the computation speed of the Livret A in the inflation module of its derivatives pricing analytics and has extended the number of possibilities to compute the French inflation index. Following a review of the Livret A computation, Pricing Partners has upgraded the computation method to support the…
BVI’s Siebel Elaborates on Why EC’s Current Agreement with S&P on US ISINs Could Hold Back Systemic Risk Monitoring Efforts
If further action is not taken with regards to ensuring the licensing issues around Standard & Poor’s US ISIN practices for European firms are tackled (as well as the pricing issues) then regulators may be held back in their systemic risk monitoring activities, according to Rudolf Siebel, managing director who is responsible for legal and…
Vanderbilt Professor Craig Lewis Named SEC Chief Economist and Director of RiskFin Division
The Securities and Exchange Commission today announced that Craig M. Lewis has been named SEC Chief Economist and Director of the Division of Risk, Strategy, and Financial Innovation (RiskFin). Dr. Lewis, the Madison S. Wigginton Professor of Finance at Vanderbilt University’s Owen Graduate School of Management, is currently a visiting scholar at the SEC and…
The Current State of Data Quality for Risk, Analytics and Valuations: Letter from Asia
By Stephen Engdahl, senior vice president of product strategy for GoldenSource The impact of data quality on critical business functions is a hot topic in data management circles today and one that I was looking forward to hear more on at the A-Team Group Data Management for Risk, Analytics and Valuations conference that took place…
Midmar Capital Strengthens Investment Team
Midmar Capital LLP, manager of the Merrion European Absolute Return Fund, has appointed Dariusz Sliwinski to its investment team. Dariusz joins from Martin Currie Investment Ltd, where he held the position of Director and Head of Global Emerging Markets. Prior to this Dariusz was a senior investment manager with Consortium Raiffeisen Atkins which managed the…
Netik Appoints Evan Lorch as Chief Financial Officer
Netik, a leading global financial information management and distribution provider, announced today the appointment of Evan Lorch to the role of Chief Financial Officer. He will sit on Netik’s executive management team reporting directly to Rob Flatley, CEO of Netik. Lorch will be based out of Netik’s New York headquarters and will assume responsibility for…