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Broadridge Signs Strategic Alliance with Oracle for Mantas Compliance Solution
Representing its third partnership agreement this month, Broadridge Financial Solutions has signed another strategic alliance, this time with Oracle Financial Services Software to offer a best practices compliance solution for financial institutions using Oracle Mantas. Under this new agreement, Broadridge hopes to offer financial institutions a one stop shop for compliance via a managed solution…
FRSGlobal Launches New Liquidity Risk Solution for Compliance with UK’s CP 08/22
Risk and regulatory reporting solution vendor FRSGlobal has launched its new Liquidity Risk solution, aimed at enabling financial institutions to meet the requirements proposed by the UK Financial Services Authority’s (FSA) Consultation Paper (CP) 08/22. According to Thomas Brouwer, product manager at the vendor, the combined risk and regulatory platform meets its customers’ demands for…
GoldenSource Joins Derivatives Bandwagon with New Valuations and Risk Management Solution
EDM vendor GoldenSource has taken the plunge and joined the derivatives data management vendor community with a new offering aimed at helping financial institutions value portfolios and manage risk for derivatives products. Neil Edelstein, senior director of product solutions at the vendor, explains that the launch of GoldenSource for Derivatives was based on both a…
CME Group Receives Regulatory Exemption from SEC to Launch CDS CCP in US
Following the approval and launch of IntercontinentalExchange’s (ICE) ICE Trust last week, CME Group has now announced that it has also been granted permission to operate as a clearing house and central counterparty (CCP) for credit default swap (CDS) transactions in the US. The derivatives exchange operator has received a special exemption from the Securities…
ISDA Introduces New Rules for CDSs, Pickel Testifies Before US Senate Committee, ICE Trust Launches
The International Swaps and Derivatives Association (ISDA) has this week introduced new rules governing the market’s dealings with credit default swaps (CDS). Robert Pickel, executive director and CEO of ISDA explained the changes in a testimony before the US Senate Committee on Banking, Housing and Urban Affairs earlier this week. The new rules cover the…
Opportunity Knocks for the SMB Market
By Brian Reid, managing director of The Connect Partnership IBM and Oracle products are now more affordable to the smaller and medium sized business (SMB and MMB) marketplace. The opportunity to implement best in class technical and data architecture is now an economically viable proposition for these organisations. At the recent TSAM conference on 3…
ICE US Trust Receives Regulatory Approval from Fed, Interdealer Brokers Get Annoyed, Eurex Declares Out of US
Following the announcement of its European ambitions in February, IntercontinentalExchange (ICE) has indicated that it has finally received regulatory approval from the board of governors of the Federal Reserve for ICE US Trust to act as a clearing house and central counterparty (CCP) for credit default swap (CDS) transactions in the US. The exchange operator…
Regulatory Compulsion is on the Cards and ECB is Looking at Data Semantics Repository, Says Atkin at TSAM 2009
The Enterprise Data Management (EDM) Council has been involved in a “whirlwind” of meetings with regulators over recent months to further the cause of data management, said EDM Council managing director, Mike Atkin, at TSAM 2009 this week. The European Central Bank (ECB) in particular is looking at the area of data semantics adoption in…
New York Federal Reserve Poaches Citi’s Bottega as Chief Data Officer for its Markets Division
John Bottega’s no show at last year’s FIMA London event was noted by many and there was much speculation at the event that he was soon to leave his post as chief data officer for Citi’s Institutional Client Group. Reference Data Review can now indeed confirm that Bottega has moved onto pastures new: he has…
UK FSA Extends AII Deadline for Derivative Transaction Reporting to September
The UK’s Financial Services Authority (FSA) is giving approved reporting mechanisms (ARMs) more time before they have to start providing derivative transaction reports using the Alternative Instrument Identifier (AII). The go live date is now 21 September as opposed to end of the first quarter. The FSA is also setting up a number of support…