RegTech Insight Blogs The latest content from across the platform
Fed’s Bernanke Champions Mark to Market But Says Illiquid Securities Issue Needs Resolution
Federal Reserve chairman Ben Bernanke has added his voice to the debate about mark to market accounting rules this week. Bernanke is in favour of the controversial accounting rules, which require companies to write down assets every quarter to reflect market value, but cautions that regulators urgently need to deal with the issues surrounding the…
Fiserv Rebrands, Streamlines Management and Launches Global Ad Campaign
Following its acquisition of CheckFree at the end of 2007, Fiserv has finally decided to rebrand the business under its own moniker. The vendor claims this rebranding exercise and global advertising campaign represents its new consolidated approach to the financial technology market. The management team and organisational structure have also been streamlined (and we all…
Asset Control Expands Coverage of Fitch Solutions Data to Credit Risk Ratings
EDM vendor Asset Control has expanded its Fitch Solutions data coverage as part of its AC Plus data management software solution. According to the vendor, the Fitch Solutions Ratings Delivery Service (RDS) data feed, which provides credit ratings and related information on corporate, structured finance and public finance issues and issuers, is now available as…
US and European Regulators Pledge to Work Together for CDS CCP Oversight
Last week potentially saw the beginning of the end of the row concerning the regulation of the credit default swap (CDS) central clearing counterparty (CCP) market with an announcement from the regulatory community that it is discussing cooperation and information sharing arrangements. During a meeting hosted by the Federal Reserve Bank of New York, regulators…
American Bankers Association Concerned FASB is Ignoring Underlying Issues with Mark to Market
Following the announcement by the Financial Accounting Standards Board (FASB) earlier in the month that it would be revisiting mark to market accounting standards, the American Bankers Association (ABA) has spoken up about some concerns it has about the FASB approach. The association feels that issues underlying the controversial accounting rules are not being taken…
Risky Business
No matter where you turn these days, you’re bombarded with solutions that promise to offer better risk management capabilities and nowhere more so than the data management community. So far this year, the sheer volume of reports linking the idea of risk management with better data management is indicative of this trend in the market….
Reference Data Getting its Day in the Sun, Marcus Evans Delegates Told
Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference on 12 February. Taylor, who was chairing the event, indicated that increased regulatory…
OCC is Selected as New Options Symbology System Operator
Following the furore surrounding the establishment of an alternative standard to the Options Price Reporting Authority (Opra) code last year, industry participants have finally selected a suitable candidate to operate the new symbology allocation system. There were ongoing discussions throughout 2008 about the lack of agreement on the basics surrounding the introduction of a new…
Bankers Almanac Re-launches Due Diligence Repository with Wider Coverage and Enhanced Audit Processes
Bankers’ Almanac has re-launched its industry Know Your Customer (KYC) solution, the Due Diligence Repository, with added data coverage and enhanced audit processes aimed at reducing the need for re-checking of documentation. The vendor indicates the new additions have been developed with the assistance of industry practitioners from the Wolfsberg Group and the member banks…
Regulation and Risk Will Force Banks and Hedge Funds to Tighten EDM Controls, Says Tabb Group
Current market conditions and the threat of impending regulatory changes will force banks and hedge funds to revise their enterprise data management (EDM) strategies to improve transparency, according to recent research from analyst firm Tabb Group. Adam Sussman, director of research at the firm and author of the report, reckons requirements for better risk management…