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Baer, Winterflood Pick ValueLink For Price Data Management
Julius Baer Investment Ltd. (JBIL), an investment management arm of the Swiss bank specializing in fixed-income securities, has selected ValueLink Information Services to provide daily pricing collection for its closing portfolio valuations. Meanwhile, Winterflood Securities has said it will use ValueLink’s Shares in Issue service, which provides data validation of third-party feeds. At JBIL, ValueLink…
Decentralized Data May Cost Firms $600 Million Annually
Decentralized reference data operations and the effects of faulty data on operational risk and capital requirements could be costing financial services institutions an astonishing $600 million each annually, according to the findings of a recent research paper. The paper – titled Operational Risk and Reference Data: Exploring Costs, Capital Requirements and Risk Mitigation – claims…
Wachovia Taps Teradata For Basel II Preparation
As part of a new risk management programme, U.S. bank Wachovia is implementing data warehousing technology from NCR subsidiary Teradata. It will use the technology to consolidate its existing disparate risk databases into a centralized warehousing environment. The vendor says the new risk data platform will also enable the bank to meet the data management…
Survey Finds 75% of Firms Plan More Reference Data Automation
The more things change the more they stay the same. This seems to be the overriding message in the results of the second annual AIM Global Data and Risk Management Survey. As with the previous year’s findings, the 2005 survey results showed that financial institutions all over the world are undertaking considerable efforts to deepen…
J.P. Morgan Adopts Central Reference Data Hub To Support Global Credit Trading Operation
J.P. Morgan Chase is building a business-aligned reference data hub in support of the major reengineering of its credit trading operation onto a single platform. The hub – essentially a central global hub for credit reference data – will commingle corporate data, vendor data and business-specific data into a single, unified service available to all…
Cicada Profiler, CounterpartyLink Target KYC, Patriot, AML Clients
Cicada Cos. has added new functionality within its Reference Data Management Suite to help companies comply with the due diligence requirements of upcoming regulations including the U.K. Financial Services Authority’s ‘Know Your Customer’ framework and the U.S. Patriot Act. The company is also the first adopter of a recently upgraded version of sister company CouterpartyLink’s…
Algorithmics Partners with Banks For Credit Risk Data Initiative
Algorithmics has entered an agreement with the Pan-European Credit Data Consortium (PECDC), a credit risk data pooling initiative by European banks, to provide products and services to help satisfy pending Basel II IRB requirements for the staging, structuring and validation of historical default, loss and recovery data. Under the agreement, each PECDC member bank will…
Latest MiFID Postponement Merely Delays the Inevitable
‘News’ that the widely feared, little-understood EU Directive on Markets in Financial Instruments – affectionately known as MiFID – may be delayed again to November 2007, hasn’t been greeted with too much in the way of protest. The original delay pushed implementation of the directive back to April 2007 from a year earlier. The latest…
AIM Gets Into Corporate Actions
AIM Software has introduced a new module to manage corporate actions data within its GAIN data management platform. The Gain Corporate Actions Dairy System (CADS) will manage corporate actions data delivered in ISO 15022 or other formats. The data will be sourced from a variety of providers including Swift, Telekurs Financial, Reuters, FT Interactive Data,…
Reference Data Review in Action At WFIC Conference Sessions
See Reference Data Review and the editors at this year’s World Financial Information Conference (WFIC) organized by the FISD in Rome. A-Team’s very own editor Angela Wilbraham will be moderating two panels on Wednesday 12 October, so mark your calendars. The first – The EDM Council: Senior level executives join the reference data fray, at…