Data Management Insight Blogs The latest content from across the platform
CEBS Outputs Another CP, This Time on Risk Stress Testing Best Practices
The Committee of European Banking Supervisors (CEBS) has added another document to the industry’s Christmas reading list with the publication of its revised guidelines on stress testing, otherwise known as CP32. The new guidelines, on which the industry has until 31 March to comment, include details of the scale of the data management challenge posed…
GFI Group Announces Woori Investments & Securities Licenses GFI Fenics Professional
GFI Group announced today that Woori Investments & Securities (Woori I&S), a pioneer in the Korean domestic securities market, has licensed Fenics Professional, a pricing and risk management system for foreign exchange options. The agreement allows Woori I&S to use Fenics Professional for pricing, analysis and structuring of FX options, including exotic options. Woori I&S…
BNY Mellon Alternative Investment Services Announces New Price Verification and Asset Validation Service for Hedge Funds
BNY Mellon Alternative Investment Services has launched a service that independently validates a hedge fund’s position records to third parties – prime brokers, custodians, trustees and agent banks – and independently verifies the pricing of that fund’s securities. The new service provides fund managers and their investors with greater transparency and additional assurance that fund…
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…
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…
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…
Morningstar to Acquire Chicago-based Logical Information Machines
Morningstar, a provider of independent investment research, today announced it has entered into a definitive agreement to acquire Logical Information Machines, (LIM), a provider of data and analytics for the energy, financial, and agriculture sectors, for US$51.5 million, subject to post-closing adjustments. LIM had revenue of approximately US$20 million for the last 12 months. The…
Wells Fargo Chooses SimCorp Dimension
SimCorp has announced that Wells Fargo Bank, a subsidiary of Wells Fargo & Co, which is the fourth largest financial services company in the United States by assets, has extended its usage of SimCorp Dimension. With Wells Fargo & Co’s acquisition of Wachovia Corporation in 2008, Wells Fargo was already benefitting from the installation of…
Datanomic Announces Formation of Independent Advisory Board
Compliance and data management specialists, Datanomic, today announced the formation of an independent advisory board to help steer the company through its next phase of domestic and international growth. The advisory board will draw on the knowledge and experience of external, independent experts to deliver guidance, governance and market insight as Datanomic continues to expand…
SunGard Enhances FastVal Independent Valuation Service
SunGard has released a new version of FastVal, its independent valuation service for vanilla cash and complex structured products and OTC derivatives. SunGard’s FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation, as well as enhanced Greeks, greater functionality in the running of intraday valuations, and…