Data Management Insight Blogs The latest content from across the platform
Calypso Introduces Software Update for North American CDS Big Bang
In line with the rest of the vendor community, derivatives and risk management solution provider Calypso Technology has updated its solutions to accommodate the credit default swap (CDS) ‘big bang’ being led by the International Swaps and Derivatives Association (ISDA). Tomorrow, the new Standard North American Corporate (SNAC) CDS contract convention comes into force, which…
Consistent Firm-wide Approach Required for Pricing Functions to Increase Transparency, Says Celent
In the post-credit crisis world, firms must develop a joint approach to OTC derivatives pricing functions across their internal departmental silos, according to a recent report by consultancy firm Celent. In order to increase the transparency of valuations and meet regulatory requirements to this end, financial institutions must adopt coherent and consistent pricing strategies, says…
Broadridge Launches Virtual Shareholder Meeting Service, Including Online Voting
Broadridge Financial Solutions has launched its new Virtual Shareholder Meeting (VSM) service, which allows corporate issuers to conduct their annual shareholder meeting electronically. The online meeting format, which can be streamed as audio or video feed, is aimed at increasing participation in annual general meetings and may drive up the volumes of corporate actions events…
European Union Ministers Call for Convergence with US on Accounting Standards
Following the move in the US to relax mark to market accounting rules, representatives from the European Union have called for greater convergence between Europe and the US in order to level the playing field. EU politicians including Italy’s Finance Minister Giulio Tremonti and French Finance Minister Christine Lagarde are concerned that the region’s banks…
Omgeo Appoints Coughlan, Higgins and Meenaghan for European Product Support Roles
Post-trade specialist Omgeo has appointed three new executives its European product team: State Street’s Bill Meenaghan and Janet Coughlan and Steve Higgins, both from UBS. Coughlan is now in charge of strategic initiatives for the vendor’s web-based global database for the maintenance and communication of standing settlement and account instructions (SSIs), Omgeo Alert. Higgins and…
ABA Calls for Further Changes to FASB Guidelines Around Held to Maturity Securities
Following the publication of the Financial Accounting Standards Board’s (FASB) final guidelines for mark to market accounting and impairment earlier this week, the American Bankers Association (ABA) has raised concerns about the need for clarification around securities classified as “held to maturity”. Although the association commends the work that has been done by the FASB,…
Fitch Ratings and S&P to Consider Counterparty Risk Measurement Changes
Ahead of the Securities and Exchange Commission (SEC) roundtable on the 15 April, Standard & Poor’s and Fitch Ratings have both indicated that they are considering changes to the way they assess counterparty risks for certain structured products. The SEC is due to scrutinise the practices of the ratings agencies later this month and is…
Lack of Standardisation Remains a Sticking Point for Counterparty Data Management, Says Panel at A-Team Group, Asset Control and Avox Event
The topic of counterparty risk is no stranger to the headlines at the moment but, despite its high profile, counterparty data management has still got a long way to go, according to speakers at a recent event organised by A-Team Group, Asset Control and Avox. Martijn Groot, director of market strategy at EDM vendor Asset…
Corporate Actions Back on the Agenda for Sibos 2009, But Who Will Be There to Listen?
After a brief hiatus last year, it seems that Swift has decided that corporate actions, and for that matter securities industry back office issues, are important enough to be back on the main agenda for Sibos. But, given the current state of the industry, how many delegates can Swift expect to greet in Hong Kong?…
EDI and DPC Sign Marketing Agreement for Bond Reference and Corporate Actions Data
Corporate actions data vendor Exchange Data International (EDI) and DPC Data, a data publishing and business process outsourcing company, have signed a joint marketing agreement, under which both vendors will provide their respective user bases with access to their data offerings. David Moore, EDI fixed income manager, explains that the vendor reckons the combination of…