Data Management Insight Blogs The latest content from across the platform
FASB to Vote on Controversial Fair Value Proposals on 2 April
Following the heavy criticism that has been levelled at the Financial Accounting Standards Board (FASB) for its failure to act on issues with fair value accounting standards, the industry body has indicated that it is now preparing for the final vote on its proposals, which were announced on 16 March. The FASB will be carrying…
Pricing Partners Talks up Jump Diffusion Models at MathFinance Conference
Valuations provider Pricing Partners told delegates to this month’s MathFinance Conference in Germany about its recent work towards achieving smart expansion and fast calibration for jump diffusion models. The vendor promoted its recent work on approximation methods using its smart expansion method to calibrate jump diffusion models to attendees to the quantitative finance event last…
Quantifi Releases New Version of Solution for North American CDS Changes
Following recent upgrades by its competition, analytics and risk management solution vendor Quantifi has released a new version of its solution to support the impending changes to the North American credit default swap (CDS) market. Rohan Douglas, CEO of the vendor, explains that Version 9.1.4 of its solution has been released to support the new…
Reval Opens Hong Kong Office, Appoints Marsden as Sales Director for Asia
Risk management solutions and valuations provider Reval has opened a new office in Hong Kong and appointed ex-Mergermarket sales head Will Marsden as its new sales director for Asia. The vendor, which currently has offices in Australia, New Zealand and India, hopes the new office will help it to expand its client reach further in…
Fiserv Appoints ex-Bank of America Exec Drummond as New EVP
Fiserv has appointed ex-Bank of America executive Lance Drummond as its new executive vice president in charge of strategic growth initiatives in areas including data analytics, consulting and wealth management. He will report to Jeffery Yabuki, president and CEO of the recently rebranded vendor. Drummond joins Fiserv after more than six years at Bank of…
Omgeo and DTCC Establish Data Feed Between CrossCheck and Trade Information Warehouse
Omgeo and the Depository Trust & Clearing Corporation (DTCC) have added an automated data feed between Omgeo’s centrally hosted, exception management solution, CrossCheck, and DTCC’s post-trade database for OTC derivatives, Trade Information Warehouse. According to the vendors, the link is designed to reduce operational risk by allowing market participants to align their OTC derivatives portfolios…
MFC Global Investment Management Selects Thomson Reuters’ Portia for Recordkeeping
The asset management arm of Canadian-based financial services group Manulife Financial, MFC Global Investment Management, has selected Thomson Reuters’ Portia for its investment recordkeeping requirements. The firm signed the multi-million dollar deal with a view to introducing a single book of record for the public asset component of its investment management business, says said Jacqui…
TowerGroup’s Hegarty Joins DTCC as Managing Director to Focus on Front Office
The Depository Trust & Clearing Corporation (DTCC) has appointed ex-TowerGroup executive Robert Hegarty to the newly created position of managing director of market structure. In his new role, Hegarty will be spearheading the vendor’s efforts to identify new market and growth opportunities focused on the front office and trading communities. Hegarty joins DTCC from TowerGroup,…
CESR to Get New Regulatory Powers Over Credit Ratings Agencies, SEC Plans Roundtable on Subject
Somebody should have told the credit ratings agencies to beware the ides of March. Regulators from both sides of the Atlantic have been scrutinising the ratings community this month: the Securities and Exchange Commission (SEC) is gearing up for its roundtable discussion on the subject on 15 April and there are ongoing discussions within the…
Swift’s Church Joins XBRL US Board of Directors
In keeping with its current work on mapping XBRL to ISO standards for corporate actions, Swift’s Americas CEO and global head of securities, Chris Church, has joined the board of directors for XBRL US. Church says his participation on the board of the non-profit consortium for XML business reporting standards reaffirms Swift’s commitment to the…