Data Management Insight Blogs The latest content from across the platform
Fitch Taps Thomson Reuters’ Warner to Head Content Operations
Fitch Solutions has named Simone Warner senior director and head of its global content operations. Based in London, Warner will report to Thomas Aubrey, managing director, Fitch Solutions. In this new role, Warner will manage Fitch’s internal content teams and be responsible for the content requirements of Fitch Solutions and Fitch Ratings. As such, she…
Autonomy Agrees to Buy Interwoven for US$775m
Originally appeared in MiFID Monitor US-based EDM technology vendor Autonomy has agreed to buy legal document management system vendor Interwoven for US$775 million. According to Autonomy, the acquisition is aimed at strengthening its offering in the compliance technology sector. The deal is expected to complete in the second quarter of this year and at that…
CCP for the CDS Market Will Have Very Little Impact on Risk Mitigation, Says Adsatis
Originally appeared in MiFID Monitor The market may be overestimating the impact that the introduction of a central clearing counterparty (CCP) will have on systemic risk, according to London-based consultancy Adsatis. The firm’s recent white paper, entitled “A central counterparty for OTC credit derivatives – are we over estimating the importance?”, examines the benefits and…
Data Management Projects Need to Hit Three Sweet Spots to Get Green Light, Says Northern Trust’s Chapman
In the current cost cutting climate, corporate actions automation projects need to hit three sweet spots in order to secure funding, Justin Chapman, senior vice president of Northern Trust told delegates to CorpActions 2009 Europe. These sweet spots take the form of cutting costs, reducing risks and providing more intellectual property, he explained. “Although it…
Shark’s Tooth Volatility of the Market is Raising the Risk Profile of Corporate Actions Dramatically, Says JPMorgan’s Kane
“We are living in unprecedented times,” explained David Kane, senior vice president of securities and operations at JPMorgan Worldwide Securities Services, to the Securities and Operations Forum’s CorpActions 2009 Europe delegation in London this month. The extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and…
Risk Avoidance is the Cornerstone of the Corporate Actions Business in the Current Climate, Says HSBC’s Brock
As the representative of global custodian community in the current market conditions, the focus of the industry is wholly on risk avoidance, Stephenie Brock, manager of technology and business solutions for corporate actions at HSBC Securities Services, told delegates to the CorpActions 2009 Europe conference. “Risk avoidance is in fact the cornerstone of the business…
All change
There can be no doubt in anyone’s minds that the data management business is undergoing dramatic change. As indicated by the preliminary results from our reader poll this month, the majority of budgets for data management projects are facing cuts, be they significant or otherwise. Surprisingly, a minority of you have witnessed an increase in…
Shark’s Tooth Volatility Bites Corporate Actions Risk Profile, Says JPM’s Kane
“We are living in unprecedented times,” explained David Kane, senior vice president of securities and operations at JPMorgan Worldwide Securities Services, to the Securities and Operations Forum’s CorpActions 2009 Europe delegation in London this month. The extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and…
S&P’s FIRMS Launches Raft of New Services While Facing EC Scrutiny
It certainly has been a busy month for Standard & Poor’s and it seems that some parts of the business have had a better January than others. S&P’s Cusip Service Bureau (CSB) has not had a good start to the year with the European Commission’s announcement on 12 January that it will be investigating the…
Reval Claims 50% Increase in Revenue for 2008 and 75 New Clients
Originally appeared in MiFID Monitor In keeping with the perception that risk has become a key focus for investment in the current environment, risk management solutions provider Reval has announced strong client growth over 2008. According to the vendor, it experienced a 50% increase in revenue and the addition of 75 new clients over last…