A-Team Insight Blogs The latest content from across the platform
FSB Granted with More Power for Systemic Risk Data Monitoring, ESRB Details Data Collection Arrangements
At the weekend, the G20 indicated that the Financial Stability Board’s (FSB) powers with regards to systemic risk monitoring and data gathering would be increased to allow it to compile an annual review on how well financial regulations have been adopted across the G20 countries. And, at the end of last month, the European Systemic…
ISDA Unveils New Mission Statement
The International Swaps and Derivatives Association, Inc. (ISDA) announced today that its board of directors has updated its mission statement to reflect the Association’s evolving mandate in the rapidly changing global derivatives markets. The new mission statement is: ISDA fosters safe and efficient derivatives markets to facilitate effective risk management for all users of derivative…
A Tale of Two Benchmarks – for STAC-M3 and kdb+
This week saw the publication of two “M3” benchmarks conducted by STAC, covering time-series management solutions. And while both relate to Kx Systems’ kdb+ database (apparently to date the only database to have published M3 benchmarks), comparing them would be an apples to oranges exercise. STAC-M3 is focused on solutions that manage large amounts of…
Head of Government Affairs for Asset Based Finance Association Appointed
The Asset Based Finance Association (ABFA) has announced that Matthew Davies will be joining the Association in October in the new role of Head of Government Affairs. Matthew joins from the Government & Infrastructure practice of the law firm Bircham Dyson Bell (BDB) where he has been advising clients in a range of sectors on…
LuxCSD Starts Operations
LuxCSD, the new central securities depository for Luxembourg, is now open for business. After completion of the technical implementation in September 2011, LuxCSD has now been designated Securities Settlement System by the Luxembourg central bank which is required to operate under the protection of the Settlement Finality Directive. LuxCSD now provides the Luxembourg financial community…
Algorithmics’ Response to Federal Banking Agencies Stress Testing Guidance
In its recent response to the Federal Banking Regulatory Agencies guidance document, ‘Proposed Guidance on Stress Testing for Banking Organizations with More Than $10 Billion in Total Consolidated Assets’, Algorithmics comments that the greatest challenge for banks will be in rising up out of the risk silos to perform enterprise-wide stress testing. Algorithmics notes that…
Hedge Fund Standards Board Announces New Core Supporters
Aon Hewitt, the investment consultants, and two leading investment firms, Aberdeen Asset Management and Investcorp, have joined the Core Supporters group of the Hedge Fund Standards Board (HFSB). The Core Supporters group, which includes investors, investment consultants and hedge fund managers, is made up of leading backers of the HFSB. Dame Amelia Fawcett, Chairman of…
BNY Mellon Launches Solvency II Asset Data Reporting & Governance Solution
BNY Mellon, the global leader in investment management and investment services, has launched a new data management solution to meet the European insurance industry’s Solvency II asset data reporting requirements. The new service, built around Eagle PACE(TM), Eagle Investment System’s data management platform, provides Pillar 3 Quantitative Reporting Templates (QRT) reporting. It also supports insurance…
S&P Capital IQ Signs UBRD to CreditPro
S&P Capital IQ Risk Solutions today announced a deal to provide CreditPro to Russian bank, Ural Bank for Reconstruction and Development (UBRD). The agreement allows UBRD to access S&P ratings, rating migrations, defaults and recovery database on more than 15,000 issuers, 130,000 securities, 150,000 structured finance tranches, and 140 sovereigns. CreditPro enables credit professionals to…
RBC Dexia Extends Mandate with Comgest to Provide KIID Services
RBC Dexia Investor Services today announced that it has won a new mandate from Comgest, the independent international asset management group, to provide Key Investor Information Document (KIID) services to the Dublin domiciled umbrella, Comgest Growth Fund. RBC Dexia provides a variety of services to Comgest, including fund accounting, custody and financial reporting. The KIID…