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FSOC, FSB and BCBS Aim to Nail Down the Systemically Important Financial Institution Criteria
The US Financial Stability Oversight Council (FSOC), which has been charged with monitoring systemic risk across the US financial services industry, is currently embroiled in debate about what constitutes a “systemically important financial institution” (SIFI) with the Securities and Exchange Commission (SEC) and the industry at large. The European Financial Stability Board (FSB) is also…
UK FSA Sends Out “Dear CEO” Letter Illustrating its New Interim Structure
The UK Financial Services Authority (FSA) has this week sent out a letter to CEOs detailing its new regulatory structure, as required under the recent government reforms to tackle oversight issues within the UK financial markets. The new structure includes the eventual transfer of the power of oversight of the banking and insurance industries to…
DTCC Appoints Ex-E*Trade and Citigroup Exec Druskin as its New Chairman
In the latest of its recent bout of hiring, the Depository Trust & Clearing Corporation (DTCC) has hired ex-E*Trade Financial Corporation chairman and ex-Citigroup ops and technology head Robert Druskin as its new chairman of the board. Druskin’s appointment is likely part of the firm’s bid to position itself as a neutral body in the…
GlobeOp Hedge Fund Index Offers First Independent, Timely Window on Liquidity and Investor Sentiment
GlobeOp Financial Services will offer an independent monthly window into hedge fund capital flows with the launch next week of the first in a planned series of GlobeOp Hedge Fund Indices. “There is a real lack of independently confirmed industry data against which hedge fund managers and investors can benchmark their allocations and performance,” said…
Netik Signs as Elite Index Data Partner with NASDAQ OMX
Netik, a global provider of financial data management and reporting services and products, today announces that it has been signed as an Elite Index Data Partner with NASDAQ OMX, the world’s largest exchange company and global leader in creating and licensing benchmark indexes. Netik offers the full suite of data for all NASDAQ OMX indexes…
PaceMetrics’ Giblin Discusses Op Efficiency Focused Partnership with BPM Provider Nimbus
EDM solution vendor PaceMetrics has this month signed a non-exclusive partnership agreement with business process management (BPM) solution vendor Nimbus to tie the former’s PaceMaker solution to the latter’s Nimbus Control solution. Gerry Giblin, CEO of PaceMetrics, explains that the two vendors have been working together over the last six months to develop the partnership,…
Ex-Autodesk Exec Bado Joins MarkLogic as CEO
MarkLogic Corporation today announced that Ken Bado, a veteran technology executive who most recently was the executive vice president of sales and services at Autodesk, has been named CEO and a member of the board of directors. Bado, 56, was at Autodesk for eight years and led sales and services under former Autodesk CEO Carol…
Birla Sun Life Mutual Fund Now Live on Omgeo CTM and Omgeo ALERT
Omgeo, the global standard for post-trade efficiency, today announced that Birla Sun Life Asset Management Company Ltd, one of India’s flagship mutual fund managers, is the first domestic fund manager in India to go live on Omgeo Central Trade Manager (Omgeo CTM) and Omgeo ALERT, for cross border post-trade processing and standing settlement and account…
PaceMetrics and Nimbus Partner to Offer Financial Institutions Improved Operational Control
PaceMetrics, a global provider of process driven enterprise data management solutions and business process management (BPM) provider Nimbus, today announced a partnership that offers financial institutions the combined benefit of their complementary products and expertise. Their alliance couples the process clarity delivered by Nimbus Control, with the real time delivery of transactional information by PaceMaker,…
EDM Council’s Atkin Discusses OFR Developments, Plans for DMM and Data Quality ISIN Proof of Concept
Mike Atkin, managing director of data management industry group the EDM Council, has long been a proponent of the idea of a global reference data utility and he noted in his recent update to members that the process of drawing up the requirements for a legal entity identification as part of the US Office of…