A-Team Insight Blogs The latest content from across the platform
ICBC Asia Moved to Pricing Partners’ Derivatives Pricing Analytics to Enhance its Flow Derivatives Activities
Pricing Partners announced today that Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)), the flagship of Hong Kong banking business of Industrial and Commercial Bank of China Limited, the world tier one bank, selected Pricing Partners’ derivatives analytics, Price-it Excel to enhance its flow derivatives desks activities. The agreement was signed through its…
Project Brokers Ramps Up
Project Brokers, the global business intelligence (BI) consultancy, has announced two appointments to its senior team. Richard Terblanche has joined as director of sales, while David Anderson, until recently the company’s head of business consulting, is now chief financial officer. “These appointments are essential to the next phase of our growth,” said Daren Cox, managing…
Omgeo Celebrates 10th Anniversary
Omgeo, the global standard for post-trade efficiency, today announced that it is celebrating 10 years of successful partnerships with its global community in automating trade lifecycle events, streamlining operations and reducing counterparty risk. Founded in 2001 by Thomson Financial (now Thomson Reuters) and the DTCC, Omgeo has become a key partner in trade lifecycle automation….
ISDA Raises Concerns About Representation of Liabilities in Recent FASB/IASB Exposure Draft
The International Swaps and Derivatives Association (ISDA) has raised its concerns about the representation of an entity’s financial position, solvency, and exposure to credit and liquidity risk in the proposals in the Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) recent exposure draft on the offsetting of financial assets and financial liabilities….
Clearstream and Euroclear Bank Set Higher Standards for International Securities
Euroclear Bank and Clearstream, the international central securities depositories (ICSDs), have developed jointly and in collaboration with the International Securities Market Advisory Group (ISMAG), a new industry framework to increase transparency and efficiency for the issuance and asset servicing of international securities. The framework sets standards for these securities, issued in and primarily deposited with…
Markit is the Latest to Fall Under the European Commission’s Spotlight for its CDS Data Practices
In the latest of its investigations into the data vendor community’s data practices (following its continuing investigations into S&P and Thomson Reuters), the European Commission has launched a new anti-trust investigation into Markit’s data sharing arrangements with 16 bank dealers in the credit default swap (CDS) market. The Commission is seeking to establish whether the…
Pricing Partners Provides Smoother and Faster Greeks for its PDE Engine
Pricing Partners announced today to enhance its derivatives pricing library with smoother and faster Greeks for its PDE engine. In an effort to provide faster and smoother Greeks for its generic PDE engine, Pricing Partners has recently enhanced its generic PDE grid engine equipped with on-the-fly Greeks calculations with a fixed grid. This accelerates substantially…
SEC and CFTC Agree on Definitions for Swaps, Now Over to You for Feedback…
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have this week finally provided some long sought after clarity regarding the definition of what classifies as a “swap” and hence should be covered by the new and incoming Dodd Frank derivatives requirements. These definitions should also provide some of the foundations on…
Major Study Finds Rapid Adoption of Hosted Email Compliance
Financial institutions are rapidly moving to hosted email compliance and storage services to deal with increasing costs, risks and regulations, according to a study conducted by Forrester Consulting. The study was commissioned by Bloomberg Vault, a service that helps corporations globally meet compliance, regulatory and eDiscovery requirements. The poll of 187 executives with responsibility for…
SEC Proposes Amendments to Remove Credit Ratings References in Several Rules Under the Exchange Act
In keeping with its ongoing crackdown on the credit ratings agencies, the Securities and Exchange Commission (SEC) has this week voted unanimously to propose amendments that would remove references to credit ratings in several rules under the Exchange Act. This is all part of the requirements contained in Dodd Frank to remove references to credit…