A-Team Insight Blogs The latest content from across the platform
Sieracki and Creswell to Head Sales for Netik
Netik LLC, a global leading provider of financial data management and reporting services and products, announced today two significant management appointments in the Sales Department. Frank Sieracki has been appointed as Managing Director of North American Sales and Ed Creswell has moved internally into the position of Head of European Sales. Sieracki and Creswell will…
Hong Kong’s SFC Fines Two Merrill Lynch Subsidiaries for Risk Management and Valuations Oversight Failings
Hong Kong’s Securities and Futures Commission (SFC) has fined two Merrill Lynch Asian subsidiaries a total of HK$3,500,000 (US$450,000) for systems and controls failings in their risk management and monitoring systems that led to the mis-marking of activities in a derivatives trading book. The SFC’s investigation found that during the period from December 2007 to…
BNY Mellon’s Ingle Discusses the Data Challenges Inherent in the Derivatives Market Reform Process
The regulatory community is hell bent on increasing transparency into the derivatives market by any means necessary, including forcing OTC instruments to be cleared via central counterparties (CCPs) and requiring firms to report more data to new trade repositories. Reference Data Review speaks to Steve Ingle, derivatives product manager at BNY Mellon Asset Servicing, to find out…
Sophis and Koscom Win Contract for Hyundai Securities
Sophis, a provider of cross asset, front to back portfolio and risk management solutions, together with its strategic partner Koscom, has been awarded a contract to provide its Value system to Hyundai Securities, a leading Korean investment bank offering wealth management, brokerage and corporate financial services. Hyundai Securities is an affiliated company of the Hyundai…
CESR’s Ratings Agency Consultation Paper Sets Out CRA Data Requirements
Following more than a year of discussions about how to best tackle the underlying issues with credit ratings in the post-crisis environment, the Committee of European Securities Regulators (CESR) has produced a new consultation paper detailing the data requirements for these ratings agencies under the new regime of heavier scrutiny. Industry participants have until the…
Interactive Data Appoints Jeffrey Torchon ETFs Global Market Manager
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it has named Jeffrey L. Torchon to the newly created position of exchange traded funds (ETFs) global market manager. Torchon, age 49, is responsible for providing global leadership related to product strategy, innovation, sales development and operational efficiencies…
S&P Further Enhances ABSXchange Loan Analytics Platform
Following enhancements made to ABSXchange, S&P’s structured finance and whole loan analytics platform, European ABS market participants will be able to perform more robust analysis of structured finance and whole loan transactions. The latest release of ABSXchange introduces a series of enhancements to the platform’s portfolio analysis capabilities and a new collateral analytics module which…
IOSCO Publishes Principles on Cross Border Supervisory Cooperation, Including Proactive Data Sharing Requirements
The International Organisation of Securities Commissions (IOSCO) has published a set of Principles Regarding Cross-Border Supervisory Cooperation developed by its Technical Committee’s Task Force on Supervisory Cooperation, which recommends a more proactive approach to data sharing between regulators. The recommendations include the ability for regulators to obtain information from third party jurisdictions at will in…
DTCC’s Childs and Thieke Discuss GCA VS Upgrade Milestones for 2010
Along with the barrage of other corporate actions vendor updates this week, the Depository Trust & Clearing Corporation (DTCC) announced that it has added data on scheduled payments on around 2.4 million bonds held by the Fed to its Global Corporate Action Validation Service (GCA VS). The corporate actions data cleansing vendor is also currently…
Dans Le Port d’Amsterdam
Earlier this month, Swift released its programme for the conference behemoth that is Sibos, this year to be held between 25 and 29 October in Amsterdam. The industry owned financial network operator has indicated that it will be focusing on the three Rs it believes to be the most important to the market at the…