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Leading Asset Manager in Japan Relies on SIX Telekurs for NAV Calculation
Finselect, the evaluation price service for the daily evaluation of securities which comply with the former Japanese Pension Fund Association’s guidelines, now has an additional module Finselect MF, which specifically targets the pricing needs of the Japanese investment trust industry. With Nikko Asset Management Co Ltd, SIX Telekurs has gained one of the largest Japanese…
US FCIC Criticises State of Goldman’s Slow Production of Incomplete and Inaccurate CDO and Customer Data
Following the damning evidence provided by the Lehman examiner report earlier this year, proof yet again of the poor state of the industry’s data management systems comes this month from the US Financial Crisis Inquiry Commission’s (FCIC) recent dealings with Goldman Sachs. The regulatory body, which was established in May last year to examine the…
Global Securities Regulators Adopt New Principles and Increase Focus on Systemic Risk
The International Organisation of Securities Commissions (IOSCO) has published its revised Objectives and Principles of Securities Regulation (Principles) to incorporate eight new principles, based on the lessons learned from the recent financial crisis and subsequent changes in the regulatory environment, which are designed to strengthen the global regulatory system against future crises. The eight new…
RiskMetrics’ Acerbi Talks up Development of Mark to Liquidity Modelling
Mark to market may be top of the regulatory and industry agenda at the moment, but according to RiskMetrics researcher Carlo Acerbi, mark to liquidity could well be the next big thing in the risk management world. Speaking at Thomson Reuters’ recent Global Pricing Forum in London, Acerbi elaborated on the development of a model…
Markit and Cairn Capital to Launch European ABS Performance Monitor
Markit, a global financial information services company, and Cairn Capital Limited, a credit asset management and advisory firm, today announced the forthcoming launch of the Markit ABS Performance Monitor platform. This new service will combine Markit’s ABS surveillance capability with Cairn’s advisory and credit market expertise to provide state of the art performance monitoring for…
Majority of Risk Managers Have Yet to Put in Place Adequate Stress Testing Procedures, Says PRMIA
Despite the moves within the regulatory community towards mandating reverse stress testing procedures, the majority of firms have yet to take action and put in place new procedures and systems to cope with the changes, according to a recent survey conducted by the Professional Risk Managers’ International Association (PRMIA). Reverse stress testing is just one…
LakeFront Data’s Richards Joins First Derivatives as President of its US Operations
Earlier this year, First Derivatives bought Reference Data Factory (RDF) for around US$10 million and Dale Richards, CEO of LakeFront Data Ventures and board member of RDF, joined the advisory board of the market data and risk management focused solution provider. Richards, who has since taken a back seat at his own start-up LakeFront Data…
QuIC Appoints Calvert as Chief Technology Officer
QuIC Financial Technologies, a risk management, pricing and analytic solutions provider, today announced the appointment of industry veteran Simon Calvert to the position of chief technology officer. In this position, Calvert will play a leading role in driving QuIC’s technology vision and reinforcing its reputation as an innovator in the industry during the next phase…
SuperDerivatives Appoints Matzliah as Asia Pacific Head to Lead its Aggressive Expansion Across the Region
SuperDerivatives (SD) said today that it has appointed Jacob Matzliah as vice President for Asia Pacific. “Asia Pacific is a tremendous growth area for SuperDerivatives since there is very high usage of sophisticated derivatives and strong need for cost effective front office systems that can enhance capabilities to participate in these markets, both as a…
Electra Information Systems Appoints Marketing Executive
Electra Information Systems, a provider of post-trade solutions for the institutional investor marketplace, including trade settlement, reconciliation, data collection and aggregation, today announced that Janis Alber has joined the company to lead its marketing and public relations initiatives. This move reinforces Electra’s growth strategy and further underscores Electra’s leadership position within the financial technology market….