A-Team Insight Blogs The latest content from across the platform
Issuers are at the Root of the Corporate Actions Standardisation Problem, Agree Banking Panellists
Banking participants at last week’s CorpActions 2010 conference in London agreed that regulations are needed in order to compel issuers to provide corporate actions data in the right format at the start of the process. Justin Chapman, global head of strategic implementation for Asset Servicing at Northern Trust, contended that mandatory data tagging of corporate…
Validata to Offer Test Factory Services for Banking Customers to Hexaware
Hexaware Technologies, a global provider of IT, BPO and consulting services, today announced a partnership with the Validata Group, an application lifecycle management (ALM) solutions vendor for the banking and finance sector. Hexaware’s Quality Assurance and Testing Services (QATS) division will work with Validata Group to deliver Validata SAS Test Factory – a unique quality…
ICAP Expands Global Enterprise Data Distribution via Thomson Reuters to Include Key Japanese Benchmark Data from TOTAN-ICAP
ICAP, interdealer broker today announced the expansion of ICAP’s global enterprise data distribution via Thomson Reuters to include key Japanese benchmark data from TOTAN-ICAP in Japan. This strategic market data initiative will enable Thomson Reuters customers to contract for additional enterprise application usage and internal distribution of TOTAN-ICAP Japan-based data sets including; FX, money market,…
BNP Paribas Securities Services and the AXA Group Sign New Partnership Agreement
BNP Paribas Securities Services is delighted to have been appointed by AXA Group as custodian/depositary provider across several AXA entities and territories. The new five-year contract covering France, Switzerland, Germany, Luxembourg, Spain and Italy represents a comprehensive asset servicing partnership with the AXA Group across its insurance, real estate, private equity, investment management and corporate…
Progress Being Made on Defining T2S’s Potential Interaction with Corporate Actions, Says BNY Mellon’s Bodart
The European Central Bank’s (ECB) Target2-Securities (T2S) settlement system may have been delayed for an indefinite period (likely from the original date of 2013 to 2015), but important discussions are continuing on the possible interaction of the area of corporate actions with the securities settlement system. Paul Bodart, executive vice president and head of EMEA…
Bank Bukopin Selects FRSGlobal’s IFRS solution
FRSGlobal today announced that Bank Bukopin has selected FRSGlobal’s International Financial Reporting Standards (IFRS) solution. The deal was signed in collaboration with associate partner PT Nexia Indonesia Advisory Services (PTNIAS) – a partnership that was formed as part of FRSGlobal’s commitment to the Indonesian market. Tri Joko Prihanto, finance and planning director of Bank Bukopin,…
SEB’s Strandberg Talks up Need for Business Case for Corporate Actions Harmonisation
The Securities Market Practice Group (SMPG) and the Corporate Actions Joint Working Group (CAJWG) have come forward leaps and bounds in their endeavours to harmonise the industry’s corporate actions messaging formats, according to Christine Strandberg, global product manager for the Asset Servicing division of Nordic financial group SEB. However, the standards may be in place…
European Commission’s Reding Indicates Data Protection Update is Required, Systems Changes on their Way
The European Commissioner for Justice, Fundamental Rights and Citizenship Viviane Reding is dead set on updating the European Union’s 15 year old Data Protection Directive in order to ensure that it is “stronger and more consistent” across the region. However, the regulation is likely to have a significant impact on data managers and the vendor…
Japanese Regulator Plans to Extend Risk Reporting Requirements for Large Financial Groups
Following the release of its basic blueprint for reform of the financial services market at the end of last year, the Japanese Financial Services Agency (FSA) has this month indicated that it will be drawing up a draft bill, including reforms related to capital and liquidity risk reporting, for governmental consideration this year. A key…
DTCC Adds Three Non-Participant Board Members to its Ranks, Two New Directors
As part of the Depository Trust & Clearing Corporation’s (DTCC) bid for the approval of its Trade Information Warehouse as a data repository for OTC credit derivatives, which was finally granted earlier this year, the vendor has been making a bid to prove its stability and independence as candidate for a single market utility in…