A-Team Insight Blogs The latest content from across the platform
Hungary’s OTP Bank Deploys SuperDerivatives’ Revaluation Service to Improve Hedging and Transparency
OTP Bank, the biggest commercial bank in Hungary, has selected SuperDerivatives (SD), the derivatives benchmark, to provide market-accurate revaluations for its varied derivatives portfolio. Krisztian Kovacs, head of middle office department at OTP Bank, comments: “We needed a reliable, independent view of the value of the broad range of vanilla and complex FX and interest…
Weekend Talks in Basel Spur on Risk and Data Agenda for 2010
As predicted by A-Team Group last week, the weekend’s discussions in Basel between central bankers, regulators and a number of representatives from the private sector helped to kick off the risk management agenda for 2010. The group discussed the proposals enshrined in the Basel Committee on Banking Supervision’s (BCBS) published in December and indicated that…
US Financial Services Firms Lag Behind Europe in Data Management, Says Global Research
DataFlux, a provider of data quality and data integration solutions, today announced the findings of a multi-market research study, conducted throughout 2009, involving interviews with senior IT and data professionals in large financial services companies. The study, which DataFlux commissioned, outlines current attitudes and practices towards data management and industry regulation in the finance sector….
Asset Control Appoints Ex-Moody’s Risk and Regulation Exec Cheshire for Biz Dev
In line with its current focus on the data aspects of regulatory compliance, EDM vendor Asset Control has added a new member to its team with direct experience in the risk and regulatory capital management sector: ex-Moody’s executive Simon Cheshire. He joins as vice president of strategy and business development and will be based in…
FSB Releases Reform Agenda for 2010, Liquidity Risk and Accounting Standards Feature Heavily
Last year saw the transformation and empowerment of the Financial Services Board (FSB) to lead and monitor regulatory coordination across Europe. This year, the regulatory body has a significant list of tasks ahead of it to effectively put this function into practice, including coordinating the implementation of improvements to accounting standards and raising capital and…
XSP Completes Testing and Connectivity to Swift Via Alliance Lite
Swift has been talking up the benefits of Alliance Lite (jokingly referred to by some as ‘Swift on a stick’) for some time and the vendor community is seemingly beginning to get on board with the internet-based connectivity solution, which is aimed at extending the network’s reach via low cost access. One such vendor is…
IntercontinentalExchange Announces Changes in Creditex Brokerage Management Team
IntercontinentalExchange, an operator of global regulated futures exchanges, clearing houses and OTC markets, announced changes to the management team within its Creditex business. Creditex is a global interdealer broker for credit default swaps (CDS) and is a wholly owned subsidiary of ICE. ICE appointed Grant Biggar as president of Creditex. Biggar was previously managing director…
FFastFill Extends into OTC CCP Markets
FFastFill has announced major developments for its Eclipse product into the OTC central counterparty (CCP) market. This new focus, based on the latest Oracle database platform, builds on existing global exchange traded derivative (ETD) successes and existing OTC functionality within Eclipse. “OTC clearing is a hot topic for 2010. Since inception Eclipse was designed to…
Joint Forum Paper Calls for New Entity Data Standards and Repositories for Derivatives Data
Following on from the publication of its risk related papers at the end of last year, the Basel Committee on Banking Supervision (BCBS) in cooperation with the Joint Forum has produced a new all-encompassing review of international financial market supervision. The review includes recommendations to introduce new data standards across regulatory jurisdictions with the aim…
Netik’s Wise, Close and Hale Discuss Three Key Product Focuses for 2010
Following the relaunch of its Global Securities Master (GSM) solution in September, data management and reporting solution vendor Netik has been expounding the benefits of the upgraded managed services solution to the buy side community. This work resulted in a win at the very end of the year, with the start of a rollout of…