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CESR Agrees with EFRAG Response to IASB Proposals: In Need of Serious Revision
Following its discussions earlier this year with the European Financial Reporting Advisory Group (EFRAG) around the International Accounting Standards Board’s (IASB) revisions of global accounting rules, the Committee of European Securities Regulators (CESR) has yet again stepped in to the fray to identify its own position on the changes. CESR states that it is in…
CEBS Publishes Concentration Risk Guidelines: Data Management Systems to be Thrown into Spotlight
In line with planned risk related deliverables, the Committee of European Banking Supervisors (CEBS) has published another consultation paper, this time on the management of concentration risk under the supervisory review process. The paper is available for comment until 31 March next year and is aimed at providing market participants with a holistic approach to…
SmartCo Partners with CounterpartyLink and Delivers New Entity Data Connector
SmartCo, a data management software company which specialises in the financial sector, and CounterpartyLink, a specialist information provider in the research, maintenance and distribution of global issuer, client and counterparty data for compliance and risk management purposes, have announced the integration of CounterpartyLink data into SmartCo DataHub. CounterpartyLink’s legal entity data is used globally by…
The Season for (Social) Networking?
Social networking websites have proved to be the journalist’s stock barometer this year in terms of measuring industry or consumer appetite for anything from the taste of Marmite to political opinion. The creation of a Facebook group in opposition to a certain political decision, or for that matter, celebrity happening, is taken as a straw…
Morningstar to Acquire Chicago-based Logical Information Machines
Morningstar, a provider of independent investment research, today announced it has entered into a definitive agreement to acquire Logical Information Machines, (LIM), a provider of data and analytics for the energy, financial, and agriculture sectors, for US$51.5 million, subject to post-closing adjustments. LIM had revenue of approximately US$20 million for the last 12 months. The…
Wells Fargo Chooses SimCorp Dimension
SimCorp has announced that Wells Fargo Bank, a subsidiary of Wells Fargo & Co, which is the fourth largest financial services company in the United States by assets, has extended its usage of SimCorp Dimension. With Wells Fargo & Co’s acquisition of Wachovia Corporation in 2008, Wells Fargo was already benefitting from the installation of…
Art with the A-Team
Alternative investments are proving popular in light of the lack of confidence in some sectors of the financial markets and art has become a rather sought after investment opportunity (see the astronomical prices being paid for Warhol’s work recently for proof). So last week’s A-Team Group event in East Gallery on Brick Lane was more…
Datanomic Announces Formation of Independent Advisory Board
Compliance and data management specialists, Datanomic, today announced the formation of an independent advisory board to help steer the company through its next phase of domestic and international growth. The advisory board will draw on the knowledge and experience of external, independent experts to deliver guidance, governance and market insight as Datanomic continues to expand…
SunGard Enhances FastVal Independent Valuation Service
SunGard has released a new version of FastVal, its independent valuation service for vanilla cash and complex structured products and OTC derivatives. SunGard’s FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation, as well as enhanced Greeks, greater functionality in the running of intraday valuations, and…
Pricing Partners and Belatos Limited Team Up for Broad Distribution of Price-it Solution Suites in Asia
Pricing Partners has established a distribution agreement with a new partner, Belatos Limited. The distributor will deliver Pricing Partners’ full solution suites throughout the entire Asia Pacific region. First line support will be provided out of Belatos’ Hong Kong office. The promising Asian market is growing at a high rate. Independent valuation services and tools…