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ISDA Indicates Commitment to OTC Derivatives Repositories and Greater Data Standardisation
The International Swaps and Derivatives Association (ISDA) has this week pledged its support for the establishment of global central repositories for OTC derivatives data and its commitment to the provision of relevant transaction data to supervisory authorities. The promises were made in a letter that has been sent to the heads of the primary supervisory…
Thomson Reuters’ Robson Highlights Rise of CDO and Regulatory Focus on Data
Data’s position as a critically important subject in the financial markets has finally been recognised by both the regulatory community and the industry at large, said Jon Robson, president of Thomson Reuters’ Enterprise division, to attendees to the vendor’s data roundtable event in London earlier this week. “The financial markets are all about content and…
Huge Number of Ad Hoc Regulatory Requests is Adding to the Data Challenge, Says BarCap’s Bhattacharjee
Financial services firms are being faced with a huge number of on the hoof ad hoc reporting requirements from the regulatory community and this is putting significant pressure on their data infrastructures, said Kris Bhattacharjee, global head of regulatory policy and reporting at Barclays Capital. He explained to attendees to Thomson Reuters’ roundtable earlier this…
Kinetic Partners Recruits Szylar from RBS, Focuses on Modular Approach to Enterprise Risk Management
Kinetic Partners has added a new face to its team, ex-RBS Portfolio Risk Services MD Christian Szylar, to lead the vendor’s efforts in the risk modelling and valuations space. The vendor has been stepping up its approach to the market by touting its modular approach to risk management as a more practical way to meet…
Firms Being Forced to Invest in Counterparty Risk Systems Due to Business Concerns, Says Algorithmics
Rather than pressures related to regulation, the business concerns of the front office are driving a spate of investment into revamping firms’ counterparty risk systems, according to a recent survey conducted by risk solution vendor Algorithmics. The investments are focused largely on credit value adjustment (CVA), which allows for more dynamic pricing of counterparty credit…
CetrelSecurities Announces Today its First Customer in Asia
CetrelSecurities, a specialist in providing ASP services to financial institutions with more than 20 active clients using the service announced today that it has acquired its first customer in Singapore. Being a regulated company controlled by the Luxembourg Financial Markets Authority, CetrelSecurities, a subsidiary of the Luxembourg based Cetrel, focuses on the provision of outsourced…
Two Out of Three Ain’t Bad
When we first heard the latest theory on the succession plan for the former Reuters – that is to say, the market data vendor now known as Thomson Reuters Markets – we thought it was just so much tittle-tattle. It was back in October or November, and the integration of Reuters with Thomson Financial had…
Innovation Beats Regulation
By Penny Davenport, managing director, and Lansing Gatrell, director, Markit Document Exchange, Markit Group 2010 has carried on where 2009 left off with the spectre of regulation hanging over the financial markets. At the same time, government continues to get bigger, in education and healthcare as well as financial markets, in both the United States…
Fiserv Loses Harries to DST Global Solutions, Mulkeen Also Out the Door, But What of its eVent Business?
Following a rather disappointing end of year quarter for its financial segment and a dearth of wins for its corporate actions solution eVent over the last 12 months, it seems Fiserv has suffered yet another blow this month with the departure of two of its key staff members: former vice president of its Investment Services…
Standard Chartered Selects UnaVista for Reference Data Solution
The London Stock Exchange announced today that Standard Chartered, a major international bank, has selected UnaVista as its global repository for reference data. Standard Chartered recently became the first bank to benefit from the Exchange’s partnership with FactSet Research systems, and are now receiving counterparty and issuer linkage data from FactSet through UnaVista. Standard Chartered…