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Majority of PRMIA Members Back the Establishment of a US-based Data Utility
US Republican senator Richard Shelby may be sceptical about the Financial Services Bill’s proposals for the establishment of a data collection agency, but US risk management professionals are seemingly keen for such a utility to be introduced. According to a recent survey of chief risk officers (CROs) by the Professional Risk Managers’ International Association (PRMIA)…
Cadis Adds Securities Services Firm to its Client Base; Plane Indicates Sell Side Push in 2010
Traditionally buy side focused enterprise data management (EDM) vendor Cadis has bagged itself a new securities services firm customer this quarter and is planning to expand its reach in the sell side further still this year, says Stuart Plane, the vendor’s sales and marketing director. The sell side firm is one of the seven new…
MiFID JWG Reconvening in June, JWG’s Di Giammarino Points to Overlooked Reference Data Aspects of MiFID Review
In light of the current review of MiFID going on at the European level, the MiFID Joint Working Group (JWG) is set to reconvene at the start of June to discuss the key business and IT related issues. One such issue will be the impact of all this regulatory work on the reference data space,…
Cadis Wins Seven New Clients in Q1
Cadis, the next generation EDM provider, has secured seven new global clients in Q1 2010 on the strength of its 100 per cent implementation record, best practice approach and proven ability to deliver ROI within months. These seven companies join a rapidly expanding client list which includes the world’s largest – and most influential –…
Kurtosys Systems Transforms the Way Asset Managers Deliver Enterprise Data with the Launch of the EDM Solution
Kurtosys Systems Limited, a provider of client communication solutions today announced the release of their Enterprise Data Management (EDM) platform for asset management. Developed in partnership with Talend, a market innovator in open source data integration, Kurtosys EDM provides an integrated platform for managing an organisation’s information systems, with functionality for data extraction, modelling, capture,…
BNY Mellon Asset Servicing Enhances Reporting Capabilities for Derivatives and Fair Value Requirements
BNY Mellon Asset Servicing, the global leader in securities servicing, has enhanced its Workbench reporting platform to assist institutional clients comply with recent rule changes related to derivatives accounting and disclosure in international markets. These changes are being driven by updates to Governmental Accounting Standards Board (GASB) Statement No. 53, Accounting and Financial Reporting for…
US-EU Bulk Data Swift Transfer Continues to Prove Controversial in Europe
As noted by Reference Data Review last month, consensus remains out of reach on the subject of bank data transfer between the US and Europe across the Swift network. European politicians are keen that bulk data transfers of sensitive customer data across the network for counter terrorism purposes be avoided and that this data instead be processed…
DTCC Continues Expansion of Public Data on OTC Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) expanded its public release of data in the Trade Information Warehouse’s global repository to include a breakout of outstanding credit default swap (CDS) contract values in their currencies of denomination. This added information is expected to help provide greater transparency into the risk exposure of a particular currency…
Fiserv’ Financial Institution Services Business Experiences 3.3% Revenue Decrease in First Quarter
Following on from the disappointing last quarter of 2009 for its Financial Institution Services business, Fiserv has yet again experienced a revenue decline for the division in the first quarter of this year. The business experienced a decline in revenue of 3.3% or US$16 million from US$488 million in the first quarter of 2009 to…
Regulators are Cracking Down on Counterparty Identifiers in Line with the MiFID Review
The UK Financial Services Authority’s (FSA) recent fining of German bank Commerzbank for its transaction reporting failures is just one instance of the regulator’s current focus on the data details of a firm’s business. One of the underlying problems in Commerzbank’s case was the incorrect allocation of counterparty codes and the use of proprietary codes for…