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US and European Regulators Pledge to Work Together for CDS CCP Oversight
Last week potentially saw the beginning of the end of the row concerning the regulation of the credit default swap (CDS) central clearing counterparty (CCP) market with an announcement from the regulatory community that it is discussing cooperation and information sharing arrangements. During a meeting hosted by the Federal Reserve Bank of New York, regulators…
Significant Number of Companies Interested in Consolidated Standards for IFRS Reporting, Says Deloitte
A “significant” number of US private companies are interested in the introduction of accounting standards based on International Financial Reporting Standards (IFRS), according to a recent online poll by consultancy firm Deloitte & Touche. The poll, which took place during a webcast with around 1,700 finance professionals, indicated that 40% of respondents were considering taking…
Nine Interdealer Brokers Indicate Commitment to European CDS CCP
Following the announcement by the regulatory community that it will be working together to oversee the credit default swap (CDS) central counterparty clearing (CCP) market, the interdealer broker community has also indicated its commitment to the European initiatives. According to an announcement by the International Swaps and Derivatives Association (ISDA), nine of the largest players…
Interactive Data Experienced Strong Growth in Q4 2008, Says Exiting CEO Clark
Despite the downturn in the markets, it seems that Interactive Data had a good end to 2008 in terms of financial results. The data vendor’s fourth quarter results for last year indicate that its revenue was up 6.6% on previous year’s figures to US$194.1 million from US$182.1 million in the fourth quarter of 2007. “Despite…
France to Create Own CDS CCP, Says Banque de France Report
According to a recently leaked Banque de France report, the French central bank is attempting to unite the countries in the EU to set up their own clearing counterparty (CCP) for the credit default swap (CDS) market. It is thought that the proposals are in reaction to the announcement earlier this week by London-based LCH.Clearnet…
Solix Technologies Partners with Oracle to Embed EDMS in Flexcube
EDM vendor Solix Technologies has entered into a global partner agreement with Oracle Financial Services Software, under which Oracle will offer Solix EDMS as embedded functionality in Oracle Flexcube. The combined solution is aimed at automating archive and purge processes by classifying data, configuring and executing archiving and data migration routines, explains Shekhar Dasgupta, president…
DSTi Appoints Laliberte as Managing Director for North America
DST International (DSTi) has appointed strategic consultant Walt Laliberte as managing director for North America. Prior to his appointment, Laliberte ran his own consultancy, Laliberte Associates, which provides a strategic consultancy service to the consulting and software industries. Laliberte has also previously worked for PricewaterhouseCoopers and Accenture. His new appointment will require him to focus…
American Bankers Association Concerned FASB is Ignoring Underlying Issues with Mark to Market
Following the announcement by the Financial Accounting Standards Board (FASB) earlier in the month that it would be revisiting mark to market accounting standards, the American Bankers Association (ABA) has spoken up about some concerns it has about the FASB approach. The association feels that issues underlying the controversial accounting rules are not being taken…
Risky Business
No matter where you turn these days, you’re bombarded with solutions that promise to offer better risk management capabilities and nowhere more so than the data management community. So far this year, the sheer volume of reports linking the idea of risk management with better data management is indicative of this trend in the market….
Reference Data Getting its Day in the Sun, Marcus Evans Delegates Told
Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference on 12 February. Taylor, who was chairing the event, indicated that increased regulatory…