The owners of the SWX Group, SIS Group and Telekurs Group have unanimously approved the merger of the three companies (Reference Data Review, May 2007). Within the framework of the planned transaction, the business activities of the Swiss financial market infrastructure providers will be combined under the roof of a strategic holding entity. The objective of the merger is to enhance efficiency and innovativeness as well as to strengthen the competitiveness of the Swiss financial centre. This new corporate structure will be established at the start of 2008, subject to approval of the transaction by the Competition Commission. The new enterprise will operate under the name Swiss Financial Market Services.
A-Team Insight Briefs
Merger of SWX Group, SIS Group, Telekurs Group Unanimously Approved
Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...
New York-based FundGuard, a pioneer of AI in investment management and asset services, has completed a $12 million Series A funding round. The company will use the funding for product development to meet increased regulatory demands for transparency and resilience in the fund administration segment. The company works with several of the world’s largest fund...
RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.
The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...