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Financial Services Braced for Global Data Deluge in 2010
The financial industry has been flooded with over 2,000 pages of regulatory documents this month including a dozen publications from European supervisory agencies, two major consultations from the Basel committee on banking supervision and over 15 pronouncements from the UK’s Financial Services Authority (FSA). The surge of regulatory activity comes amid a torrent of speeches…
Milne Departs Xtrakter, Replaced by Euroclear’s Weber as New CEO
Following its acquisition by Euroclear in April this year it was only a matter of time before a management shake up was conducted at Trax platform operator Xtrakter. The vendor, which was previously operated as a subsidiary of the International Capital Market Association (ICMA), will now be headed by ex-Euroclear UK & Ireland CEO Yannic…
Operational Risk Could be Data’s Best Friend
By Daniel Simpson, CEO of Cadis The story is one we’ve heard before – we’ve slowly come to recognise the importance of an issue, some of us have even started to do something about it but mostly it’s much discussed and remains on the ‘to do’ pile. So what is the tale this time? That…
FactSet Research Systems Down 0.2% in Revenue for Q1 2010
Financial information and analytical applications vendor FactSet Research Systems has experienced a difficult first quarter to fiscal 2010, with revenues down 0.2% compared to the prior year. Despite the market downturn, the vendor has been investing in its business via the launch of a new platform and has now gone from offering data integration services…
Lehner Named President and CEO of Eagle Investment Systems
Eagle Investment Systems, a provider of financial services technology and a subsidiary of BNY Mellon, today announced that John Lehner, the firm’s president, will be expanding his responsibilities to assume the additional role of CEO effective January 1, 2010. Lehner will continue to report to Lou Maiuri, chairman of Eagle Investment Systems and global head…
Principia Supports Standardisation of Bond Issuance Data for Structured Finance
Principia Partners, a solution provider for the management and administration of structured finance portfolios, has enhanced its platform to help investors standardise the ongoing integration of structured finance bond trustee data. As a result, investment managers can better define, analyse and report on bond level information for RMBS and other structured credit asset classes, supporting…
CEBS Outputs Another CP, This Time on Risk Stress Testing Best Practices
The Committee of European Banking Supervisors (CEBS) has added another document to the industry’s Christmas reading list with the publication of its revised guidelines on stress testing, otherwise known as CP32. The new guidelines, on which the industry has until 31 March to comment, include details of the scale of the data management challenge posed…
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…
DST Global Solutions ups Ante in China with New Biz Dev Team, Yu to Head
In line with its global expansion plans and a spate of recent new hires, investment management solution provider DST Global Solutions has added a new business development team to its on the ground presence in China. The team will be headed by Nancy Yu, who was previously head of sales for DST Global Solutions’ China…
RDR Poll This Month: Are Chief Data Officers the Norm?
Reference data issues may be rising up the industry agenda as a result of risk management and regulatory considerations, but how much of a priority does your firm place on the data function. There has previously been a lot of talk about the increase in the number of chief data officers (CDOs) in the market,…