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Greater Importance Being Placed on Assumptive Data for Valuations, Agree DMRAV Panellists
Increased importance is being placed on providing the assumptive data inputs that are going into pricing and valuations calculations, according to panellists at last month’s A-Team Group Data Management for Risk, Analytics and Valuations (DMRAV) conference in NYC. This data is required as a result of changes to accounting rules related to fair value by…
Fitch Launches Analytical Tools for EMEA and Asia-Pacific Corporates
Fitch Ratings has released tools designed to help investors better understand Fitch’s analytical approach, in particular the agency’s approach to computing credit metrics in IFRS jurisdictions, and its bespoke recovery analysis. “These new tools are a continuation of EMEA Corporates’ Clear Thinking programme, which is designed to make Fitch’s ratings more transparent and useful to…
Swift’s Halberstadt and Pobuda Elaborate on its Progress in the FX and Payments SSI Space, Reference Data Utility Plans
It is no secret that Swift’s 2015 plan includes a great deal more about reference data than previous strategies devised by the industry network operator. In February, Swift announced that it would be putting words into action in the payments and FX standing settlement instruction (SSI) space by establishing a new service in these markets,…
SEC Publishes 517 Pages of Proposed Rules for Ratings Sector, More Data Transparency is on the Cards
At the end of last month, the Securities and Exchange Commission (SEC) published a 517 page document that details a whole host of new requirements for ratings agencies and those that use ratings in their day to day operations (ergo most of the market). The paper adds to the regulator’s recent investigation into he feasibility…
Thomson Reuters Adds Ex-Wolters Kluwer Exec Curtis to its Ranks
The revolving door at data giant Thomson Reuters continues to spin unabated (see commentary on the recent slew of people moves) with the addition of ex-Wolters Kluwer MD Dean Curtis to its ranks. Curtis, who was with the regulatory solutions specialist for nearly four years and was likely a casualty of the recent FRSGlobal acquisition,…
Virginie’s Blog – Swift’s Future Focus?
Swift has a serious decision to make this year about its potential future in the securities reference data space, beyond legal entity identification and standing settlement instructions (SSI) in the FX and money markets that is… Last month, Swift was selected by ISO as the successful candidate to act as the registration authority for its…
Reliance on Data Vendors, Cost and Poor Data Quality Remain Hurdles to Transparency, Says City of London Paper on MiFID
As the MiFID review process rumbles on ahead of a potential sequel, more and more attention is being directed towards the data quality issues underlying the barriers to post-trade market transparency. On this note, the City of London’s recently published report into the impacts of MiFID (handily titled “Understanding the Impacts of MiFID”) indicates that…
Jeff Nason Joins Butterfield Fulcrum to Lead Global and Strategic Relationships
Asset management professional Jeff Nason has joined Butterfield Fulcrum, a leading top five independent fund services provider, as Managing Director, Global and Strategic Relationships. In this newly created position, he will be responsible for further developing Butterfield Fulcrum’s relationships with large, complex alternative asset fund groups. Based in the New York office, Mr. Nason will…
Netik’s Mason Elaborates on Plans for CorrectNet Integration
In its first acquisition since its management shakeup last year, Netik recently bagged client reporting and data distribution focused vendor CorrectNet, in a move that aims to bolster its end to end data management capabilities. John Mason, who was appointed chief operating officer of the vendor in August last year, explains that the two vendors…
CFTC Plans 8 June Roundtable to Discuss Instrument Identification Standards
In keeping with its push to keep data standardisation high on the industry agenda and the establishment of a new regulator subcommittee on the subject earlier this month, the Commodity Futures Trading Commission (CFTC) has indicated that it will be conducting a public roundtable on 8 June to discuss the technical aspects of the introduction…