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S&P Valuation and Risk Strategies Expands Coverage Beyond Rated Universe with Quantitatively Derived Corporate Credit Health Assessments
S&P Valuation and Risk Strategies, an independent and analytically separate business unit within Standard & Poor’s that provides users with market intelligence and analytic insight for risk-driven investment analysis, announced the launch of a new credit evaluation benchmark on its Global Credit Portal investor analytics platform. Called the Credit Health Panel, the new feature provides…
Thomson Reuters Experiences 3% Increase in Revenue for Enterprise Division in First Quarter 2010
Following a fairly positive end to last year, Thomson Reuters’ Enterprise division has once again proved to be a bright spot for the vendor’s Markets division for the first quarter of 2010 with a 3% increase in revenue on the same period last year. This increase is set against a decline in the overall revenues…
Focus on Corporate Governance Could Prove a Boon for Proxy Voting Automation, Says Computershare’s Sarkar
The recent regulatory and market interest in the area of corporate governance could prove to be beneficial for the drive to further automate the proxy voting space, said Naz Sarkar, director of Computershare Investor Services, which provides online shareholder services. By calling for the voting process to be made easier and for more shareholders to…
IOSCO Confirms Hedge Funds Will Need to Provide Regulators with 11 New Data Sets in September
Following the publication of the new agreed template for the global collection of hedge fund data by the International Organisation of Securities Commissions’ (IOSCO) Technical Committee in February, the regulator has confirmed that these funds will have to start providing this data to national regulators at the end of September. Aimed at better monitoring risk…
European Issuers Unconvinced of Benefits of Moving to XBRL, Says Capita Registrars’ Kempe
Just because there are market inefficiencies in the US that require the introduction of XBRL to be solved, doesn’t mean that Europe should follow suit, contended Michael Kempe, chief development officer for Capita Registrars, which looks after issuers in the UK and Irish markets. The European market is much less paper driven than the US…
SEC Seeking Market Feedback on XBRL Compliance Challenges
As part of its wider push to extend XBRL into other areas such as the tagging of source documents for mortgage backed securities (MBS) and corporate actions, the Securities and Exchange Commission (SEC) is currently taking stock of the challenges faced by the industry during XBRL implementation thus far. To this end, the US regulator…
Volante Announces Support for Swift SR 2010 and EBAM
Powering finance with data management innovations, Volante Technologies, today announced the availability of updates to the Volante product suite with support for the latest Swift Standards Release 2010 as well as EBAM (Electronic Bank Account Management). Available as plug-ins to Volante integration tools, these include fully functional versions of the newest ISO 15022 and ISO…
Data Repositories are Focus of Ongoing European and US Regulatory Discussions
Recent letters between Michel Barnier, the European Commission’s internal market and services commissioner, and US Treasury secretary Timothy Geithner indicate that data sharing is very much at the top of the regulatory agenda at the moment, especially with regards to derivatives. The issue of trade data repositories is at the heart of the debate, as…
Swift’s Mansur and DTCC’s Hands Champion Global Use of XBRL for Corporate Actions, Pilot to be Launched by Year End
What is good for the US market, could also be good for the rest of the world, contended Max Mansur, global market manager for Asset Servicing at Swift, and David Hands, director of asset services product management at DTCC Solutions, when speaking about the benefits of XBRL for the corporate actions market. The work going…
Brace Co-author of the BGM Model Joins Numerix Quantitative Advisory Board
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, today announced that Alan Brace, co-developer of the BGM model, has joined the Numerix quantitative advisory board. Brace is a co-author of the Brace-Gatarek-Musiela (BGM) model, also known as the Libor market model (LMM), which was proposed in a paper “The market model…