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IOSCO Technology Focused Report Highlights Post-trade Data Fragmentation, Timeliness Issues
Although it is largely focused on the impact of front office technology and developments such as high frequency trading, the International Organisation of Securities Commissions’ (IOSCO) recent consultation report also highlights the need for greater timeliness and transparency into post-trade data. Referencing its recent report on dark liquidity, IOSCO notes that market fragmentation across new…
Pricing Partners Introduces CVA, DVA and Bilateral CVA Computation in its Derivatives Pricing Analytics
Pricing Partners announced today that Price-it library can compute CVA, DVA and bilateral CVA for all payoff based trades. Credit Value Adjustment (CVA) represents the additional cost to account for the possibility of the counterparty’s default, which is computed as the difference between the risk free market value and the one where the counterparty could…
The AIFMD in Focus: Valuations and Data Reporting Requirements Incoming
The controversial Alternative Investment Fund Managers Directive (AIFMD), which was first proposed in 2009, was published last month and is due to come into force over the next couple of years, includes key data related requirements such as increased transparency into valuations and new fund registration processes. A-Team Insight examines the latest and final version…
“Hockey Stick” Moment for CVA Due to Regulatory and Accounting Rule Changes
Accounting standards changes, Basel III and the development of industry best practices for risk management and valuations have caused a “hockey stick moment” for the development of credit valuation adjustment (CVA). Dan Travers, product manager for Adaptiv and CVA solutions at SunGard, explains that CVA is a fast evolving area and the last five years…
Credit Suisse Strengthens Asia Pacific Global Markets Solutions Group Management And China Investment Banking Coverage
Credit Suisse today announced the appointments of Carl Bautista, Mervyn Chow and George Pavey as Co-heads of its Global Markets Solutions Group (GMSG) for Asia Pacific and the appointment of Zeth Hung as Vice Chairman of the Investment Banking Department and GMSG for Greater China. The appointments, announced today by Vikram Malhotra and Helman Sitohang,…
Serious Scientific Task Awaits the OFR and FSOC, Says Systemic Risk Focused Academic Liechty
As well as the data standardisation challenge, the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC) also face the “significant scientific task” of understanding how to use this data, according to academic John Liechty, professor of marketing and statistics at Smeal College of Business for Penn State University and director for…
Broadridge and CTI Form Strategic Alliance to Provide Advanced Tax Reporting and Compliance Solutions
Broadridge Financial Solutions and Compliance Technologies International (CTI) jointly announce that they have entered into a partnership that integrates Broadridge’s Tax Managed Services (TMS) with CTI’s Tax Withholding software. This alliance offers broker-dealers comprehensive tax reporting and compliance capabilities designed to meet the increasingly complex tax processing and withholding needs of financial services firms. Through…
Deutsche Bank’s Scott and Northern Trust’s Chapman Highlight the Regulatory Deluge Facing Ops Teams in 2012
There are so many regulations facing the corporate actions and securities operations sector that back office teams may be hard pushed to get on with their day job, said Justin Chapman, global head of industry management, operations and technology at Northern Trust, at this month’s CorpActions 2011 conference in London. Nick Scott, managing director and…
EC’s Barnier Indicates Will Not Go Ahead with Proposed Mark to Market Changes Before IASB Rules are Finalised
The European Commission’s EU Internal Market Commissioner Michel Barnier has publicly stated this week that Europe will not go ahead with the adoption of the International Accounting Standards Board’s (IASB) proposed mark to market changes before the related accounting rules are finalised. The accounting standards body has been working on a redefinition of fair value…
S&P Hires Ex-Thomson Reuters Data Consultant Nash for Enterprise Role
Standard & Poor’s has hired ex-Thomson Reuters EMEA and global head for its data consultancy business Penny Nash into its Enterprise Solutions team. Nash had been with Thomson Reuters since 2005 and has been involved in its data team and its corporate actions focused business lines over the course of her career at the data…