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Virginie’s Blog – Does Corporate Actions Data Have a Place in a Utility?
The same old discussions about STP and standardisation in the corporate actions space may play out year after year (see my recent blog on which here), but one interesting (and newer, if not entirely new) idea discussed at last week’s CorpActions 2011 conference was the concept of corporate actions event data being stored in a…
Panellists Note the Lack of a Global Initiative for Proxy Voting Standardisation
There may be a number of national initiatives focused on standardising proxy voting practices in individual countries, but there are no global efforts to harmonise these practices across borders, agreed panellists at this month’s CorpActions 2011 conference in London. Justin Chapman, global head of process management at Northern Trust, suggested that some engagement at an…
Mr. René Anger Leaves Pricing Partners
Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today that after five years of collaboration between Pricing Partners and René Anger, its previously CTO, have agreed to part the company. Mr Eric Benhamou stated: “We thank René for his contribution to Pricing Partners. We wish him success…
Thomson Reuters Survey Highlights Top Four Areas of Bank Concern for OTC Derivatives Regulation
The uncertainty surrounding upcoming over-the-counter (OTC) derivatives regulation is prompting concern amongst banks in four key areas, according to a recent survey by Thomson Reuters. The implications of the regulations on capital requirements, workflow, the cost to trade and liquidity for single-bank platforms were highlighted by banks as unknown outcomes of most concern resulting from…
Esmeralda Estrella Joins XSP as Marketing Communications Specialist
XSP, the global leader in automated end-to-end Corporate Actions solutions, announced today that Esmeralda (“Emy”) Estrella has joined the Company as Marketing Communications Specialist based in the New York office. In this new role, she will be responsible for helping to further promote the XSP brand through a variety of Marketing and Communications programs as…
Virginie’s Blog – The Coming of the Regulatory Data Empire?
Not only has the Swift/Depository Trust and Clearing Corporation (DTCC) alliance been backed this week by a Sifma led industry coalition group to act as the issuer and registration authority for the new legal entity identification standard, but the partners have also received the support of a number of these same associations to establish a…
SAS’ ‘Big Analytics’ Tackles Big Data, Speeds Problem Solving
A powerful new release of SAS software helps enable faster, better decision making by improving analysis of vast and growing amounts of data. Whether a retailer optimising pricing for thousands of items, a hospital identifying which treatment plans improve patient health, or a government agency fighting fraud, SAS, the leader in business analytics, helps organisations…
WMDatenservice’s Heer Talks up European Potential of New German Financial Instrument Documentation Standards
Germany has recently introduced a new product information standard, called Produktinformationsblatt (shortened to the acronym PIB), that is an extension of the concept of the Key Investor Information Documents (KIID) under UCITS and aims to standardise the formatting of product information for the benefit of investors. Markus Heer, managing director of German data vendor WMDatenservice,…
ECB Might be Agnostic About How Securities Settlement Harmonisation Happens, But Standards Are Foundation
The European Central Bank (ECB) might be keen for harmonisation across the European securities settlement environment, but it is not fussy about how it gets there, said Hugh Simpson, senior advisor to the central bank from Bourse Consult at this week’s CorpActions 2011 conference in London. One important prerequisite to harmonisation is (whether it be…
SWIFT BICPlusIBAN Directory Helps Corporates Get SEPA-Ready
At the end of 2012, it will become mandatory under SEPA to use IBANs and BICs to identify the parties to payments transactions. Corporates still using old-style account numbers in their payments messages must have migrated to the new codes by that time. This means that in very short order corporates need to validate the…