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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,…
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…
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…
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…
Quantifi Survey Reveals Industry-Wide Move to Overhaul Counterparty Risk Systems
Quantifi, a leading provider of analytics, trading and risk management solutions for the global capital markets, today announced the preliminary findings of its counterparty credit risk survey. Quantifi recently participated in the Global Derivatives and Risk Management conference in Paris and surveyed a cross section of financial firms to gain insight into the various approaches…
Pricing Partners Speeds up the Computation of the Livret A in its Inflation Derivatives Module
Pricing Partners announced today that it has improved the computation speed of the Livret A in the inflation module of its derivatives pricing analytics and has extended the number of possibilities to compute the French inflation index. Following a review of the Livret A computation, Pricing Partners has upgraded the computation method to support the…
BVI’s Siebel Elaborates on Why EC’s Current Agreement with S&P on US ISINs Could Hold Back Systemic Risk Monitoring Efforts
If further action is not taken with regards to ensuring the licensing issues around Standard & Poor’s US ISIN practices for European firms are tackled (as well as the pricing issues) then regulators may be held back in their systemic risk monitoring activities, according to Rudolf Siebel, managing director who is responsible for legal and…
S&P’s Purcell Discusses the European Commission’s Ruling Regarding US ISIN Pricing Practices
Given the industry debate that has been sparked by the European Commission’s agreement with Standard & Poor’s for the vendor’s Cusip Global Services (CGS) business to cut the fee it charges European customers to receive ISINs for US securities, Reference Data Review catches up with Darren Purcell, European director for CGS, to find out the vendor’s perspective….
The Current State of Data Quality for Risk, Analytics and Valuations: Letter from Asia
By Stephen Engdahl, senior vice president of product strategy for GoldenSource The impact of data quality on critical business functions is a hot topic in data management circles today and one that I was looking forward to hear more on at the A-Team Group Data Management for Risk, Analytics and Valuations conference that took place…