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Industry Groups Petition Against CESR’s Proposed Client Categorisation Regime Changes Under MiFID
Industry groups and associations including the Alternative Investment Management Association (Aima), the Association for Financial Markets in Europe (AFME) and the Futures and Options Association (FOA) have all indicated that they do not wish the Committee of European Securities Regulators (CESR) to push ahead with its proposed changes to the MiFID client categorisation regime as…
End is in Sight for Swift’s Lean Programme, But is it Fighting Fit?
Ahead of this year’s Sibos in Amsterdam and following the approval of the 2015 strategy, I have been asking people what they think of Swift and its new five year plan. The most obvious concern for most of the market seems to boil down to one thing: cost. Whatever you think of its new, more…
Tykoczinski Joins Kinetic Partners, Bolstering Risk and Valuation Services
Isabelle Tykoczinski has been appointed a member at Kinetic Partners, and will be joining the London risk team to strengthen and develop Kinetic Partners’ current risk offering. This new appointment will further enhance Kinetic’s capabilities across the risk spectrum, backed up by proven execution capabilities, including its Risk and Valuation Services (RVS) platform and analytics….
Eagle Moves Legrand to Singapore Office, Plans London Expansion
Following its establishment of an office in Singapore in October last year, data management solution vendor Eagle Investment Systems has decided to move its current Asian and EMEA managing director John Legrand from his London base out to the office in order to boost its competitive approach in the region. The US headquartered vendor subsidiary…
BIC’s Potential as a Detailed Entity Identifier May Be Limited, Says Bodart
The development of Swift’s Bank Identifier Code (BIC) as a legal entity identifier has proved a controversial topic over the last year or so and a number of industry participants are concerned that it is not fit for purpose. Paul Bodart, executive vice president and head of EMEA global operations at BNY Mellon Asset Servicing, for…
XBRL Has Great Potential for the Corporate Actions Market, Says BNY Mellon’s Bodart
Swift is certainly convinced of the benefits of XBRL for the corporate actions space but it is not alone in its opinion: it has won favour with a number of high profile banking execs in the space, not least of which is BNY Mellon Asset Servicing’s executive vice president and head of EMEA global operations…
S&P Valuation and Risk Strategies Expands Cross Asset Class Price Evaluation Research Capabilities on its Global Credit Portal
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, in an effort to provide easily accessible information has added a number of enhancements to Valuations on the Global Credit Portal. The new enhancements will make…
Reval Forms Risk and Compliance Board Committee, Hires Chief Compliance Officer
Reval, a global derivative risk management and hedge accounting solutions provider that has been managing post-trade over-the-counter (OTC) derivative contracts in its single version software-as-a-service (SaaS) platform for over a decade, announced today that it has formed a board-level risk and compliance committee and has hired a chief compliance officer in advance of its registration…
CESR Elaborates on New Counterparty Risk Requirements for UCITS, Data Quality Back in the Spotlight
The Committee of European Securities Regulators (CESR) has added yet another paper detailing new data requirements for UCITS as part of its ongoing mandate to provide more clarity around the requirements of the directive, this time focused on counterparty risk measurement. The “guidelines on risk measurement and the calculation of global exposure and counterparty risk…
GFI FENICS Appoints New Head of Quantitative Research
GFI Group’s FENICS has appointed Julian Cook as head of quantitative research. In his expanded role, Cook will now be responsible for devising and executing GFI FENICS’ ongoing maths strategy. This will include proprietary models as well as the ongoing relationships with third-party model providers. Cook will also oversee bespoke projects for clients, ensuring that…