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BNY Mellon Asset Servicing Enhances Reporting Capabilities for Derivatives and Fair Value Requirements
BNY Mellon Asset Servicing, the global leader in securities servicing, has enhanced its Workbench reporting platform to assist institutional clients comply with recent rule changes related to derivatives accounting and disclosure in international markets. These changes are being driven by updates to Governmental Accounting Standards Board (GASB) Statement No. 53, Accounting and Financial Reporting for…
US-EU Bulk Data Swift Transfer Continues to Prove Controversial in Europe
As noted by Reference Data Review last month, consensus remains out of reach on the subject of bank data transfer between the US and Europe across the Swift network. European politicians are keen that bulk data transfers of sensitive customer data across the network for counter terrorism purposes be avoided and that this data instead be processed…
Interactive Data’s D’Arcy Hints at Closer Tie up with SunGard as a Result of Private Equity Buy Out
Following yesterday’s private equity buy out of Interactive Data, speculation about what the future may hold for the number three data vendor has rippled across the industry. Speaking to Reference Data Review, president and CEO of Interactive Data Ray D’Arcy indicates that in the short term the vendor will benefit from much closer relationships with the…
FRSGlobal Developing World’s First Theoretical Foundation for Fair Value Pricing of Emission Linked Derivatives
FRSGlobal today announced that it is working with the Institute of Data Analysis and Process Design of Zurich University of Applied Science (ZHAW) to create the world’s first theoretical foundation to gauge fair value pricing of emission linked derivatives contracts. This CTI project is being led by Professors Wolfgang Breyman (ZHAW) and Jury Hinz (National…
Fiserv’ Financial Institution Services Business Experiences 3.3% Revenue Decrease in First Quarter
Following on from the disappointing last quarter of 2009 for its Financial Institution Services business, Fiserv has yet again experienced a revenue decline for the division in the first quarter of this year. The business experienced a decline in revenue of 3.3% or US$16 million from US$488 million in the first quarter of 2009 to…
Aim Software and SIX Telekurs Launch 7th Edition of the Aim Global Reference Data and Risk Management Survey
Aim Software today announced the launch of its 7th international reference data and risk management survey which is designed to provide insights into the challenges, trends and planned investments for reference data automation and risk management in the financial industry. This year’s survey is sponsored by SIX Telekurs. In the dramatically changing world of finance,…
Private Equity Wins the Day with US$3.4bn Acquisition of Interactive Data; Breakup on the Cards?
As predicted by Reference Data Review back in January, the likeliest candidate out of Interactive Data’s array of potential suitors has stepped up to acquire Pearson’s stake in the business and the common stock from shareholders for a total of US$3.4 billion. Private equity houses Silver Lake and Warburg Pincus are equal equity partners in…
What the Industry Wants the Regulators to Know About Reference Data…
As noted in my previous blog, a regulatory driven reference data utility is on its way for the US market, but it seems that not many of you out there are convinced this is the right step to be taking. My fellow panellists at a recent corporate actions focused event in London indicated that they…
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…