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Is the Upcoming G20 Meeting the Only Hope for Convergence of Global Accounting Standards?
Government officials at the April G20 summit agreed that some degree of harmonisation is needed in order to achieve a globally accepted set of accounting standards. However, this year has instead witnessed further divergence on these standards, as the each jurisdiction has sought to tackle the fallout from the downturn in the markets. The US…
Getting Riled up Over Data
As you know, in the run up to Swift’s Sibos conference next month, Reference Data Review has been endeavouring to find out what readers think of the European Central Bank’s proposed reference data utility. And it’s reassuring to know that rather than existing in a vacuum, data managers are ready and waiting to provide feedback….
DPC DATA MuniGUARD Addresses Bond Dealers’ Mounting MSRB and Finra Compliance Concerns
DPC DATA, a provider of municipal bond disclosure data, research and data services, today announced that its new surveillance service, MuniGUARD, is helping municipal bond dealers address mounting regulatory demands and enforcement pressures related to investor protections. Providing automated notice of the latest material event filings, which can be integrated directly into trading and compliance…
GBST Releases SSI Validation Testing Engine to Reduce Operational Risk
Following its rebrand under the heading of GBST Global Broker Services earlier this month, the vendor previously known as Coexis has released a new validation service for standard settlement instructions (SSIs). Dubbed Syn~SSI, the solution is aimed at reducing settlement failure caused by unpredictable changes in counterparties’ SSIs, says the vendor. “The operational risk of…
The Sibos Vendor Agenda: SEB’s Fors Talks up Corporate Actions and Risk
Next month’s Sibos conference in Hong Kong seems to be generating its fair share of buzz with regards to putting corporate actions back on the agenda. Goran Fors, global head of custody at Nordic bank SEB, reckons the discussions will indicate that the industry still has a long way to go within this particularly manual…
Macquarie Wrap Launches Online Election Service for Corporate Actions
Australian bank Macquarie’s investment platform business, Macquarie Wrap, has launched a new online election service for corporate actions. The aim of the new service is to expedite the processing of corporate actions for listed equities and improve the efficiency of advisers and their support staff, says Doug Chang, head of product for Macquarie Wrap. The…
NIF Off to a Slow Start with Only 44 Signatures: Is the US Convinced it’s the Answer to Reference Data Standardisation?
As the industry discussions continue around the European Central Bank’s proposed reference data utility, across the pond another similar campaign is attempting to drum up support for its own data standardisation initiative. The Committee to Establish the National Institute of Finance is canvassing for industry participants to sign its petition to launch (you’ve guessed it)…
Myners’ Voting Rights Proposals Could Pose Significant Data Challenges
The UK’s Financial Services Secretary Paul Myners’ proposals to establish a two tier shareholder register could add another layer of data complexity for financial institutions operating in the market. The proposals are aimed at ensuring longstanding institutional investors receive greater voting clout than short term investors and preventing the increase in what Myners calls “ownerless…
StatPro Confirms 19% Increase In Revenue for First Half of Year, Adds Ex-Interactive Data CEO Clark to Non-Exec Board
Portfolio analytics and data solution vendor StatPro has experienced a positive start to 2009, with the posting of a 19% increase in revenue on last year’s figures for the first half of the year. At a time when so many other vendors are struggling, it seems that strong renewals and new sales have buoyed the…
Asset Control’s New AC Plus Desktop Tool Aimed at Helping Business Users Get to Grips with Data, Says Enfield
In keeping with its current focus on the valuations space (as discussed in last month’s issue of Reference Data Review), enterprise data management (EDM) vendor Asset Control has released an upgrade for its AC Plus Desktop solution aimed at providing more transparency around pricing data. Rick Enfield, product business owner of the AC Plus solution,…