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EDM Council Releases Draft of Semantics Repository for Industry Evaluation
Following the announcement of its plans to establish an online semantics repository in May last year, the EDM Council has finally released the first draft of the repository for industry evaluation. The online conceptual data model and data dictionary is aimed at providing an open resource for collaboration among industry participants and tackling the problem…
Fitch Taps Thomson Reuters’ Warner to Head Content Operations
Fitch Solutions has named Simone Warner senior director and head of its global content operations. Based in London, Warner will report to Thomas Aubrey, managing director, Fitch Solutions. In this new role, Warner will manage Fitch’s internal content teams and be responsible for the content requirements of Fitch Solutions and Fitch Ratings. As such, she…
European Issuer Community is Focused on Standardisation, Says Fransens
The European issuer community is working with the rest of the industry towards achieving greater efficiency and reduced costs in the area of corporate actions processing, according to Dorien Fransens, secretary general of EuropeanIssuers. Speaking to the delegation at CorpActions 2009 Europe, Fransens elaborated the progress that the two cross sector working groups, looking at…
Data Management Projects Need to Hit Three Sweet Spots to Get Green Light, Says Northern Trust’s Chapman
In the current cost cutting climate, corporate actions automation projects need to hit three sweet spots in order to secure funding, Justin Chapman, senior vice president of Northern Trust told delegates to CorpActions 2009 Europe. These sweet spots take the form of cutting costs, reducing risks and providing more intellectual property, he explained. “Although it…
Shark’s Tooth Volatility of the Market is Raising the Risk Profile of Corporate Actions Dramatically, Says JPMorgan’s Kane
“We are living in unprecedented times,” explained David Kane, senior vice president of securities and operations at JPMorgan Worldwide Securities Services, to the Securities and Operations Forum’s CorpActions 2009 Europe delegation in London this month. The extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and…
Shark’s Tooth Volatility Bites Corporate Actions Risk Profile, Says JPM’s Kane
“We are living in unprecedented times,” explained David Kane, senior vice president of securities and operations at JPMorgan Worldwide Securities Services, to the Securities and Operations Forum’s CorpActions 2009 Europe delegation in London this month. The extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and…
Risk Avoidance is the Cornerstone of the Corporate Actions Business in the Current Climate, Says HSBC’s Brock
As the representative of global custodian community in the current market conditions, the focus of the industry is wholly on risk avoidance, Stephenie Brock, manager of technology and business solutions for corporate actions at HSBC Securities Services, told delegates to the CorpActions 2009 Europe conference. “Risk avoidance is in fact the cornerstone of the business…
S&P’s FIRMS Launches Raft of New Services While Facing EC Scrutiny
It certainly has been a busy month for Standard & Poor’s and it seems that some parts of the business have had a better January than others. S&P’s Cusip Service Bureau (CSB) has not had a good start to the year with the European Commission’s announcement on 12 January that it will be investigating the…
Reval Claims 50% Increase in Revenue for 2008 and 75 New Clients
Originally appeared in MiFID Monitor In keeping with the perception that risk has become a key focus for investment in the current environment, risk management solutions provider Reval has announced strong client growth over 2008. According to the vendor, it experienced a 50% increase in revenue and the addition of 75 new clients over last…
Interactive Data Adds More Information on Fixed Income Evaluations, Promotes Duggan to COO of Evaluated Services Business
Interactive Data Corporation’s Pricing and Reference Data business has added more data, including a daily market commentary on the fixed income markets, to support its fixed income evaluations services. The vendor says it decided to provide more information within the service free of cost to its client base with a view to increasing transparency into…