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Swift’s Church Explains How Reference Data Could Fit into 2015 Strategy
At the end of last year, Swift threw out a few tantalising titbits about its potential future role in the securities reference data space, including the opportunity for Bank Identifier Codes (BICs) in entity identification and its position on the European Central Bank’s proposed utility. However, Swift is in the midst of its 2015 strategy…
EMC to Acquire Archer Technologies, Provider of IT Governance Risk and Compliance Software
EMC Corporation today announced that it has signed a definitive agreement to acquire Kansas-based Archer Technologies, a privately held provider of governance, risk and compliance (GRC) software. The acquisition will build upon EMC’s expertise and leadership in helping customers better visualise and manage risk throughout their IT infrastructure. EMC’s acquisition of Archer is expected to…
OECD Talks up Data Quality Issues Within Regulatory Databases
At the end of 2009, the Organisation for Economic Cooperation and Development (OECD) added to the long list of regulatory papers highlighting the importance of data quality in the oversight function with a paper on regulatory systems. The regulatory policy committee report, Indicators of Regulatory Management Systems, highlights the need for greater consistency in terms…
Japanese FSA Produces Reform Blueprint, Bank of Japan’s Shirakawa Talks up Risk Management
The Japanese Financial Services Agency (FSA) has released its blueprint for an overhaul of the country’s financial services regulatory framework, including forcing more transparency in the OTC derivatives markets, new trade reporting requirements and risk management provisions. Last week, the governor of the Bank of Japan, Masaaki Shirakawa, also spoke about the importance of Japanese…
Schooley Appointed General Manager of Broadridge’s Mutual Funds Proxy Services Business
Broadridge Financial Solutions today announced the appointment of Peggy Schooley as general manager of its Mutual Funds Proxy Services business. She joins Broadridge from Evergreen Service Company, where she served as president since 2005. Evergreen Service Company is a subsidiary of Evergreen Investment Company, part of the investment management business owned by Wells Fargo &…
EDM Council’s Atkin Elaborates on the Industry Group’s Progress This Year
Following on from last week’s holiday party and end of the year meeting, EDM Council managing director Mike Atkin has produced a 2009 update report on the data industry group’s progress this year. The work of the group has proved sometimes controversial, but the EDM Council certainly cannot be accused of resting on its laurels….
UK FSA Slaps London Branch of Toronto Dominion Bank with £7m Fine for Pricing Failures
In the first of what could represent an avalanche of related fines for the financial services community, the UK Financial Services Authority (FSA) has this week fined the London branch of Toronto Dominion Bank £7 million for repeated systems and controls failings around the pricing of sophisticated financial products. This is the bank’s second fine…
StatPro Signs GIPS Compliance Deal with MFC
StatPro Group, a provider of portfolio analytics and asset evaluations services for the global asset management industry, today announces that MFC Global Investment Management (MFC GIM) has signed a contract for its GIPS compliance software. MFC GIM is the institutional asset management business of Manulife Financial Corporation. Global Investment Performance Standards (GIPS) are a set…
SmartCo Teams up with CounterpartyLink for New Entity Data Solution
Given the intense focus on counterparty risk in the post-Lehman world, it is no surprise that various members of the vendor community are teaming together to tackle the entity data space. One such partnership has resulted in the integration of EDM vendor SmartCo’s DataHub solution with CounterpartyLink’s issuer, client and counterparty data. James Redfern, head…
Top Broker-Dealers Choose DPC Data’s MuniPoints To Streamline Compliance While Improving Client Service
DPC Data, a provider of municipal bond disclosure data, research and data services, today announced that six top-tier and large regional broker-dealers and wealth management firms have adopted MuniPoints for rapid bond research and disclosure to investors. In an average week, tens of thousands of MuniPoints summaries are being accessed by dealers and risk managers…