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Moody’s Faces Revenue Decline in Data and Analytics Biz, But Uptick in Risk Software for Q4

Although ratings agency and data and risk management solution provider Moody’s experienced a positive end to the year overall in terms of revenues, with a fourth quarter revenue increase of 16.9% on the previous year’s figures, the vendor’s research, data and analytics business was down for the quarter by 1%. The risk software segment, however,…

FSB Releases Reform Agenda for 2010, Liquidity Risk and Accounting Standards Feature Heavily

Last year saw the transformation and empowerment of the Financial Services Board (FSB) to lead and monitor regulatory coordination across Europe. This year, the regulatory body has a significant list of tasks ahead of it to effectively put this function into practice, including coordinating the implementation of improvements to accounting standards and raising capital and…

Italian Central Bank Director Stresses Importance of Regulatory Data Consistency Across Europe

In light of the increase in cross border activity and foreign financial institution entry into European domestic markets over recent years, Anna Maria Tarantola, deputy director general of the Bank of Italy, has been talking up the need for common information sharing methodologies and central databases across Europe. Last year, Tarantola discussed these issues with…

CEBS Publishes Concentration Risk Guidelines: Data Management Systems to be Thrown into Spotlight

In line with planned risk related deliverables, the Committee of European Banking Supervisors (CEBS) has published another consultation paper, this time on the management of concentration risk under the supervisory review process. The paper is available for comment until 31 March next year and is aimed at providing market participants with a holistic approach to…

Costs and Corporate Actions Top the List of Concerns for Aim Software and Interactive Data Survey Respondents

The high cost involved in the processing of reference data is the main driver this year behind investment in technology in the data management space, according to the results of 2009’s annual survey by Aim Software and Interactive Data. This focus is unsurprising, given the intense budget cutting that has been characteristic of the post-crisis…

CESR Awaits Industry Feedback on Standard Reporting Format for Securities Issuers

Industry participants have until the end of this month to respond to the Committee of European Securities Regulators’ (CESR) call for evidence on the use of a standard reporting format for financial reporting for issuers admitting securities for trading on regulated markets. In the US, the Securities and Exchange Commission (SEC) has already mandated similar…

Principia Standardises Integration, Ongoing Surveillance and Management of Collateral Performance Data

Principia Partners, a solution provider for the management and administration of structured finance portfolios, today announced the launch of Principia Structured Finance Platform (Principia SFP) Version 6.2. The latest upgrade helps financial institutions and investment managers to track, monitor, analyse and report on the collateral pool performance of any fixed income asset, including asset backed…

US Government Sends Final OTC Derivatives Regulations Proposals to Congress

Following the publication of its white paper on an overhaul of the OTC derivatives regulatory regime last month, the US government has finally sent its proposals to Congress, which will vote on them once it returns from its August recess. The proposals include requirements for the more vanilla end of the spectrum of these instruments…

CFTC’s Gensler Calls for Interoperability for OTC Derivatives Clearing Market

Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), has this week elaborated on his desire for more competition to be introduced to the OTC derivatives clearing environment. Gensler testified before Congress to encourage the US government to introduce greater levels of standardisation within the market and the ability for market participants to be…

European Commission Bent on Post-trade Infrastructure Revamp for Derivatives

The European Commission has released its proposals for a revamp of the derivatives market in a bid to reduce counterparty risk and improve the transparency of these traditionally opaque instruments. A central tenet of the recommendations, similar to that of the recently proposed US regulatory framework for derivatives, is the introduction of central clearing counterparties…