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Algorithmics Enhances Solvency II Standard Formula Reporting
Algorithmics, the leading provider of risk solutions, today announced enhancements to its Solvency II Standard Formula reporting capabilities with the launch of a new web-based Standard Formula reporting product: Algo Audit and Compliance. The product is designed to address Pillars 2 and 3 of Solvency II which require insurance firms conducting business in Europe to…
Virginie’s Blog – MiFIR: A New Breed of Data Requirements
Rather than opting for an all in one directive to herald the second coming of MiFID, the European Commission has split the update into two parts: a regulation and a directive. The Markets in Financial Instruments Regulation (MiFIR) should be of particular interest to the data management community due to its focus on all aspects…
Siag Consulting and Pricing Partners Team up for Broad Distribution in Iberia and LATAM
Pricing Partners and Siag Consulting International, a tier 1 consulting and systems implementation specialist based in Madrid, have announced today a partnership covering Iberia and LATAM. Siag’s expertise in Market and Credit risk management provides the deep domain expertise to partner with Pricing Partners in advising and supporting client valuation methodologies given the increased requirement…
Virginie’s Blog – To Share or Not to Share?
As expected, the issue of data sharing across regulatory borders has proved to be a particularly controversial issue over recent months. A case in point is the recent response to the Financial Stability Board (FSB) by the Global Financial Markets Association (GFMA) on the subject of recovery and resolution planning, which suggests that home country…
CFTC Appoints Veteran Rogers as Chief of its New Office of Data and Technology
In line with its increased focus on monitoring the data underlying the swaps markets, the Commodity Futures Trading Commission (CFTC) has this week indicated that it will be establishing a new Office of Data and Technology for launch in October and has appointed CFTC veteran of 10 years John Rogers as its new director. Rogers,…
UK FSA Provides More Derivatives Transaction Reporting Data Details, Including Cleared Derivatives Reporting Requirements
Last month, the UK Financial Services Authority (FSA) launched its Zen transaction reporting and market surveillance system for the collection of Alternative Instrument Identifier (AII) codes and has opened a four month window for firms to adopt the codes ahead of the November deadline. Accordingly, this month’s FSA Market Watch newsletter is focused on providing market…
How Will the FSB’s Shadow Banking Taskforce Tackle the Data Standards Issue?
The Financial Stability Board (FSB) has recently indicated that its shadow banking taskforce is working on some recommendations for strengthening the oversight of the non-bank systemically important sector, which will necessarily require these firms to provide detailed legal entity structural and hierarchical data to the regulatory community. But how will the community tackle the oversight…
The IMS Group Appoints Three New Compliance Consultants
The IMS Group (IMS), the compliance and regulation consultancy, has appointed three new compliance consultants. The new hires are Diana Stevens, Cynthia Griffith and Daniel Sharpe. Diana joins IMS from multi-billion dollar hedge fund Eton Park Capital Management, L.P, where she assumed the day to day coverage of compliance in its London branch. Her areas…
Virginie’s Blog – Reference Data @ Sibos
Ahead of Swift’s annual conference later this month, here’s a quick roundup of the reference data related sessions on the agenda for those heading to Toronto (and a preview for those of you who will be waiting for A-Team coverage of the event). In keeping with Swift’s extended ambitions in the reference data standards space…
Growth in APAC Economies Drives Netik Expansion into Asia Pacific Region
Netik, the global leading provider of financial data creation, management and distribution services and solutions, announced today a key strategic move in the Asia Pacific region with the opening of its Hong Kong office. As part of Netik’s overall repositioning strategy and to complement their existing commercial centres in New York and London, the Hong…