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Interactive Data and FINRA Provide Transparency into Structured Securities Market
Interactive Data Corporation, a leading provider of financial market data, analytics, and related solutions, today announced that Interactive Data and the Financial Industry Regulatory Authority (FINRA) have developed a set of reports designed to provide transparency into market activity related to U.S. structured securities on a daily basis. The reports consist of the U.S. Structured…
Omgeo’s Freeman on the Changing Dynamics of the SSI Space
Reference Data Review speaks with Omgeo’s executive director of industry relations Tony Freeman about the vendor’s recent research into the settlement and account instruction (SSI) space, which highlights the high number of trade fails caused by problems with SSI data. Freeman also elaborates on the changing dynamics in the SSI space caused by increased competition…
Fiserv’s Hanselman Discusses its Basel III Education Programme
Risk management solution vendor Fiserv has been engaging in an educational outreach programme with the financial services community regarding incoming regulatory developments such as Basel III. Reference Data Review speaks to Orlando Hanselman, education programmes director for risk and compliance solutions at Fiserv, about some of this work with board level execs “There is a great degree…
The RiskBusiness Regulator Survey Shows Some Cause for Concern
In July and August 2011, RiskBusiness International undertook an electronic survey amongst risk management professionals working in the global financial services industry to rate their regulator, anonymously, on its performance in several categories relating to operational risk supervision and oversight: Clarity and completeness of regulations; conformance of regulations to Basel II and Solvency II; approachability;…
Surge of Regulations Prompt Fund and Asset Managers to Leverage Technology
With increasing demands for operational transparency, improving risk management and staying abreast of regulatory developments, the technology used to manage these functions has become a key focus for fund and asset managers. Managers are recognising the necessity to update or employ new management systems to increase efficiency of their operations and compete for client assets….
EFAMA Promotes TER Report to Improve Transparency of Investment Fees
A report commissioned by the European Fund and Asset Management Association (“EFAMA”) published today aims to give investors greater transparency and understanding of cost breakdown within the Total Expense Ratio (“TER”) of European mutual funds. As part of its on-going campaign to promote investor education, EFAMA believes greater transparency is needed to reveal the breakdown…
Leading Canadian Bank Selects Broadridge Canada for Smart Document Creation Solution
Broadridge Financial Solutions, today announced that another Canadian financial institution has selected Broadridge Canada’s Smart Document Creation solution for the generation of Fund Facts documents required by the new Point-of-Sale (POS) regulations. The Smart Document Creation solution will generate regulatory Fund Facts documents for the bank’s mutual funds through an automated document creation process. Using…
Industry Funds Management Selects SunGard’s Investran and VPM
Industry Funds Management (IFM), a leading global investment manager has selected SunGard’s Investran and VPM solutions to help streamline and enhance back-office accounting across all of its investment products and portfolios. IFM manages over A$30 billion across four asset classes: infrastructure, private equity, debt investments and listed equity portfolios. SunGard’s Investran, an award winning application…
SEI Survey: Private Equity Managers Struggling to Keep Up with Increasing Investor Transparency Demands
While nearly everyone in the private equity space agrees that there has been an increased focus on portfolio transparency and client reporting over the past few years, investors remain dissatisfied with the information they receive from managers, according to a global survey report released today by SEI in collaboration with Greenwich Associates. Less than half…
The Investment Fund Industry Should be Preparing for FATCA Already
Multifonds, a leader in flexible, multi-jurisdictional, single-platform fund administration software, says that while in some cases FATCA’s implications remain unclear, on other points asset managers, administrators and vendors can make progress now. The US’s Foreign Account Tax Compliance Act (FATCA), which will come into effect on January 1 2013, has far-reaching implications for the investment…