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CFTC’s Gary Gensler: Shining a Light on Swaps Transparency
CFTC chairman Gary Gensler has urged market practitioners to rally behind the Dodd-Frank regulatory reforms that will boost transparency in derivatives markets and outlined the steps the derivatives regulatory agency has taken to improve transparency in the swaps markets it oversees. Speaking at a conference hosted by the Office of Financial Research and the Financial…
MoneyMate’s Smyth Elaborates Further on the M&G Investments’ Implementation
M&G Investments first looked at establishing a new product master data solution for its 50-odd retail funds back in the summer of 2009 and, after a detailed and in-depth couple of years of background research and planning, it has finally rolled out the first phase of buy side data management specialist vendor MoneyMate’s DataManager solution….
HSBC’s Johnson Highlights the Deep Data Content Requirements of Solvency II
Although Solvency II may at first appear to be an insurance only focused regulation, the asset management and asset servicing communities are having to prepare for some fairly onerous deep data requirements coming their way by way of their insurance clients, warned Chris Johnson, head of product management for market data services at HSBC Securities…
SNR Denton Helps First Data Obtain Approval from European Regulators for its Binding Corporate Rules for Data Privacy
SNR Denton has successfully helped First Data Corporation, a global leader in electronic commerce and payment processing, obtain approval from European Data Protection regulators for its Binding Corporate Rules for data privacy (BCRs). Today, the Information Commissioner’s Office granted authorisation of First Data’s BCRs, making it the eleventh company to obtain such authorization. First Data…
Krung Thai Bank Implements Financial Studio IAS/IFRS
Financial Architects (FinArch), the market leading vendor for integrated Finance and Risk software solutions, is pleased to announce that Krung Thai Bank has selected its flagship Financial Studio to address Bank of Thailand (BOT) IAS 39 requirements. Krung Thai Bank Public Company Limited (“Krung Thai Bank”) decided to implement the packaged IFRS solution to achieve…
Edward Jones Chooses Broadridge Canada’s New Issue Fulfillment Solution
Broadridge Financial Solutions, today announced that Edward Jones has chosen Broadridge Canada’s New Issue Fulfillment solution for the communication and delivery of transaction confirmations and required compliance documents for new issue equity and fixed income products in Canada. The solution incorporates print on demand technology with inventory management and provides concise audit reporting. As a…
CGS Reach Agreement with European Commission
CUSIP Global Services (CGS), a leading provider of securities identifiers and other solutions that enable efficient trading, clearing and settlement in capital markets throughout the world, today announced it has reached an agreement with the European Commission (EC) to create and distribute a new data feed of US ISINs tailored specifically to the needs of…
FESE’s Berthoud Elaborates on the MMT Initiative for Trade Flag Standardisation
Marc Berthoud, vice chairman of the Federation of European Securities Exchanges’ (FESE) Economics and Statistics Committee and deputy head of data and index products SIX Swiss Exchange, explained the details of the exchange association’s recent initiative in the market data space: the Market Model Typology (MMT), to delegates at last week’s FIMA conference in London….
Virginie’s Blog – In Need of the Data Management Avengers?
Another interesting topic from last week’s FIMA conference was the discussion about how to ensure the profile of the data management function is sufficiently recognised as important, both within financial institutions – by the board and the business users downstream – and within the industry at large. The data management challenge may have been thrown…
SEC Enforcement Division Produces Record Results in Safeguarding Investors and Markets
The Securities and Exchange Commission today announced that the agency filed a record 735 enforcement actions in the fiscal year that ended September 30. This record number includes many cases involving highly complex products, transactions, and market practices, including those related to the financial crisis as well as insider trading by market professionals. “We continue…