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Does the European Commission’s Ruling on S&P Regarding ISIN Pricing go Far Enough?
Some corners of the industry are not convinced that the European Commission’s recent ruling on Standard & Poor’s ISIN pricing commitments goes far enough, as evidenced by comments made by a number of industry associations including the European Fund and Asset Management Association (EFAMA) and the UK-based Information Provider User Group (IPUG) last week. It…
Virginie’s Blog – A Thorough Grilling at DMRAV
This time last week I was in New York chairing our Data Management for Risk, Analytics and Valuations (DMRAV) conference in front of a packed audience clamouring to hear more about the Office of Financial Research (OFR) from the Fed’s own CDO John Bottega. Although it was not the only highlight of the day (many…
Xtrakter and SIX Telekurs Agree to Expand Pricing Data
Xtrakter, a leading provider of capital market data, trade matching and regulatory reporting services, welcomes SIX Telekurs as the first data vendor to access Xtrakter’s Mark-to-Market valuation service, known as XM2M. SIX Telekurs clients now have pricing data on over 45,000 domestic and international fixed-income instruments, including illiquid instruments such as asset-backed securities. Bid and…
Latest JWG Risk Research Finds Industry Unlikely to be Ready for 2012 Regulatory Environment
JWG, the independent financial regulatory think-tank, today released their latest research entitled ‘Clearing the risk MI bar?’ The report is based on a survey of 20 risk, data and finance professionals in 16 global financial institutions which was released in March 2011 as well as discussions with international trade associations, regulators and technology vendors. The…
ISDA Responds to the Financial Stability Board Report on OTC Derivatives Markets Reforms Implementation
The International Swaps and Derivatives Association (ISDA) has submitted its response to the Financial Stability Board’s (FSB) progress report on OTC derivatives market reforms, published on April 15, 2011. The work of the FSB is vital to ensuring that regulatory reform is consistent across different regions, and ISDA believes that the progress report offers a…
Firms Face More Data Disclosure Around Level 3 Asset Valuations, Following FASB and IASB Agreement on Fair Value
Regulators may be at odds with each other this week regarding the definition of what constitutes a firm that is systemically risky, but significant progress has been made on the standards front by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in agreeing a global definition for “fair value”. The…
Transatlantic Tension
Speakers from the European Commission at this week’s Association for Financial Markets in Europe (AFME) post-trade conference highlighted the ongoing tension between US and European regulators with regards to the changing global agenda for oversight. Data sharing arrangements may be in place and discussions about data standards may be ongoing across the Atlantic, but what…
SEC Seeks Comment to Assist in Study on Assigned Credit Ratings, Examines Utility Model
As part of its broader examination of the impact of credit ratings agencies on the financial markets, the Securities and Exchange Commission (SEC) has published a new request for comment on the feasibility of a system in which a public or private utility or a self-regulatory organisation would assign a nationally recognised statistical rating organisation…
Is There a Disconnect Between Basel III and the US FSOC on SIFI Criteria?
Chris Brummer, a senior fellow at the Milken Institute, reckons the current manner in which Basel III is taking shape may conflict with rules being developed by the US Financial Stability Oversight Council (FSOC) regarding the criteria by which firms are categorised as “systemically important financial institutions” (SIFIs). FSOC, the European Financial Stability Board (FSB)…
Algorithmics Makes Case for Data Oriented Risk Management
In its latest paper, Algorithmics sets out the case for an integrated data-oriented approach to risk management, and outlines the practical steps risk IT professionals can take to achieve this. Based on Algorithmics’ innovative risk technology and decades of experience working with financial institutions around the world, the paper provides insight into risk-specific data issues,…