FACT CRS, a tool designed to analyse and manage credit risk, has been developed by Bureau van Dijk Electronic Publishing (BvDEP) and Fitch Risk. BvDEP says its clients recognised how their solutions could help them with Basel II compliance. BvDEP
New Star Asset Management has hired Ian Lewis from UBS Global Asset Management as Head of UK Institutional Sales and Marketing. At UBS, Lewis was head of UK consultant relations. New Star describes him as "a key member of the
FACT CRS, a new integrated tool to analyse and manage credit risk, has been positively received by the global credit risk community, the company said. FACT CRS aims to streamline credit processes and liberate analysts' time, and evolved directly from
ABN AMRO has implemented an advanced Trading Strategy Management engine to enhance the capabilities of its Equity Advanced Execution Services Desk. The rules engine and its suite of auto trade tools, developed by Apama, will extend ABN AMRO's range of
Lloyd's, the specialist insurance market, has signed an infrastructure managed services (IMS) agreement with Unisys, with a potential estimated value of $17million (GBP 10 million) over the five year term of the contract. Unisys will support around 1,400 desktops and
The SWIFT Annual General Meeting has approved the admission of securities data vendors as a new category of participant. The move, which aims to entrench SWIFT in the automated messaging of corporate actions and reference data, sees "securities market data
Despite positive economic progress across Europe, new research published today by Demica highlights the polarity between the levels of financial burden facing A rated and sub investment grade companies. Sub investment grade European corporates are experiencing a severe increase in
TWIST the not for profit group of over 70 financial market participants and service providers which has set itself the target of defining communication standards for commercial and financial payments processes has launched XML based standards for commercial payments and
Iris Financial has released the Fixed Income Front Office, which it says is a complete system covering pricing, risk, trade capture, quote management and connectivity for government and corporate bonds. The Fixed Income Front Office is built on Iris Financial's
The Brussels based European Financial Services Round Table (EFR) has urged the national and European regulatory authorities to start implementing a lead supervisory regime for financial institutions in the European Union(EU). The 17 Members of the EFR chief executive officers