Numerix has added automated model validation testing to its CrossAsset analytics platform, allowing users to automate previously manual processes, receive regular reports on the suitability of models in specific market conditions, and meet regulations that scrutinise the use of models and their governance.
Portfolio pricing and instrument valuations are under the spotlight as an increasing number of regulations require pricing and valuations data, the need for data quality and accuracy tops the agenda, and transparency of pricing methodologies becomes central to price challenges.
Intercontinental Exchange’s ICE Benchmark Administration (IBA) is calling for feedback on proposed enhancements to Libor. The proposals have been published this week in a Position Paper on the Evolution of ICE Libor and include an expanded universe of transactions, a wider window for eligible transactions, and the need for consistent and reliable data.
To accompany our recent webinar on the Putting the LEI into Practice, we asked participants to give us their thoughts on the key discussion themes. Here is Marty Williams, Vice President, Reference Data Development, Interactive Data.
The wave of LIBOR-inspired compliance requirements has particular implications for capital market participants. Proactive management of a firm’s risk and compliance environments is desperately needed to stay ahead of this wave.
The past 12 to 18 months has seen the appointment of many chief data officers, in an apparent acknowledgment of the strategic importance of data to the financial institution. But what is the CDO’s role? Is it that of an evangelist or enforcer of internal data policies and procedures? Or something else entirely?