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The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed Anneli Tuominen as its Vice Chair. Tuominen, who is the Director-General of the Finnish Finanssivalvonta (FIN-FSA), will serve a 2.5 year term effective immediately.
She replaces Carlos Tavares, former Chairman of the Portuguese Comissão Do Mercado De Valores Mobiliários (CMVM), whose has completed his term.
Steven Maijoor, ESMA Chair, says: “I am delighted to announce the appointment of Anneli Tuominen as ESMA Vice Chair. As one of our longest serving members she has demonstrated her commitment to supporting ESMA in the pursuit of its
- 29/01/2016
- 29/01/2016
Alternative asset management firm Black Diamond Capital Management has appointed Todd Arden as Senior Managing Director and Co-Chief Credit Officer.
Arden will have responsibility for co-managing Black Diamond's underwriting processes and credit exposures and will also source stressed and distressed investment opportunities for Black Diamond's funds. Hw will be based in Black Diamond's Greenwich, Connecticut office.
Stephen H Deckoff, Black Diamond's Managing Principal, says "I am excited to have Todd join the firm and am confident that his deep experience in credit and distressed investing will be a great asset to Black Diamond. With significant opportunities and challenges presenting themselves
- 28/01/2016
The US Commodity Futures Trading Commission (CFTC) has signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank (Bundesbank,
The MOU is in relation to the cooperation and the exchange of information in the supervision and oversight of clearing organisations that operate on a cross-border basis in the United States and in Germany.
- 28/01/2016
Misys is to host a webinar to discuss some of the key findings of a seven-point Hedgeweek operational systems survey carried out in July 2015, which canvassed the opinions 50 global investment managers and highlighted the key pinch points being felt by asset manager and hedge funds as they continue to adapt to global regulations.
What impact is this having on their internal systems? And what are the problems that operations teams have with those systems in terms of remaining compliant and executing myriad reports for regulators and their end investors?
There’s little doubt that the operational infrastructure within fund
- 28/01/2016
Senior executives at financial services firms are concerned that regulation in the sector is not promoting stability, according to the 2016 Global Regulatory Outlook published by Duff & Phelps.
A majority of 193 C-Suite and senior level staff polled by the firm believe that regulation is having little or no effect on stability, and potentially making the industry less stable.
Asked if regulatory changes in recent years have created adequate safeguards to prevent a future crash, only 6 per cent of respondents felt able to give an unqualified “yes”. Of the remainder, 37 per cent says they had not,
- 28/01/2016
FINCAD, a provider of valuation and risk analytics for multi-asset, multi-currency portfolios, has added several key enhancements to F3, its object-oriented valuation and risk platform.
These enhancements benefit buy-side firms searching for alpha in a low-yield environment and pursuing multi-asset, multi-currency strategies.
F3 now enables unprecedented front office productivity, faster and more efficient integration and enhanced analytics coverage. Using the new streamlined workflow, the front office can now trade new instruments and asset classes quickly and confidently – delivering unprecedented productivity, expanded investment opportunities, cost savings and rapid return on investment.
FINCAD’s F3 continues to make integration between
- 28/01/2016
Franklin Square Capital Partners, a manager of business development companies (BDCs), has unveiled an new structure for non-traded alternative investments that reduces fees and seeks to align the interests of investors, advisors, regulators and sponsors.
The firm recently announced that FS Investment Corporation IV (FSIC IV), an income-focused non-traded business development company (BDC), commenced operations with an industry-leading commission structure that responds to FINRA Regulatory Notice 15-02 (15-02).
The amendments to NASD Rule 2340 presented in 15-02, which take effect on April 11, were designed to, among other things, enhance the disclosure of sales charges on investor account statements.
- 28/01/2016
- 28/01/2016
A new study from The Chicago Board Options Exchange (CBOE) examines the monthly CBOE S&P 500 PutWrite Index and the CBOE S&P 500 One-Week PutWrite Index, comparing their performance with that of traditional benchmark stock and bond indexes.
This is the first comprehensive study that examines the performance of a benchmark strategy index that incorporates Weeklys options.
Written by Oleg Bondarenko (pictured), professor of finance at the University of Illinois at Chicago, and sponsored by CBOE, the study – “An Analysis of Index Option Writing with Monthly and Weekly Rollover” – analyses the performance of the two PutWrite Indexes
- 28/01/2016
Intercontinental Exchange has made three senior management promotions – Ben Jackson, President and COO of ICE Futures U.S., has been named ICE’s Chief Commercial Officer, Lynn Martin, President and COO of ICE Data Services, now has added responsibility for Interactive Data, and Trabue Bland, ICE Vice President of Regulation, has been named President of ICE Futures US.
The promotions are all effective as of Monday, 1 February, 2016, with the trio all reporting directly to ICE Chairman and CEO Jeffrey C Sprecher (pictured).
Jackson’s newly created role includes responsibility for leading the integration planning and execution of ICE’s acquisitions
- 27/01/2016
Voce Capital Management has added two industry veterans to its executive team with both Mark Shamia joined as Chief Operating Officer and Chief Financial Officer, and Nicholas Heldfond joining as Head of Business Development and Investor Relations.
Shamia is a veteran of the asset management industry and brings over 20 years of experience in similar roles with other alternative investment managers. He will focus on establishing a best-in-class, institutional infrastructure and will oversee the non-investment side of the business.
Heldfond meanwhile, brings over 15 years of marketing and investor relations experience in the asset management industry. Heldfond will initiate
- 27/01/2016
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