Following the publication of the new agreed template for the global collection of hedge fund data by the International Organisation of Securities Commissions’ (IOSCO) Technical Committee in February (see our coverage 
In a similar vein to the rest of the global regulatory community, the International Monetary Fund (IMF) is examining how it can better monitor the financial markets and the data concerns related to that challenge. In a paper published earlier this week, the IMF indicates how it plans to map the interconnectedness of financial institutions across borders, including filling the gaps in financial sector data and collaborating with key entities involved in financial stability work.
The recent regulatory and market interest in the area of corporate governance could prove to be beneficial for the drive to further automate the proxy voting space, said Naz Sarkar, director of Computershare Investor Services, which provides online shareholder services. By calling for the voting process to be made easier and for more shareholders to get involved, regulators may compel investment in technology to facilitate automation of the proxy voting process, he told delegates to CorpActions 2010.
Just because there are market inefficiencies in the US that require the introduction of XBRL to be solved, doesn’t mean that Europe should follow suit, contended Michael Kempe, chief development officer for Capita Registrars, which looks after issuers in the UK and Irish markets. The European market is much less paper driven than the US market and a degree of automation has already been achieved through the use of ISO standards. XBRL is therefore not appropriate in the European context, argued Kempe.
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
As proved by the plans revealed this week by IOSCO (see here), the regulatory community is cracking down on the hedge fund sector and one of the side effects of these increased transparency requirements is that hedge funds are turning to third party providers to help them tackle the new data challenges. Recent research by custodian Bank of New York Mellon indicates that this is not just a trend within the hedge fund community: the buy side is more prone to use external providers than ever before.
Loading ...
View the full article on Low-Latency.com