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RISK-MANAGEMENT TECHNOLOGY Barra acquires all outstanding shares of Financial Engineering Associates in a $21.25 million cash deal; Pacific Coast Bankers' Bank launches a risk-rating system to help financial institutions; GNI Fund Management selects SunGard Trading and Risk Systems' Panorama for portfolio management.
USA Patriot Act, Take Two: Compliance Systems for Section 326 Over the past year, America's financial institutions have been participating in the waves of sectional implementation of the USA Patriot Act.
What about Us? FMC Claims to be a Viable Omgeo Alternative With the death of GSTPA, some see Omgeo as the clear winner in central matching, but Canada's FMC says it also plans to be a formidable player in that post-trade space.
RISK-MANAGEMENT TECHNOLOGY Merrill Lynch signs on to implement IMlogic's IM Manager software for the management and archiving of instant messaging across the firm; The Risk Management Association and Automated Financial Systems to provide independent, external benchmarking for commercial lending risk exposure; Information Builders partners with Knowco to launch an anti-money laundering solution for the financial-services industry.
Intruder Alert The threat of cyber-terrorism has firms spending precious dollars on anti-virus and intrusion-detection software.
To Message or Not to Message That is the question for many firms because of complicated tracking and storage concerns surrounding the growing trend.
Not Quite Right According to the SIA and BMA, a recently released white paper on business-continuity planning should go back to the drawing board.
Outsourcing Action Plan Though firms need to start laying down Basel II groundwork in 2003, many questions still need to be answered.
MARKET DATA Societe General purchases a system from Asset Control for the management of instrument reference and market data supporting its capital markets operations; Lipper acquires the operations of Capital Access International; S&P's CUSIP Service Bureau provides users with a link for up-to-date valid CUSIP numbers for mutual funds and money funds.
RISK-MANAGEMENT TECHNOLOGY Algorithmics and Bloomberg launch Algo Data Loaders for Bloomberg Data for Algo Suite customers; AXA Investment Managers license Sophis' Value Front and Middle office fund and risk management solution in its Structured Asset Management division; Synergy Asset Management licenses COR Risk Solutions' BITA Research and BITA Risk Modeler.