10:14 AM
Risk Management Briefs
CMS BondEdge, a provider of fixed-income analytics, will make a quantitative rating system available from Audit Integrity, LLC, through the BondEdge system, that helps investors evaluate a firm's financial accounting and governance practices. Using a statistical method, Audit Integrity processes publicly available corporate-documents such as SEC filings, litigations, and regulations releases, and then condenses this information not an accounting and governance ranking score (AGR).
Random Walk Computing, Inc. has selected Volante Designer from Volante Technologies in a combined services and software offering to help financial firms migrate from SWIFT MT100 to MT 103 message format in time for the upcoming November 2003 deadline. The solution provides message recognition and deconstruction, internal routing, integration with back-end applications, and deployment on any infrastructure of the client's choice.
Bisys has launched a service geared to helping hedge funds comply with the anti-money laundering operations established by the USA Patriot Act. The compliance program provides hedge fund managers with the steps necessary to establish identity-verification procedures, more effectively monitor suspicious activity and screen for investors listed on government watch lists. As part of the program, Bisys will provide an anti-money laundering compliance officer for each hedge fund who will be responsible for communicating with the US Treasury Department's Financial Crimes Enforcement Network (FinCen) and the Office of Foreign Asset Control.