Global conference will feature an industry-driven technology standard that will improve accuracy, quality and transparency of information in business reporting applications in the securities markets, as well as government performance reporting.
Highlights about the conference:
-- Christopher Cox, Chairman, US Securities and Exchange Commission
outlining his views on the markets and how XML-based data can factor
in
-- Bill Lutz, Chairman, US Securities and Exchange Commission 21st
Century Disclosure Initiative, on how information is collected and
distributed and its impact on the market
-- Other keynotes to include: Ira Millstein, Partner, Weil, Gotshal &
Manges LLP, Senior Associate Dean for Corporate Governance, Yale SOM
on governance issues, Liping Song, CEO, Shenzhen Stock Exchange and
Kazuhiko Hanaoka, Corporate Vice President, Fujitsu
-- Government-focused speakers including Steven O. App, Deputy Director
and CFO, FDIC as well as Kim Wallin, State Controller of Nevada
-- Symposia on investor communication and on governance, risk and
compliance
-- Sessions on the international banking industry and credit markets and
what XBRL can do to help manage risk. User-specific sessions for
preparers, technologists, consumers and regulators.
When: October 15-16, 2008
Where: Ronald Reagan Building & International Trade Center
Washington, DC
Thursday, 25 September 2008
Sunday, 7 September 2008
Trillium and Governance
What/Who:
Trillium Software, a business of Harte-Hanks (NYSE: HHS) and a leading enabler of Total Data Quality solutions, is sponsoring The Data Warehousing Institute's (TDWI Research) upcoming Web seminar titled "Governance, Metadata & Compliance," featuring consultant Robert Abate who is speaking on behalf of TDWI.
Date:
Wednesday, September 10, 2008 at 12:00 p.m. EDT / 9:00 a.m. PDT / 17hr00 UK
Why:
Governance, metadata and compliance are all words that are highly used today, but what do they mean? This expert will take attendees through an in-depth look into Governance Models, best-practices metadata usage and compliance support and how to establish a rules-based approach. We will examine artifacts including those developed using the new model-driven development paradigm and toolsets.
Please join consultant Robert Abate as he presents and outlines the firm's latest research on the critical requirements and important benefits of data governance and compliance.
The Webinar will discuss:
-- Definitions of governance and compliance terms;
-- Governance and stewardship requirements and needs;
-- The value of metadata for overarching compliance goals;
-- Best practices and case study examples.
Registration: Pre-registration is now open and required for participation (copy and paste this link in a Web browser):
http://w.on24.com/r.htm?e=108791&s=1&k=6AA967A108930EFEEE6D871BA87EE407&partnerref=trillium
Trillium Software, a business of Harte-Hanks (NYSE: HHS) and a leading enabler of Total Data Quality solutions, is sponsoring The Data Warehousing Institute's (TDWI Research) upcoming Web seminar titled "Governance, Metadata & Compliance," featuring consultant Robert Abate who is speaking on behalf of TDWI.
Date:
Wednesday, September 10, 2008 at 12:00 p.m. EDT / 9:00 a.m. PDT / 17hr00 UK
Why:
Governance, metadata and compliance are all words that are highly used today, but what do they mean? This expert will take attendees through an in-depth look into Governance Models, best-practices metadata usage and compliance support and how to establish a rules-based approach. We will examine artifacts including those developed using the new model-driven development paradigm and toolsets.
Please join consultant Robert Abate as he presents and outlines the firm's latest research on the critical requirements and important benefits of data governance and compliance.
The Webinar will discuss:
-- Definitions of governance and compliance terms;
-- Governance and stewardship requirements and needs;
-- The value of metadata for overarching compliance goals;
-- Best practices and case study examples.
Registration: Pre-registration is now open and required for participation (copy and paste this link in a Web browser):
http://w.on24.com/r.htm?e=108791&s=1&k=6AA967A108930EFEEE6D871BA87EE407&partnerref=trillium
Xceedium
Xceedium is a vendor of entitlement management solutions that reduce the complexity and cost of controlling high-risk users. Employing unique and patent-pending technologies, the Xceedium GateKeeper(TM) line of hardened appliances enables companies to actively manage high-risk users by automating compliance reporting, managing outsourcing risk, providing secure and efficient access to remote infrastructure and controlling vendor access.
Xceedium solutions have gained wide acceptance in both the private and public sector, due largely to leading technologies specifically developed to address increased outsourcing and strict compliance regulations. Xceedium GateKeeper is deployed in the largest enterprise and government IT environments, as well as in branch offices, SMBs, departments and managed service providers. An ever-expanding client base includes household names in financial services, retail, healthcare, managed IT services and other key verticals, as well as strong representation across a wide spectrum of U.S. government and military IT facilities.
Xceedium solutions have gained wide acceptance in both the private and public sector, due largely to leading technologies specifically developed to address increased outsourcing and strict compliance regulations. Xceedium GateKeeper is deployed in the largest enterprise and government IT environments, as well as in branch offices, SMBs, departments and managed service providers. An ever-expanding client base includes household names in financial services, retail, healthcare, managed IT services and other key verticals, as well as strong representation across a wide spectrum of U.S. government and military IT facilities.
Saturday, 6 September 2008
Cell Therapeutics NASDAQ Listing
Cell Therapeutics, Inc. (CTI) (Nasdaq: CTICD; and MTA: CTIC) announced that today, the Company received a letter from the Listing Qualifications Staff of The NASDAQ Stock Market LLC indicating that the Company is not in compliance with the $50,000,000 minimum market value of listed securities requirement set forth in NASDAQ Marketplace Rule 4450(b)(1)(A). Furthermore, the Company does not comply with NASDAQ Marketplace Rule 4450(b)(1)(B), which is an alternative to Rule 4450(b)(1)(A), and requires total assets and revenue of $50,000,000 each for the most recently completed fiscal year or two of the last three most recently completed fiscal years.
If the Company does not regain compliance by October 6, 2008, the Staff will notify the Company that its securities will be delisted. However, the Company may appeal the Staff's determination to delist its securities to a Listing Qualifications Panel. Alternatively, in the event the Company does not believe that it will be able to regain compliance, the Company intends to apply to transfer its securities to the NASDAQ Capital Market, which would continue to allow trading in the Company's securities.
If the Company does not regain compliance by October 6, 2008, the Staff will notify the Company that its securities will be delisted. However, the Company may appeal the Staff's determination to delist its securities to a Listing Qualifications Panel. Alternatively, in the event the Company does not believe that it will be able to regain compliance, the Company intends to apply to transfer its securities to the NASDAQ Capital Market, which would continue to allow trading in the Company's securities.
Tuesday, 2 September 2008
iHub Launches FSA Compliant Call Recording
iHub, the hosted Business communications provider, today announces the launch of its Financial Services Authority (FSA) compliant call recording solution: iHub Call Recording. The FSA have published guidelines that state by March 2009 all firms involved in the financial services must, by law, have implemented a robust platform that records telephone conversations. iHub’s Call Recording is ideally positioned for SMBs, giving resellers the opportunity to offer a cost effective, resilient, tamper-proof solution. iHub Call Recording can be integrated into existing telephone solutions as a stand alone service or be taken as an add-on to iHub’s hosted IP communication services.
The FSA produce guidelines for regulated UK companies, and from March 2009, all financial services companies will have to comply with legislation that stipulates companies must keep detailed tamper-proof records of all their telephone conversations relating to client orders and transactions in the equities, derivatives and bond markets and have the facility to retain the files for six months. The iHub call recording solution can be tailored to meet the individual needs of SMBs and can be programmed to offer total, selective or transaction based recording. As the functions are hosted, SMBs can take advantage of a solution worthy of an enterprise; with carrier-grade resilience and advanced functionality.
Mike Webb, CEO of iHub, said: “By implementing an iHub Call Recording function, firms are not only complying with the FSA, they are protecting themselves against financial advice given over the phone and potential market abuse cases. Services such as these have traditionally been led by large financial institutions; however iHub’s hosted solution enables companies of any size to be immediately compliant, without the need for excessive capital expenditure.”
The iHub Call Recording platform has comprehensive search capabilities to quickly locate individual calls. The replay features include a spectrum of multimedia functions and verification of call authenticity and identification if the recording has been tampered with.
Mike Webb, CEO, iHub, continues: “With the FSA deadline of March 2009 looming, companies operating in the financial services industry are currently looking at what call recording solutions are available on the market. In the current climate many of these companies will not want to go to the expense of an in-house call recording function. iHub’s hosted call recording platform will be the cost effective solution of choice to ensure compliance with FSA legislation.
The FSA produce guidelines for regulated UK companies, and from March 2009, all financial services companies will have to comply with legislation that stipulates companies must keep detailed tamper-proof records of all their telephone conversations relating to client orders and transactions in the equities, derivatives and bond markets and have the facility to retain the files for six months. The iHub call recording solution can be tailored to meet the individual needs of SMBs and can be programmed to offer total, selective or transaction based recording. As the functions are hosted, SMBs can take advantage of a solution worthy of an enterprise; with carrier-grade resilience and advanced functionality.
Mike Webb, CEO of iHub, said: “By implementing an iHub Call Recording function, firms are not only complying with the FSA, they are protecting themselves against financial advice given over the phone and potential market abuse cases. Services such as these have traditionally been led by large financial institutions; however iHub’s hosted solution enables companies of any size to be immediately compliant, without the need for excessive capital expenditure.”
The iHub Call Recording platform has comprehensive search capabilities to quickly locate individual calls. The replay features include a spectrum of multimedia functions and verification of call authenticity and identification if the recording has been tampered with.
Mike Webb, CEO, iHub, continues: “With the FSA deadline of March 2009 looming, companies operating in the financial services industry are currently looking at what call recording solutions are available on the market. In the current climate many of these companies will not want to go to the expense of an in-house call recording function. iHub’s hosted call recording platform will be the cost effective solution of choice to ensure compliance with FSA legislation.
Labels:
FSA,
FSA compliance,
hosting,
iHub,
iHub Call Recording,
SMBs
Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has been a provider of daily default probabilities and default correlations for listed companies since November 2002. Kamakura announced the KRIS Sovereign Default Probability Service on May 19, 2008. Kamakura launched its collateralized debt obligation (CDO) pricing service KRIS-CDO in April 2007. Kamakura is also the first company in the world to develop and install a fully integrated enterprise risk management system that analyzes credit risk, market risk, asset and liability management, transfer pricing, and capital allocation. Kamakura has served more than 185 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 27 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, Eastern Europe, the Middle East, Africa, Australia, Japan, China, Korea and many other countries in Asia.
Kamakura Troubled Company Index Shows Further Decline
Kamakura Corporation reported Tuesday that its monthly index of troubled public companies indicated still another steep decline in global corporate credit quality in August. The Kamakura index has now shown declines in credit quality in 12 of the last 13 months. Kamakura's index revealed that troubled companies in August make up 14.8% of the global public company universe, up significantly from 13.9% in July. The 14.8% value for the Kamakura index is the highest since June 2003. At the August level, the index shows that credit conditions are better than only 34.4% of the monthly periods since the start of the index in January 1990. The all-time high in the index was 28.0%, reached in September 2001, and the all-time low was 5.4%, recorded in April and May 2006. Kamakura defines a troubled company as a company whose short term default probability is in excess of 1%. The index covers more than 20,000 public companies in 30 countries using the fourth generation version of Kamakura's advanced credit models.
Governance Outlook Conference
The second annual Governance Outlook event to be held Sept. 9 by the Forum for Corporate Directors (FCD) will provide Southern California corporate executives and board members with a high level examination of what public company boards can expect to encounter in next spring's 2009 proxy season.
In addition, this year's event will feature a new FCD publication, "Benchmarking Corporate Governance Practices in Orange County, 2008," which provides an extensive professional analysis of proxy data from 56 public companies in Orange County for the most recent filing season.
The highlight of this year's Governance Outlook will be an expert panel discussion on what public companies will likely have to deal with when preparing 2009 proxy statements. The panel will be moderated by Richard Koppes, of counsel at Jones Day in San Francisco and former deputy executive officer and general counsel of the California Public Employees' Retirement System (CalPERS). He will be joined by Eric Baggesen, CalPERS senior investment officer, and Christopher Ailman, chief investment officer of CalSTRS, the California State Teachers Retirement System.
In addition, this year's event will feature a new FCD publication, "Benchmarking Corporate Governance Practices in Orange County, 2008," which provides an extensive professional analysis of proxy data from 56 public companies in Orange County for the most recent filing season.
The highlight of this year's Governance Outlook will be an expert panel discussion on what public companies will likely have to deal with when preparing 2009 proxy statements. The panel will be moderated by Richard Koppes, of counsel at Jones Day in San Francisco and former deputy executive officer and general counsel of the California Public Employees' Retirement System (CalPERS). He will be joined by Eric Baggesen, CalPERS senior investment officer, and Christopher Ailman, chief investment officer of CalSTRS, the California State Teachers Retirement System.
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