|By Business Wire||
|January 18, 2013 06:01 AM EST||
Municipal Market Advisors (MMA), the leading independent municipal research firm since 1995, and Lumesis, a financial services technology company focused on the fixed income municipal marketplace, have put together a Frequently Asked Questions (FAQ) document to help banks better understand the regulatory guidance’s impact on municipal bond portfolios.
This summer, regulators released rules and guidance related to the Dodd-Frank Wall Street Reform and Consumer Protection Act that impact how banks select and monitor investment securities —including municipal bonds. “In the wake of the virtual disappearance of municipal-leveraged proprietary accounts, banking institutions became key lenders to states and municipalities in need of capital for infrastructure projects,” said Thomas G. Doe, founder and CEO of MMA. “The growth of bank participation in the municipal market has coincided with regulation, which became effective January 1, 2013. Banks are challenged to implement processes that facilitate their ability to communicate municipal portfolio credit risk in a cost effective yet thorough manner.”
“MMA and Lumesis each offer value-added aspects of an overall solution to help banks address their new regulatory responsibilities,” said Gregg Bienstock, co-founder and CEO at Lumesis. “As banks prepare for their 2013 examination cycles, institutions are looking for cost-effective and comprehensive ways to prepare for discussions regarding their municipal portfolios. MMA and Lumesis recognized that innovative solutions were needed to address not only the banks’ needs but also their constrained budgets. We have leveraged our knowledge and technological expertise to help banks in a way that makes economic sense.”
MMA’s Portfolio Credit Benchmark (PCB) solution addresses the need to review one’s municipal portfolio. MMA has developed a highly effective, risk management solution that empowers a bank to articulate its municipal portfolio credit risk to the regulatory examiner. PCB is powered by MMA’s real-time dataset of municipal bond default trends and supported by the leading credit team in the municipal industry. MMA’s Default Trends publication enables banks to follow troubled credits in the market and therefore be alerted each week should a bank’s holding present a meaningful risk. A municipal issue which MMA enters into its database has a much higher likelihood of migrating to a condition of severe impairment.
DIVER’s Advisor Municipal Bond Report (Ambr) supports pre-purchase analysis of municipal securities. Ambr is a CUSIP-based report that aggregates critical and timely information about every municipal bond and delivers sector-based demographic and economic data, ratings, default events, and trade history and location-based news links that can be accessed at or prior to a trade and any time thereafter. DIVER’s CDM Service delivers material event notifications for all positions within portfolios within minutes of their being filed with the MSRB allowing for the efficient tracking of material events of all bonds in the bank’s portfolio throughout the year. DIVER Analytics is a suite of powerful analytical and visualization tools serving Credit Analysts, Portfolio Managers and Risk Managers that generates detailed credit analysis by geography or CUSIP for your holdings. The DIVER suite of products leverages a database of over 225 datasets from more than 40 sources.
About Municipal Market Advisors (MMA)
Municipal Market Advisors (MMA) is an independent research firm that was founded in 1995 and is based in Concord, Massachusetts. MMA’s core business is to provide strategic analysis and commentary on historical and quantitative conditions of the U.S. municipal market. In 2012, MMA introduced its newest service, an enterprise risk solution for bank portfolios to meet their regulatory needs pertaining to municipal bonds. MMA also provides in-depth analysis of critical issues confronting the municipal industry. MMA has played a prominent role in the media to inform the general public regarding issues in the industry as well as in Washington DC, interacting as an educational resource and consultant to lawmakers, lobbyists, regulators and think tanks. For additional information, please visit www.mma-research.com.
About Lumesis, Inc.
Lumesis is a Software-as-a-Service (SaaS), cloud-based financial technology company dedicated to delivering simple to use, powerful technology for the fixed income municipal marketplace. Lumesis’ DIVER platform, which includes DIVER Analytics, DIVER Advisor and DIVER Ambr, offers comprehensive data on more than 54,000 issuers within the municipal fixed income market. Through sophisticated analytical tools, real-time alerts, proprietary visualization technology and content-rich reporting, DIVER solutions allow professionals across the municipal market to easily identify portfolio risks and opportunities, improve customer satisfaction, ensure compliance and enable growth. Providing access to more than 225 datasets from more than 40 sources, DIVER solutions leverage the most current economic and demographic data available from both public and private sources. To learn more about Lumesis, please visit www.lumesis.com.
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Sep. 29, 2016 04:00 AM EDT Reads: 1,802
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 29, 2016 04:00 AM EDT Reads: 1,204
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 29, 2016 03:30 AM EDT Reads: 3,027
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 29, 2016 03:30 AM EDT Reads: 1,374
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Sep. 29, 2016 03:15 AM EDT Reads: 1,905
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Sep. 29, 2016 03:15 AM EDT Reads: 3,571
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 29, 2016 03:00 AM EDT Reads: 1,861
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 29, 2016 02:45 AM EDT Reads: 1,717
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Sep. 29, 2016 02:30 AM EDT Reads: 515
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 29, 2016 02:30 AM EDT Reads: 2,174
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
Sep. 29, 2016 02:00 AM EDT Reads: 1,590
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Sep. 29, 2016 01:45 AM EDT Reads: 2,057
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 29, 2016 01:00 AM EDT Reads: 2,306
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 28, 2016 11:30 PM EDT Reads: 3,971
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Sep. 28, 2016 09:15 PM EDT Reads: 376
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Sep. 28, 2016 08:15 PM EDT Reads: 359
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 28, 2016 07:00 PM EDT Reads: 1,631
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 28, 2016 06:45 PM EDT Reads: 4,156
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Sep. 28, 2016 06:30 PM EDT Reads: 3,133
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Sep. 28, 2016 06:15 PM EDT Reads: 321