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Brazil launches fresh currency controls
January 6, 2011--The Brazilian real fell sharply after the country launched a fresh attempt to rein in gains in its currency by imposing reserve requirements on domestic banks’ foreign exchange positions.
Brazil’s central bank said it would act to discourage short positions in US dollars against the real in a bid to curb speculative trading, which has pushed up the value of its currency in recent months.
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Source: FT.com
SEI Expands Middle-office Services with Enhanced Pricing and Valuation Capabilities
Independent Validation Meets Demand for Increased Accuracy and Transparency
January 6, 2011--
SEI today announced that it has extended its array of middle-office services by enhancing its asset pricing and valuation validation solution for investment managers. The solution, which leverages the independent valuation and pricing models of industry-leading third-party pricing providers, is designed to provide managers with more accurate and independent pricing verification.
The solution is the latest in a series of developments by SEI to help managers address the challenges they are facing in valuing their investments due to rapid changes in liquidity and volatility in global securities markets, while meeting the growing investor demands for conflict-free transparency in a climate of increasing global regulatory and investor scrutiny.
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Source: SEI Investments Company
