Welcome to the Global Pricing Forum 2010 live stream, we will be posting live updeates from the NYC event here, throughout the course of tomorrow, if you would like to follow us on twitter @gpfonline is our profile, please feel free to leave comments and join in with us at the event
at the Hotel Pierre, setting up the studio ready for today's interviews first is Will Hickson, head of enterprise content at Thomson Reuters
Lots of buzz here at the event as we begin to expect our first attendees
If you are following the event here or are at the event itself our hash tag for the day is #GPFNYC10
Currently interviewing head of US high yield and loan pricing, Todd Reynolds, #GPFNYC10
first interviews recorded, delegates beginning to arrive, everything starting in ernest soon! #GPFNYC10
now sitting down to interview kristin swenton, business development director at Thomson Reuters, #GPFNYC10
sat down with Kristin Swenton, business development director, Thomson Reuters, the day is soon to start, lots of people arriving #GPFNYC10
Jon Robson just spoken on how 'we are on the new frontier of market intelligence' #GPFNYC10
Former Secretary of homeland security, Michael Chertoff is now talking cyber crime scenarios, #GPFNYC10
Michael Chertoff, "cyber crime effects trust in the internet as a commercial platform which can be detrimental to its use"
Michael Chertoff, "cyber crime needs to be tackled and tackled with government progress and private sector investment"
Currently sat down interviewing Michael Chertoff about cyber crime and key issues, video to come soon
Remember, you can join #GPFNYC10 debate live here
bit.lyWe have sat down with Marina Lewin, of BNY Mellon and are now with Susan Malloy, of Putnam investments filming and interviewing
Panel discussion 1 on investment strategies in todays capital markets currently underway, lots of speculation on where the market is heading
Jayme Fagas, Panel discussion 1 - "Investors, all market players, want to understand more about securities and how they're priced"
first e-poll of the day coming up for panel discussion 1, all results will be collated and placed on GPF over the coming days #GPFNYC10
Panel 1 discussion over, lots of interesting debate on capital markets, now a break before Panel 2 on best practices in pricing operations
Discussion panel 2 - best practices in pricing operations introductions happening now, discussion getting underway #GPFNYC10
Marina Lewin - BNY Melon - "what we've seen coming out of this crisis, is clear definition of documentation, from the beginning of a fund"
Eric Reichenberg - GlobeOp - "the key is trying to create processes that are efficient in revealing true price discrepancies"
Marina Lewin - BNY Mellon - "evaluator price, broker mark and vendor price, a combination is critical for valuing a portfolio"
Q1 - should there be more industry strandardistation over how price differences from different broker / vendor sources should be handled?
The room here says - yes - 76% no - 24% - the rest of the questions will be on the gpf blog soon #GPFNYC10
Panel 3 - Drivers in technology and analytics development - transparency, quality and timeliness is starting straight away
Seth Silverstein - "We had a perfect storm, the models didn't cover all the scenarios that could have happened, and then happened"
Russ Parentela - BNY Mellon: "analytics should be front line, the best traders are the guys that did the modelling and analytics themselves"
first e-poll question: what is driving your firm to implement systems for transparency?
the results: 1. regulation - 39% - 2. risk management - 58% - 3. duplication - 1% - 4. cost saving - 2% - panel 3 now ending for lunch
panel 4 - globalisation and national security convenes soon, as do the product discussions, we'll be tweeting about panel 4, #GPFNYC10
sitting down for panel discussion 5 now - global pricing security issues, more tweets to come
Kfir Ben-Zvi - Pimco: "pricing vendor relationships need to be perceived as partnerships"
Mark Soussan - Northern Trust - "custodian banks have to have a clear set of guidelines when they make decisions on a day to day basis"
e-poll questions coming now - should your organisation consider having a chief valuations officer?
1. yes - 65% - 2. no - 18% 3. possibly - 18% - more to come on the GPF blog in the coming days, as we move into panel 6
Panel 6 - Accounting standards; a year of change is beginning now, tweets to come
J Douglas Summa - PWC - "part of what our responsibility is, is trying to make sure things are measured in a systematic and consistent way"
Raj Gadkari - Thomson Reuters - "capturing market movement is important by asset type"
Panel 6 has just finished and we're straight into panel 7: Governance and regulatory reform
Poll to open - what do you believe will be the timing for congress to pass major legislation rehashing the financial regulatory landscape?
audience members votes out of four options, the winner with 44% of the vote was - before the end of 2011
Second e-poll - do you believe that centralised counter party clearing will truly reduce the risk of the CDS market?
The audience saying - 1. yes 56% - 2. no 46%
Randy Snook - Executive VP, SIFMA "I think that answer is somewhat telling, it is a component, but not the only thing that is important"
the panel is wrapped up with the question: If you could tell Washington to do one thing, what would it be? Let us know
We just had President Bill Clinton of the William J. Clinton Foundation speaking about the challenges of global interdependence; and how the Foundation achieves that. Very, very insightful.
Thank you for following us today, all panels are finished now, and we've wrapped up with today's Global Pricing Forum event in New York. Please be sure to head to www.valuationrisk.net videos from today, the backstage interviews and all the insider information over the coming few days. Sign up to the platform for further downloads, and access to our forums. Thank you again.
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