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LEXISNEXIS COMPLETES CHOICEPOINT ACQUISTION

Federal Trade Commission (the “FTC”) on notified ChoicePoint Inc. that, subject to the FTC’s Order of September 15, 2008, the FTC has granted termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, with respect to the proposed acquisition of ChoicePoint by Reed Elsevier Group plc (“Reed Elsevier”).  All of the closing conditions as described ... Read More »

CREDIT SCORING AND THE CREDIT CRUNCH

QUOTE OF THE MONTH:   “We have been pretty much using the same tools now for a decade. The techniques that worked in the last business cycle don’t work as well anymore.”   Dennis Santiago, CEO of Institutional Risk Analytics, reportedly saying the Wall Street crisis has exposed some fundamental shortcomings in risk-modeling technologies and analytics   Source:  Asian Banker BIIA Newsletter October ... Read More »

BIIA INDUSTRY DIRECTORY POWERED BY WAND

BIIA and WAND announce the launch of the BIIA Business Information Industry Directory.  The purpose of the BIIA directory is to improve the transparency of the business information content industry and to provide an additional revenue source to be able to support member services and industry advocacy initiatives.  The listing of company name, products and link to websites is free. ... Read More »

GERMANY TIGHTENS ITS DATA PROTECTION LAW – WITH IMPLICATIONS FOR ASIA

Following a number of embarrassing high profile data protection scandals the German data protection commissioner has called for tighter measures to protect sensitive data and to prevent potential misuse.   He presented his case this week to the German Minister of Interior and apparently got his way.   A new bill will be sent to parliament in November containing measures to increase ... Read More »

CREDIT CRISIS DRIVES RISK MANAGEMENT RECONFIGURATION

As the financial crisis spreads and threatens the world economy, the importance of risk management has never been greater. Indeed, given the fact the crisis was not caused by any single type of risk but a mix of market risk, credit risk, operational risk and others, the urgency for banks to move to a holistic risk management approach cannot be ... Read More »