Hong Kong, China (PRWEB) June 16, 2013
SNL Financial, North America and Europe’s leading provider of sector-focused financial data, news and analytics for 26 years, today officially unveiled its Asia-Pacific banking product. This industry game-changer is an extension of SNL’s unparalleled business intelligence platform, which provides the most comprehensive coverage of the banking, insurance and financial services industries throughout North America, Europe and now Asia-Pacific through web- and Excel- based platforms. More than 2 years in development and with more than 70 global and regional partners including leading investment banks, asset managers, regulatory agencies, law firms and independent research and consulting firms, SNL’s Asia-Pacific product offers immediate access to accurate data and powerful analytical tools as a substitute for costly manual data entry.
“SNL Financial provides reliable data and in a timely manner-- something which is new to the Asian market,” commented Daniel Tabbush, Managing Director, Fifth Element Research, and Bank Research Consultant, Forensic Asia. “From what I have seen, nothing else is as complete or as reliable as SNL. Now, I can simply use the SNL website for keeping abreast of all financial news, as well as for bank financial statement data, analytics and even updates from banks’ investor relations departments. It is my ‘must have’ financial tool.”
SNL offers unparalleled depth on the banking sector, including a 500-plus item Asia-Pacific bank template and a 600-plus item Japan bank template, each capturing full balance sheets by nature and classification; detailed income statement presentation; asset quality metrics; components of regulatory capital; and more. SNL gathers data from multiple sources; standardizes it for easy, at-a-glance peer comparison; scrubs it for accuracy; and publishes it faster than any other provider.
SNL’s unwavering commitment to precision is demonstrated by the company’s exclusive $50 USD accuracy guarantee, and in most cases, the information links back to the original source documentation for easy data verification. In addition, SNL’s product provides comprehensive daily industry news, M&A transactions and capital offerings, as well as access to SNL’s database of more than 250,000 branches with push-button mapping of individual institutions and their respective offices. This new resource makes following M&A transactions, mapping deal scenarios and analyzing synergies as simple as the push of a button.
"During our years of research and development of the product, we were fortunate to be assisted by hundreds of banking experts throughout Asia-Pacific who helped us understand in detail the different accounting and reporting intricacies by country," commented Clement Ma, Director of Asia-Pacific Financial Institutions at SNL. "With their assistance, we've built a product to easily compare banks in India or China to banks in Japan, Indonesia and Australia -- to enable a depth and ease of analysis for the Asia-Pacific region not previously possible. This is all supported by our guaranteed accuracy for which we're so well-known in the U.S. and Europe."
SNL’s Asia-Pacific launch also includes the introduction of regulatory country profiles, jointly coordinated with Sullivan & Cromwell and in collaboration with 13 law firms across Asia-Pacific providing leading country-level expertise. The regulatory profiles include highlights on regulatory organizations, takeover rules, ownership limitations, capital requirements, and other rules and guidelines applicable to the banking and insurance sectors.
“Sullivan & Cromwell is delighted to have an opportunity to work with SNL on this timely and innovative project,” said Robert Chu, Partner at Sullivan & Cromwell. “In light of the profound regulatory changes impacting financial institutions worldwide, as well as the particular dynamism in the financial services industry across the Asia-Pacific region, I can’t think of a more worthwhile exercise that takes full advantage of the special expertise of SNL and S&C in the banking and insurance sectors”.
For more details on SNL’s Asia-Pacific Financials product launch please click here; email SNLinfo(at)snl(dot)com, or call +852 5808 1882 (HK), +44 20 7398 0873 (UK) or +1 866 296 3743 (US).
About SNL Financial
SNL Financial is a leading provider of financial information on more than 3,300 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Media & Communications and Metals & Mining. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit http://www.snl.com.
About Sullivan & Cromwell
Sullivan & Cromwell is a global law firm that advises on major domestic and cross-border M&A, finance and corporate transactions, significant litigation and corporate investigations, and complex regulatory, tax and estate planning matters. The Firm's hallmarks are the highest quality independent advice and intense dedication to solving client problems. Founded in 1879, S&C has more than 800 lawyers serving clients around the world through a network of 12 offices, located in leading financial centers in Asia, Australia, Europe and the United States. For more information, visit http://www.sullcrom.com.