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NEW YORK, NY and LONDON, UK / ACCESSWIRE / June 10, 2019 / New research from Luxoft, a global digital strategy and engineering firm, has revealed that Tier-1, Tier-2, and Tier-3 investment banks are overconfident for the European Union's (EU)'s new Securities Financing Transactions Regulation (SFTR), which comes into force next April. Almost all (99 percent) senior compliance professionals responsible for implementing the regulation who responded are confident they will meet the requirements, yet Luxoft's Regulatory Outlook Report shows that this confidence may be misplaced. The report shows 98 percent of Tier-1, Tier-2, and Tier-3 investment banks will be relying on systems and process infrastructure used for past regulations such as EMIR to comply, yet the vast majority – 74 percent – acknowledge that SFTR compliance will require a much more complex IT infrastructure than EMIR or MiFID.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of DXC Technology Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Mapbox names Luxoft a preferred partner for Mapbox services in automotive DETROIT, MI / ACCESSWIRE / June 5, 2019 / Luxoft Holding, Inc. (NYSE: LXFT), a global digital strategy and engineering firm, today ...
TYSONS, VA / ACCESSWIRE / June 11, 2019 / DXC Technology (DXC) today announced that it has received all necessary regulatory approvals to complete its acquisition of Luxoft Holding, Inc, the global digital strategy and engineering firm. DXC had announced a definitive agreement to acquire Luxoft on January 7, 2019. DXC plans to close the transaction on schedule no later than June 30, 2019.
TYSONS, VA / ACCESSWIRE / June 14, 2019 / DXC Technology (DXC) today announced the completion of its acquisition of Luxoft Holding, Inc, the global digital strategy and software engineering firm. DXC had announced a definitive agreement to acquire Luxoft on Jan. 7, 2019, and received final regulatory approval on June 11, 2019. The acquisition builds on DXC's unique value proposition as an end-to-end, mainstream IT and digital services market leader, and strengthens the company's ability to design and deploy transformative digital solutions for clients at scale.
Moody's Investors Service, ("Moody's") affirmed DXC Technology Company's ("DXC") Baa2 senior unsecured rating and changed the outlook to negative from stable. Moody's also affirmed the P-2 short-term rating of DXC Capital Funding Limited's commercial paper program.