The securities master database ADP Brokerage Services maintains and provides to users of its bureau based Global Processing Solution now contains more than 8 million securities. While 14 GPS clients take advantage of the service ADP also provides it to two non-GPS clients, and has recently secured a contract for its provision to a non-bureau ADP customer. The vendor intends to pursue opportunities to provide the service to other non-bureau clients going forward.
The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...
By Marion Leslie, Head of Financial Information, Executive Board Member, SIX. For as long as anyone in the industry can remember, sanctions in financial instruments representing holdings in sanctioned legal entities have been treated as a very specialist concern. They sat with compliance teams and were largely invisible to day-to-day market activity. The issue is...
Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.
As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...
