A-Team Insight Author: A-Team
DSB Publishes Final Report on a Fee Model for the UPI
The Derivatives Service Bureau (DSB) has published its final report on a fee model for the Unique Product Identifier (UPI) that will come into play in July 2022. The report – Principles Underlying the Fee Model for the Unique Product Identifier (UPI) Service – is based on two consultation papers and considers both the UPI...
AutoRek Urges Industry to Prepare for Jan 1 IFPR Start
Automated reconciliations provider AutoRek has warned firms to start preparing their systems for the complex calculations and processes they will need to undertake to be compliant with the UK’s incoming Investment Firms Prudential Regime (IFPR), which go live on January 1 – now less than 100 days away. IFPR is being introduced by the Financial...
UK FCA Targets up to £4 billion of Reporting Costs via Transforming Data Collection Initiative
The Financial Conduct Authority’s involvement in the Bank of England’s Transforming Data Collection Initiative is aimed at reducing industry reporting costs of as much as £4 billion, according to FCA CEO Nikhil Rathi. The initiative – launched in February – aims to deliver improvements in data collection over the next decade. Speaking last week at...
ANNA Service Bureau Migrates to Cloud as Part of Enhancement and Modernisation Programme
The Association of National Numbering Agencies (ANNA) has improved and modernised the ANNA Service Bureau (ASB). Key changes include the migration of the platform to a cloud-based infrastructure, a new user interface with an integrated data quality dashboard, a data challenge ticketing system, and enhanced search and download capabilities. Additional data elements related to the...
Manco.Paris Partners with Jump Technology to Offer Managed Front-to-Back Platform for Investment Managers
Manco.Paris, a regulated French Management Company (ManCo) has partnered with Paris-based software vendor Jump Technology, to provide institutional investors with real-time access to their portfolios. The capability – based on Jump Technology’s web-based front-to-back solution – will be offered as part of Manco.Paris’s full range of services, including UCITS or AIFM fund hosting, operational management,...
Northern Trust Invests in Essentia Analytics to Optimise Decision Support with Behavioural Science Capabilities
Northern Trust has taken a minority equity stake in behavioural data analytics vendor Essentia Analytics. The deal means that Essentia Analytics’ cloud-based solution, which brings together historical data and behavioural science to identify and address biases that impact investment performance, will be offered through the Northern Trust Whole Office platform, which facilitates client access to...
Lack of Reporting Holds Back Efficient Data Services, Campaign Says
ESG data providers are being prevented from fully servicing the needs of their investor customers by a lack of sustainability information being freely given by companies, according to a campaigning economist. Eoin Fahy, Head of Responsible Investing and Chief Economist at KBI Global Investors is among 11 signatories of a letter sent to UK minister...
Arabesque Releases AI Powered Asset Management Solution AutoCIO
Arabesque has released AutoCIO, an AI powered asset management solution that can generate and operate millions of customised and sustainable active equity investment strategies. Developed by Arabesque AI, part of the Arabesque Group that also includes Arabesque Asset Management, the solution enables asset managers and investment professionals to configure and build customised active strategies that...
ICE Benchmark Administration Adds ICE Risk Free Rate Indexes for US Dollar, Euro and Japanese Yen
ICE Benchmark Administration has introduced ICE Risk Free Rate (RFR) Indexes in US Dollar (SOFR), Euro (€STR) and Japanese Yen (TONA). The indexes will be used to replace LIBOR rates and include ICE SONIA Indexes for GBP Sterling that the company released in April 2021. “Expanding the ICE Indexes to cover GBP, USD, EUR and...
Data an Obstacle to Banks’ ESG Reporting, Says Acin
Banks and asset managers are failing to deal with climate risks adequately, according to a survey whose authors said a lack of “true, fair, accurate, honest and comprehensive” data was partly responsible. Risk and control data standards provider Acin said only 19 per cent of 63 global organisations surveyed on their preparedness to meet climate-related...