Regulatory Oversight Committee of the LEI System Endorses a Further Five pre-Local Operating Units
The Regulatory Oversight Committee (ROC) of the global Legal Entity Identifier system (GLEIS) made headway over the holiday season, endorsing a number of pre-Local Operating Units (LOUs) and listing national business registries that have confirmed there are no impediments to entities and pre-LOUs using their information as part of the reference data attached to each...
Talking Reference Data with Andrew Delaney: AC’s Petti – Our Asset Is Under Control
Richard Petti – who recently took over as CEO of EDM platform provider Asset Control – is bullish about the company’s prospects after a rethink of strategy in the wake of its acquisition by LA-based private equity group Marlin Equity Partners. Some may have written off the stalwart data management supplier following this year’s messy...
Chrinon Sets Up Open LEIs Website Offering Access to Legal Entity Identifier Data
Chrinon, a UK-based company that gathers and provides open access to company data under the OpenCorporates brand, has set up a website called Open LEIs to provide an interface to the Global Legal Entity Identifier System (GLEIS). The company has been involved in the development of the GLEIS since the beginning of 2012, serving on...
Global LEI System is Here to Stay but Needs Further Development
The global Legal Entity Identifier system (GLEIS) has made its mark in the market and is here to stay, despite the continuing absence of a Central Operating Unit (COU) that will run the system, a lack of data standardisation that should be sorted out by the COU and concerns about how well entities will maintain...
Traiana Supports EMIR Reporting with a Management Solution for Unique Trade Identifiers
Traiana has started to onboard customers of its Unique Trade Identifier (UTI) management solution with a view to helping them meet the February 12, 2014 reporting deadline for European Market Infrastructure Regulation, which requires both sides of a trade to report using the same trade identifier. The UTI management service is an extension of Traiana’s...
SuperDerivatives Combines Market Data and Calculation Engine to Deliver Credit Value Adjustment Solution
SuperDerivatives has completed development of a credit value adjustment (CVA) solution for OTC derivatives portfolios and incorporated it into its eValueX valuation service, CorporeX corporate risk and compliance system, and SDX front-office system. Results of CVA calculations can be received by SuperDerivatives’ users as Excel or XML files that can be integrated back into their...
LEI Oversight Committee Endorses Pre-LOUs, but Delays Naming of Board Directors for the LEI Foundation
The Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS) has endorsed the London Stock Exchange (LSE) and Turkey’s Takasbank as pre-Local Operating Units (LOUs), making the LEI codes they issue or have issued acceptable for regulatory reporting in the jurisdictions represented by the ROC. While these endorsements mark progress in development...
ESMA Approves Trade Repositories for EMIR and Sets February Deadline for Derivatives Reporting
The reporting deadline for European Market Infrastructure Regulation (EMIR) has been set for February 12, 2014, following the European Securities and Markets Authority’s (ESMA) approval of four trade repositories for derivatives trading. A request by ESMA to delay the reporting deadline for exchange-traded derivatives by a year has been turned down by the European Commission....
Global LEI System Takes Two Small Steps Towards Operation
The Global Legal Entity Identifier System (GLEIS) has inched forward with operational moves being made by the Regulatory Oversight Committee (ROC) to address reference data issues around the LEI and by the Commodity Futures Trading Commission (CFTC) to accept LEIs from all endorsed pre-local operating units (LOUs). The Secretariat of the ROC has written a...
Bloomberg and Markit Exchange Reference Data to Bolster EDM Services
Bloomberg and Markit have responded to market demand for a wider choice of vendor data for enterprise data management (EDM) with a non-exclusive agreement to distribute each other’s pricing and reference data through their EDM platforms Bloomberg Polarlake and Markit EDM. The companies report increasing interest in choosing and consuming broader datasets as customers and...