Brown Brothers Harriman Works with DTCC to Reduce Risk in Corporate Actions
Brown Brothers Harriman (BBH) has gone live with DTCC’s standards-based corporate actions real-time messaging and expects the solution to provide both operational efficiencies and reduced operational risk. The solution is part of a multi-year corporate actions reengineering project at DTCC that will replace 60 legacy systems by 2015 with a single platform that is compliant...
Talking Reference Data with Andrew Delaney: Why We Care About the LEI
Maybe like me you’ve been slightly bewildered by the comings and goings in the market’s attempts to come up with a plan for a steadfast legal entity identifier (LEI) that everyone can use? Particularly the frenetic pace of sometimes daily change in direction, as stakeholders switched allegiances, and adopted and dropped plans, and interested parties...
FSB Outlines Plans for Federated Access to Centralised ISO 17442-Based LEI Database
The Financial Stability Board (FSB) has outlined details of the global legal entity identifier (LEI) system that it will propose at the forthcoming G20 meeting on June 18-19 in Los Cabos, Mexico. The system would involve the creation of “a ‘logically’ centralised database of identifiers and corresponding reference data” that would appear seamless to users...
Cusip Global Services Talks Down Open Symbology Initiatives and Favours Standards
Cusip Global Services (CGS), the provider of Cusip securities identifiers owned by the American Bankers Association and managed by S&P Capital IQ, has set the cat among the pigeons by criticising proprietary symbologies for their lack of efficient operability. Rather, CGS reckons that standards, supported by organisations such as itself, are the only way forward towards efficient and reliable capital markets. A report on the power...
FSB’s New LEI Deadline Puts Market Under Pressure Amid Continued Uncertainty
The Financial Stability Board’s (FSB) decision to set a deadline of March 2013 for the introduction of a global legal entity identifier (LEI) system may be tight, but industry experts say it can be achieved by using existing infrastructure and following the board’s federated approach to a global solution. The deadline was set by the...
Avox Replaces Free Wiki-Data Service with AvoxData
Avox, a DTCC subsidiary and provider of reference information on legal entities, is replacing its free wiki-data service with AvoxData, a web service that will continue to provide free wiki-data type content, but also a subscription element for access to more detailed business entity records. AvoxData was developed with an Avox client and went live...
Financial Stability Board Calls for More Expert Input on LEI Infrastructure
The Financial Stability Board (FSB) has returned to the drawing board, inviting financial industry experts to provide further development details for an infrastructure that could underpin legal entity identifiers (LEIs) and support a federated model for the distribution and registration of LEI numbers rather than a central registration authority and depository. The FSB’s request for...
S&P Capital IQ Offers Data Solution for Customer Relationship Management
S&P Capital IQ has pulled together vast amounts of its in-house data to create a data solution for customer relationship management (CRM) systems. The aim of the company’s CRM Data Suite is to help users seed and power proprietary CRM systems that avoid duplication of records and are instead based on master records updated by...
Interactive Data Adds CDS to Valuation Service and Promises Speedy Delivery
Interactive Data has added credit default swaps (CDS) and two CDS indices to its independent OTC derivatives valuation service, increasing transparency around the evaluation of these asset classes and helping users to improve risk management and regulatory compliance through a better understanding of CDS valuations. The company is also working towards intra-day and ultimately near...
Interactive Data Readies for Fallout from European Sovereign Debt Crisis
Interactive Data is seeking to reassure users of its evaluated pricing and reference data services that they will not be affected by any fallout from the European sovereign debt crisis. The big data provider has outlined its plans for responding to a Greek exit from the euro and other scenarios in a letter to customers....