Data Management is Now Partnering with Risk and Compliance, Rather than Being a Poor Second Cousin, Says RBC’s Sutton
The increased attention being focused on data management by senior execs has resulted in the function being viewed as more of a partner to risk or compliance teams within financial institutions, according to Julia Sutton, global head of customer data and onboarding at Royal Bank of Canada (RBC). Speaking at the recent EDM Council and...
Even Corporate Actions Processing Needs to Keep up with the Xbox Generation, Says XSP’s Farrell
Corporate actions solution vendor XSP’s recent decision to introduce a mobile application on which clients can view corporate actions notifications and can process responses and elections was prompted by client requests and the ability to keep up with the future requirements of the market, according to CEO Brendan Farrell. The focus has been on allowing clients...
Numerix Continues Expansion Across Asia Pacific; Opens Sales Office in Australia
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has opened a new regional sales office in Sydney, Australia. The new Sydney office increases the total number of Numerix Asia-Pacific (APAC) offices to seven. The office will be managed by Jack Drewe, regional sales director, who is responsible for the Australian and...
IOSCO Forms Coordination Task Force for OTC Derivatives, Data Standards on the Agenda
The Technical Committee of the International Organisation of Securities Commissions (IOSCO) has formed a new Task Force on OTC Derivatives Regulation in order to coordinate securities and futures regulators’ efforts to work together in the development of supervisory and oversight structures for these markets; one aspect of which will be defining data standards for regulatory...
DTCC’S Global Corporate Actions Validation Service Adds Equity Derivatives Coverage
The Depository Trust & Clearing Corporation (DTCC) today announced that it has expanded its Global Corporate Actions Validation Service (GCA VS) coverage to include listed equity derivatives, effective immediately. Historically, financial services firms had to use manual processes to locate and adjust derivatives contracts to account for the effects of corporate actions (such as stock...
Transaction Reporting to be Limited to Eight Categories of OTC Derivatives, New Common Data Standards on the Way, Says CESR
As part of the overall ongoing review of MiFID, the Committee of European Securities Regulators (CESR) has added further qualifications to the OTC derivatives that must be included in transaction reports and indicated that for these instruments further “common data standards” are incoming. This follows the consultation paper it released with regards to classification changes...
Interactive Data adds European Money Market Instruments to its Award-Winning Fixed-Income Evaluated Pricing Service
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it is adding evaluated pricing for European money market instruments to its global independent fixed-income evaluations coverage. These new evaluated prices will complement the coverage of US and Asian money market instruments already offered by Interactive Data. From...
SRL Global Chooses SIX Telekurs for Pricing and Index Data
SRL Global, originally established as a trading and technology joint venture with Man Group Plc in 2007, now an independent specialist technology boutique offering its services to financial buy side institutions, recently signed an agreement with SIX Telekurs UK Ltd to take end of day pricing and index benchmark data for its NEXUS Enterprise Solution....
A Rethink, Redesign and Retool is Needed for Systemic Risk Monitoring, Contends JWG’s Di Giammarino
In order to be able to properly monitor systemic risk, the industry first needs to understand the gaps in the current data framework and then rethink, redesign and retool the method of controlling “the system”, according to PJ Di Giammarino, CEO of JWG. Speaking at the FS Club event on systemic risk last week, Di...
CFTC Roundtable on Swaps Data Repositories Recommends Entity Identifiers Should be Kept Simple
As noted by Reference Data Review earlier this year, the US Commodity Futures Trading Commission (CFTC) is examining the data standardisation challenges underlying the provisions contained within the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the introduction of new swaps data repositories. To this end, last month saw the CFTC conduct a public roundtable...