Now is Time for Discussion About Standards Migration and the “Science Bit”, Says ECB’s Gross
In a similar vein to their discussions during last year’s Sibos panel on the developments around the Office of Financial Research (OFR), the European Central Bank’s (ECB) head of external statistics Francis Gross championed the cause of regulatory led reference data standardisation at last week’s TSAM alongside EDM Council managing director Mike Atkin. Gross noted...
JWG’s Di Giammarino Promotes European Input into US OFR Developments Via New GRIS Group
European firms need to collaborate with each other if they are to provide practical input to important regulatory driven standardisation efforts such as the development of a new legal entity identifier by the US Office of Financial Research (OFR), according to JWG’s CEO PJ Di Giammarino. In order to facilitate this transatlantic feedback process, JWG’s...
Regulators Should Begin Work With the Data and Formats Already Being Reported, Says ICFR’s Ridpath
A lot has been said on the subject of systemic risk monitoring and the collection of macroprudential data over the last year or so (just look at the developments in the US around the Office of Financial Research for proof) and the International Centre for Financial Regulation (ICFR) is aiming to play its part in...
DTCC’s Thompson Testifies About the Importance of Data Repositories Beyond the Swaps Market
In keeping with its recent focus on data repositories, the Depository Trust & Clearing Corporation’s (DTCC) managing director and general counsel, Larry Thompson, this week testified before the Senate Committee on Agriculture, Nutrition, and Forestry stating that OTC derivatives market transparency could be improved by extending to other asset classes the current data repository model...
Grody Claims GS1’s Position as a Wholly Focused Standards Administrator Gives it the Edge in the OFR Race
The bid by standards body GS1 to become the issuer of the new legal entity and instrument identification codes that are to be introduced as part of the developments around the US Office of Financial Research (OFR) may be only one of a number of options on the table, but key proponent and president of...
ANNA’s Extension of the IGI Represents Serious Potential as the OFR’s LEI, Says WMD’s Heer
Markus Heer, managing director of German data vendor WMDatenservice (see his appointment to the role back in 2008) and vice chairman of the Association of National Numbering Agencies (ANNA), reckons ANNA’s bid for the US Office of Financial Research’s legal entity identification standard stands a good chance, given its position as an ISO standard and...
Bank of Beijing Undertakes New Initiative to Incorporate Accuity’s AML Solutions
Accuity, the leading provider of payment routing data, anti-money laundering (AML) screening software, and services, is pleased to announce that Bank of Beijing, one of China’s largest commercial banks, has selected Accuity’s Compliance Link and Global WatchList. Compliance Link, Accuity’s modular enterprise-wide interdiction screening solution, and Global WatchList, Accuity’s proprietary collection of sanctions, enhanced due...
Broadridge’s Access Data Introduces Unique Tax Management Solution for Mutual Funds and ETFs
Broadridge Financial Solutions today announced a unique tax management solution providing mutual fund managers and ETF sponsors access to data to accurately calculate state tax obligations. Broadridge’s Multi-State Tax Management solution, the first of its kind, collects, organises and tabulates shareholder account data across distribution channels in all 50 states, without divulging specific shareholder information....
ANNA Highlights ISIN Developments and the Future of the ANNA Service Bureau and the IGI
The Association of National Numbering Agencies (ANNA) is likely to be having a busy start to 2011: as well as providing its feedback on legal entity identification standards to the US Office of Financial Research at the end of January (OFR), the association has been working on a new version of ISO 6166, otherwise known...
ICFR Meeting Calls for Increased Consistency of Supervisory Data Collection, Global Coordination
The International Centre for Financial Regulation’s (ICFR) recent meeting on macroprudential data scoping highlighted a number of concerns related to the collection of data for the monitoring of systemic risk, not least of which was the need for global coordination among regulators. Attendees to the meeting, which took place earlier this month in London under...