LSE’s Husler Explains Decision Behind the Move of its Transaction Reporting Service onto UnaVista
The London Stock Exchange (LSE) has offered a transaction reporting service, dubbed the Exchange Reporting Service (ERS), since 2002, but has recently moved the service onto its web-hosted platform UnaVista. According to Mark Husler, head of information services business development at the LSE, the exchange operator decided to move the service onto the platform in...
Confluence Helps Fund Administrators Manage New Complex Money Market Fund Reporting Mandates
Confluence, a global leader in investment management data automation, today announced new software to help fund administrators manage complex Money Market Fund Reform Rule reporting recently mandated by the US Securities and Exchange Commission (SEC). Unity Regulatory Reporting delivers an automated solution to the complex challenge of preparing and filing the SEC’s required Form N-MFP,...
Barnier Keen for Credit Ratings Agencies Crackdown to be Globally Coordinated; Iosco Publishes Consultation on Subject
Earlier this week, European internal market and services commissioner Michel Barnier indicated that he is keen for a level of global coordination to be achieved when implementing new financial system regulations, including those for credit ratings agencies (CRAs). Speaking ahead of his meeting with US Treasury secretary Timothy Geithner, Barnier stressed the importance of stronger...
UnaVista to Offer Transaction Reporting Service
The London Stock Exchange announced today that the Financial Services Authority (FSA) has given UnaVista Approved Reporting Mechanism (ARM) status for transaction reporting. In addition to providing the basic validation services required under MiFID, UnaVista will offer firms validation tools to monitor the quality of their transaction reports, significantly reducing the risk of providing incorrect...
CUSIP Global Services Launches New Identification Service to Track US Government Economic Stimulus Programs
CUSIP Global Services (CGS) today announced the launch of its Government Stimulus ID Service, covering economic stimulus programs sponsored by the US government since 2008. CGS Government Stimulus ID Service enables investors, researchers and others to track US government stimulus programs and further represents the built-in flexibility of the CUSIP database to segment specific asset...
US-EU Bulk Data Swift Transfer Continues to Prove Controversial in Europe
As noted by Reference Data Review last month, consensus remains out of reach on the subject of bank data transfer between the US and Europe across the Swift network. European politicians are keen that bulk data transfers of sensitive customer data across the network for counter terrorism purposes be avoided and that this data instead be processed...
Aim Software and SIX Telekurs Launch 7th Edition of the Aim Global Reference Data and Risk Management Survey
Aim Software today announced the launch of its 7th international reference data and risk management survey which is designed to provide insights into the challenges, trends and planned investments for reference data automation and risk management in the financial industry. This year’s survey is sponsored by SIX Telekurs. In the dramatically changing world of finance,...
SEC Seeking Market Feedback on XBRL Compliance Challenges
As part of its wider push to extend XBRL into other areas such as the tagging of source documents for mortgage backed securities (MBS) and corporate actions, the Securities and Exchange Commission (SEC) is currently taking stock of the challenges faced by the industry during XBRL implementation thus far. To this end, the US regulator...
Volante Announces Support for Swift SR 2010 and EBAM
Powering finance with data management innovations, Volante Technologies, today announced the availability of updates to the Volante product suite with support for the latest Swift Standards Release 2010 as well as EBAM (Electronic Bank Account Management). Available as plug-ins to Volante integration tools, these include fully functional versions of the newest ISO 15022 and ISO...
Sallie Mae and Société Générale Select SailPoint for Identity Governance and Compliance
SailPoint today announced that Sallie Mae and Société Générale have chosen SailPoint IdentityIQ to automate and streamline their identity related compliance processes. SailPoint IdentityIQ, an identity governance solution, helps corporations of all sizes keep track of who has access to critical applications, data and IT systems while greatly reducing audit and compliance costs. A comprehensive...