The Deal is Done – Blackstone to Take 55% stake in Thomson Reuters Financial and Risk Business
The deal is done, Thomson Reuters yesterday signed a definitive agreement to enter into a strategic partnership with Blackstone that will give the private equity firm a 55% stake and Thomson Reuters a 45% stake in the company’s financial and risk business. The agreement also spelled out the future for Reuters News, which after the...
Thomson Reuters in Talks to Sell 55% Stake in Financial and Risk Business to Blackstone
Thomson Reuters’ board is expected to meet today to discuss Blackstone Group’s offer of over $16 billion for a 55% stake in the company’s financial and risk business – a move that would take the business into the private sector, allow for a restructure out of the public eye, and create a standalone financial data...
Best Practice Approaches to GDPR Compliance
Compliance with General Data Protection Regulation (GDPR) is an extensive undertaking for financial services firms, but it also generates benefits including reduced risk and cost, improved data security, new business cases, and the availability of trusted information for analytics. The challenges and opportunities of GDPR were discussed during a recent A-Team Group webinar moderated by...
MiFID II – Why ISINs for OTC Derivatives are Bad for Transparency
By: Amir Khwaja, CEO of Clarus Financial Technology One of the goals of MiFID II is to improve transparency of price and volume in financial markets and the implementation date of January 3, 2018 finally gave me an opportunity to look at the post-trade data made publicly available by trading venues and Approved Publication Arrangements...
How to Turn Data Lineage from a Regulatory Response into a Business Advantage
‘Death, taxes…and regulation’. Benjamin Franklin’s only two certainties in life have a new addition, so the joke goes, as financial firms face a never-ending and burdensome blitz of regulatory reporting – BCBS 239, MiFID II, Dodd-Frank, EMIR, GDPR, CCAR etc. etc. One partial solution to the new norm of constantly changing compliance is data lineage,...
TRG Extends Spend Management Platform with Acquisition of Screen
TRG’s acquisition of Screen Group has extended its provision of subscription spend management software solutions with market data software expertise that helps business manage market data costs, processes and workflows more efficiently. The acquisition closed this month and extends TRG’s scope of spend management capabilities across expense management by adding Screen’s INFOmatch to the company’s...
The Proactive Sourcing Imperative: A New Era of Financial Data Management
By: Martijn Groot, vice president, product management, Asset Control. Enterprise data management, or EDM, has long been associated with the discipline of sourcing, mastering and distributing data that typically includes valuation data, instrument master data and entity data. However, major changes in business and regulatory reporting requirements and enabling technologies mean that each of the...
Brian Sentance Leaves Role of CEO at Xenomorph
Brian Sentance has stepped down from the role of CEO at Xenomorph Software after 23 years at the helm and following a successful first close of a two-stage funding round. He is replaced as CEO by Ron Zeghibe, a director of Xenomorph Holdings since May 2016. Matthew Skinner, managing director EMEA, joins Zeghibe as part...
Tim Lind Joins DTCC as Managing Director of Data Services
Tim Lind has returned to the front line of capital markets solutions as managing director of DTCC Data Services. At DTCC, he will be responsible for guiding the firm’s data businesses, including services that leverage data derived from DTCC’s global processing platforms, and ensuring ongoing alignment with risk management and regulatory requirements. Lind previously headed...
Danske Bank Goes Live with Datactics RegMetrics to Validate Customer Data
Danske Bank UK has implemented Datactics’ RegMetrics data quality solution to improve its single view of customers in Northern Ireland. The bank concluded a successful proof of concept last summer, went live with RegMetrics this month, and is looking at additional use cases for the software. The bank looked at three solutions to enhance its...