About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

M&G Investments Selects Bloomberg as Sanctions Data Provider

Subscribe to our newsletter

M&G Investments has selected Bloomberg as its sanctions data provider to support compliance decision-making, as well as portfolio and risk management. The deal extends Bloomberg’s relationship with M&G Investments, which previously adopted all the services offered by Bloomberg Data Management Services.

Using Bloomberg’s sanctions data solution, M&G Investments will have access to the data vendor’s Enterprise Data dataset of legal entities and financial instruments identified as having the potential to be impacted by sanctions. The resulting data will be processed using Bloomberg’s Data License Plus, a managed service that aggregates a client’s Bloomberg data into a single dataset.

“One of our greatest investment compliance hurdles has been to implement a robust trade screening process that not only blocks unauthorised securities trading, but also alerts us in a timely fashion when a security that is held is impacted by sanctions,” says Valeria Locatelli on behalf of M&G plc. “Bloomberg’s solution provides, manages and integrates sanctions data regarding financial instruments so we can meet regulatory requirements without a heavy operational burden.”

Brad Foster, global head of enterprise data content at Bloomberg, adds: “Using Bloomberg’s sanctions data solution and integrating it into relevant workflows will provide M&G Investments with more data and information to support its compliance and risk management decisions throughout the pre- and post-trade workflow.”

Bloomberg’s sanctions data solution monitors sanctions across 10 global jurisdictions — the US, UK, EU, UN, Canada, Switzerland, Japan, Australia, Hong Kong and Singapore. It uses the data vendor’s corporate hierarchy database and a sophisticated rules engine to identify entities that are explicitly and implicitly sanctioned, as well as instruments issued by these entities.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

Pilot-to-Production Discussion to Open First AI in Data Management Summit NYC

The countdown has begun to the inaugural A-Team Group AI in Data Management Summit NYC. Leading figures from the worlds of data and finance will gather at the event to consider the most pressing matters facing them as their companies embed artificial intelligence into their operations. The Summit builds on the success of 15 years...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Enterprise Data Management

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...