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M&G Investments Selects Bloomberg as Sanctions Data Provider

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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.

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