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: Proactive RegTech approaches to fighting financial crime

Financial crime is a global problem that costs the economy trillions of dollars a year, despite best efforts by financial services firms, regulators, and governments to stem the flow. As criminals become more sophisticated in how they commit financial crime, so too must capital markets participants working to challenge criminality and secure the global financial...

BLOG

Rimes Wins Award for Best Buy-Side Managed Services Platform in A-Team Group’s Data Management Insight Awards Europe 2023

Rimes has won the award for Best Buy-Side Managed Services Platform in A-Team Group’s Data Management Insight Awards Europe 2023. These annual awards recognise leading providers of data management solutions, services and consultancy to capital markets participants across Europe. Rimes’ buy-side managed services platform was selected as an award winner by A-Team Group’s European data...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...