A-Team Insight Blogs The latest content from across the platform
‘Light Bulb’ Moment Looms for Data Reporting, Says Solidatus
The financial data industry is experiencing an ESG “lightbulb moment” as regulators and financial institutions get to grips with challenges facing corporate disclosure and data quality, according to Solidatus. The recent introduction of the EU’s SFDR and, probably more importantly, the Bank of England’s stress tests of lenders’ climate risks are likely to prove a…
IHS Markit Connects Corporate Actions Solution to DTCC ISO 20022 Messaging Platform to Improve Process Automation
IHS Markit is aiming to simplify and automate corporate actions by connecting its Corporate Action SaaS solution to DTCC’s ISO 20022 messaging platform. The connection will provide direct delivery of corporate actions ISO 20022 formatted messages from the DTCC platform to the IHS Markit solution, giving DTCC users improved straight through processing for corporate actions….
FCA Publishes Further Plans to Ensure Orderly Wind Down of LIBOR at Year End
The UK Financial Conduct Authority (FCA) has released further arrangements for the orderly wind down of LIBOR at the end of the year. While the sterling, Japanese yen, Swiss franc and euro LIBOR panels will cease on 31 December 2021, the FCA says that to avoid disruption to legacy contracts referencing the 1-, 3- and…
MAS Brings in Final Phase of OTC Derivatives Reporting Rules
The Monetary Authority of Singapore (MAS) has implemented the final stage of its reporting regulations for OTC derivatives under the Securities & Futures Act (SFA). This phase was delayed by a year due to the impact of Covid-19, with the final extension of new reporting obligations coming into force on October 1. The phased in…
MCO Acquires Governor Software, Adds Founder Pike to Payroll
MyComplianceOffice (MCO) has acquired Governor Software, adding the company’s visual mapping of global regulations to its lineup of regulatory data collection and work flow capabilities. Terms of the transaction weren’t disclosed, but it’s understood that Governor was for sale for some time after a planned funding round never materialised due to the global Covid pandemic….
How Blockchain Can Help Reduce the Threat of Trade-Based Money Laundering
By Henry Roxas, Head of Trade Finance, R3. The amount of money laundered globally in a single year has been estimated at as much as $2 trillion. Despite billions of dollars of investment in preventative measures, financial institutions are only managing to intercept less than 0.1% of illicit funds. Evidently, money laundering is a booming…
The Increasing Importance of Data Management for Financial Firms of All Sizes
By Keith Bunnell, Global Head of Data Management Services, Bloomberg. Information has always been the lifeblood of the financial industry. A money manager with more data that provides real insights will have an edge over its competitors. That isn’t new. What is new is the amount of data and the types of data that are…
Quod Financial Signs Four New Clients, as Demand for Automation and Multi-Asset Solutions Grows
Multi-asset OMS/EMS trading technology provider Quod Financial has secured four new clients – CMC Markets in London, Kepler Chevreux in Paris, SKB Bank (Sinara) in Russia and an undisclosed major bank in Saudi Arabia – to satisfy a range of functional requirements around automated trading, across multiple asset classes. CMC Markets Connect is leveraging Quod’s…
VoxSmart Acquires GreenKey Technologies to Bolster NLP Capabilities
London-based communications surveillance specialist VoxSmart Ltd., has acquired speech recognition and natural language processing (NLP) provider GreenKey Technologies for an undisclosed sum. The deal will enable VoxSmart to strengthen its communications surveillance offering to global financial institutions, as it moves to position itself as a leader in NLP and voice analytics for financial markets. The…
Banks Concerned as BoE Climate Stress Tests Highlight ‘Data Gaps’
The UK’s biggest banks and insurers are said to have been shocked by initial results of stress tests they’ve conducted into their resilience to climate-related financial risks. Not only did they find the exercise difficult, some also found discrepancies in their findings. Now chief data officers (CDOs) have been summoned to examine whether the organisations…