RegTech Insight Blogs The latest content from across the platform
Markit Teams with Genpact to Deliver Shared Service for Client On Boarding
Markit has teamed up with business process specialist Genpact to develop a shared service dedicated to the management of client on-boarding and other know-your-customer (KYC) requirements. To ensure the service meets the on boarding needs of large financial institutions, the companies will be joined by HSBC and Morgan Stanley in an initial six-month design and…
Talking Reference Data with Sarah Underwood: The LEI Regains Momentum
There is one comment that comes to mind every time we write about the development of the global legal entity identifier (LEI) system. It was voiced in an A-Team Group webinar back in April by Tim Lind, global head of middle office, enterprise content, at Thomson Reuters. He said: “This is a marathon, not a…
BT Works With Truphone to Meet Dodd-Frank Demand for Mobile Communication Recording
BT is working with global mobile operator Truphone to help US firms and those trading with US firms meet Dodd-Frank regulation that requires conversations and data interactions made using mobile devices and leading to trades in the swaps market to be recorded. BT has been operating a mobile communication recording service in the UK with…
Cloudsoft Lifts OpenGamma Analytics and Risk Management into the Cloud
Cloudsoft, a provider of multi-cloud applications management software, has moved OpenGamma into the cloud to offer an analytics and risk management service that is flexible and dynamic, and can be shared across a financial institution. The company’s initial work with OpenGamma – both Cloudsoft and OpenGamma are open source specialists – was a response to…
Financial Stability Board Sets up Study on Trade Repository Data Aggregation
The Financial Stability Board (FSB) has set up a feasibility study to consider how OTC derivatives data reported to trade repositories can be aggregated and shared among authorities monitoring risks to financial stability. The options for data aggregation being investigated by the study include a centralised model, a logically centralised model based on federated data…
Swift Starts to Populate BIC to LEI Directory with GEI and CICI Pre-Legal Entity Identifiers
Swift has met customer demand for Business Identifier Code (BIC) to Legal Entity Identifier (LEI) mapping with a BIC to LEI directory for users of its SwiftRef payments data platform and BIC to LEI mapping in a handful of its existing products. The company says it has mapped 4,800 BICs to pre-LEIs – over time…
Q&A: Embium’s new CEO Janice Robson on Rapidly Deploying Algo Strategies
Embium is the new name for Cyborg Trading Systems, providing a cloud-delivered, broker neutral, algorithmic trading platform. As well as a new name, the company has a new CEO. IntelligentTradingTechnology.com caught up with Janice Robson to find out about the past, present and future. Q: What is it about Embium that caused you to join…
Thomson Reuters Debates the Data Management Challenges of FATCA
The US Foreign Account Tax Compliance Act (FATCA) will take its toll on data management functions with most financial firms expecting know your customer (KYC) and client onboarding processes to be hit hardest by the legislation. During a webinar hosted by Thomson Reuters, participants also pointed out that FATCA is the tip of the iceberg,…
CICI Utility Cuts 18,000 pre-Legal Entity Identifiers from its Database
The CICI utility that issues CFTC Interim Compliant Identifiers (CICIs) for use in the interim global legal entity identifier (LEI) system will today remove 18,000 records from its database. These records are part of the tranche of 22,000 records that DTCC, which works with Swift as a pre-Local Operating Unit (pre-LOU) in the interim global…
Talking Reference Data with Andrew Delaney: A Tonic for the FATCA-Brand GIIN
If Solvency II is considered the most onerous of the regulatory regimes about to hit our financial data community, then FATCA surely is not far behind it – and it is now officially the most imminent. Indeed, following a slight delay (from July 15), the US tax authorities this week unveiled the FATCA registration portal,…