Data Management Insight Blogs The latest content from across the platform
AxiomSL Offers Support for BCBS 239 Compliance
AxiomSL, a provider of regulatory reporting and risk management solutions, has combined functionality of its ControllerView platform to support clients that must comply with the Basel Committee on Banking Supervision’s regulation 239: Principles for Effective Risk Data Aggregation and Risk Reporting. BCBS 239 includes a series of 14 principles providing guidance on how banks should…
Bloomberg Promotes FIGI as Primary Global Security Identifier
Bloomberg plans to rename its Bloomberg Global Identifier (BBGID) as the Financial Instrument Global Identifier (FIGI) with a view to making it the world’s primary standard for securities identification ahead of the International Securities Identification Number (ISIN). Bloomberg’s move follows last week’s release by the Association of National Numbering Agencies (ANNA) of an update to…
Tom Dalglish Starts at SmartStream with a Transformation Project at Société Générale
Just weeks after moving on from iGate Global Solutions to join SmartStream Technologies as head of transformation services, Tom Dalglish is in Paris, working on a project at Société Générale Corporate & Investment Banking (SG CIB) that will manage and optimise the bank’s back-office securities processing. The project is led by Accenture Post-Trade Processing (APTP),…
Sun Street Taking a Different Approach to Data Governance
With an increasing industry focus on data governance, one vendor has been taking a different approach to managing data quality from a business point-of-view by providing exceptions workflow, a range of data enquiry tools, and ‘what-if’ scenarios for data sourcing, all of which sit on top of a financial institutions’ existing data architecture. Sun Street…
More on Interactive Data’s Restructuring to Global Business Roles
News last week of Brendan Beith’s departure from Interactive Data was part of a wider restructuring in the company to streamline its operations and shift from a regional focus to a global one. Interactive Data’s chief operating officer Jay Nadler now has global business heads for each vertical reporting into him. Each global vertical business…
Anna Updates ISIN Standard and Combines ISO Financial Standards to Develop Centralised Data Hub
The Association of National Numbering Agencies (Anna) has released an update of ISO 6166, the standard for the International Securities Identification Number (ISIN), that extends coverage of instrument types to reflect regulatory developments in capital markets by including exchange-traded and over-the-counter (OTC) derivatives, as well as structured products. The Anna Service Bureau, which is supported…
A-Team Group Webinar Discusses Regulation and Risk as Data Management Drivers
Increasing regulation of financial markets, including current regulations such as Dodd Frank, EMIR and Fatca, and forthcoming regulations such as Solvency II and BCBS 239, is forcing many firms to change their data management processes in order to achieve compliance. Offering information and advice to data management practitioners tackling the demands of regulation, this week’s…
Thomson Reuters Adds Data Service to Support Solvency II Compliance
Thomson Reuters has pulled together the datasets required by insurance companies and asset managers to comply with the capital adequacy and disclosure obligations of Solvency II. The company’s Solvency II Data Service is available through the Thomson Reuters DataScope Select delivery platform and falls in line with company strategy to support clients with reference data…
Updated: Brendan Beith Leaving Role as European Ref Data MD at Interactive Data
Brendan Beith is leaving Interactive Data, where he has been managing director, pricing and reference data for Europe, Middle East and Africa for the past four years. Update: His role is being filled by Claudio Salinardi of Thomson Reuters. Claudio has spent the past 10 years at Thomson Reuters, most recently as managing director, fixed…
How Often Do You Screen Counterparties for Risk?
An interesting recent poll about compliance shows that 45% of firms screen their counterparties for risk on a daily or weekly basis. But a quite significant 39% still screen only annually. A remaining 10% screen monthly or quarterly, and 6% just one-time only at on-boarding. We can only believe that the frequency with which firms…