RegTech Insight Blogs The latest content from across the platform
Q&A: Dell’s Bob Barris on the ABCD of Big Data Analytics
Combining its server, storage and networking hardware with open source and partner software, and professional services, Dell is shaping up to be an IT heavyweight in the big data space. We tapped Dell VP of sales for financial services Bob Barris to explain the company’s offering, and he responded that it’s as easy as ABC…
LEI Regulatory Oversight Committee Names Leadership and Reprieves PSPG
The formation of a global legal entity identifier (LEI) system took a large step forward late last week when the first meeting of the Regulatory Oversight Committee (ROC) took place in Toronto, taking over leadership and direction of the LEI initiative from the Financial Stability Board (FSB) and naming its leadership team. The meeting was…
Talking Reference Data with Andrew Delaney: DMS 2013 – On LEI and Other Data Management Challenges
Data management is critical to the challenges facing financial services and capital markets participants. Across the board, from meeting increasing regulation and getting in line behind the forthcoming legal entity identifier (LEI) to enhancing transparency and risk management, data management is key. It features in many of the issues we have covered over the past…
Ion Trading Acquires Twice to Add Strength in Treasury Risk Management
Ion Trading is back on the acquisition trail, this time building strength in treasury management systems through last week’s takeover of Horsham, Pennsylvania-based Financial Software Systems and the acquisition the previous week of London-based IT2 Treasury Solutions, through subsidiary Wall Street Systems. A dark horse in capital markets, Dublin-headquartered Ion Trading has quietly developed a…
Rimes Sets Out Bloomberg Open Symbology Adoption Plan
Rimes has joined the growing group of data service providers offering Bloomberg Open Symbology (BSYM) to help clients streamline workflow and reduce operational risk. The company has gone live with Bloomberg’s global security identifier (BBGID) on the Rimes Benchmark Data Service and is initially providing cover across the 100-plus equity data sources it offers. Later…
Wolters Kluwer Integrates Acquisitions to Deliver Single Platform Risk and Compliance Solutions
Wolters Kluwer Financial Services’ decision to abandon the brand names of FRSGlobal, which it acquired in September 2010, and FinArch, which it acquired in July 2012, marks a major step forward in the company’s work to integrate the acquisitions’ products to form a combined offering driven by a single business oriented data architecture. The product…
SEC Names RiskMetrics Co-Founder Gregg Berman as Head of Office of Analytics and Research
The US Securities and Exchange Commission (SEC) has named risk expert Gregg Berman as head of the Office of Analytics and Research in its Division of Trading and Markets. The office was set up last year to conduct research and analysis that will help inform the Commission’s policies on markets and market structure. Its focus…
Talking Reference Data with Sarah Underwood: The LEI Presents Opportunities Not to be Missed
The global legal entity identifier (LEI) system mandated by the G20 in November 2011 and initiated by the Financial Stability Board (FSB) soon after has been some time in the making, but it seems to be headed in the right direction despite disagreement among market participants on some elements of the solution; a change of…
Basel Committee Publishes Definitive Principles for Risk Data Aggregation and Reporting
The Basel Committee on Banking Supervision has published ‘Principles for effective risk data aggregation and risk reporting’, a final document based on an earlier version of the principles issued in June 2012 for consultative purposes. The document includes 14 principles grouped into four headline topics and states that global systemically important banks (G-Sibs) should start…
Markit and CTI Tackle Fatca Compliance with Service Bureau
Markit and Compliance Technologies International (CTI) have teamed up to target the Foreign Account Tax Compliance Act (Fatca) compliance market, but unlike most vendors the companies propose a Fatca service bureau rather than a deployed or hosted solution. Their aim is to serve fund types and sizes that typically outsource IT and do not have…