RegTech Insight Blogs The latest content from across the platform
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…
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…
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…
Thomson Reuters Joins Fatca Fray with Modular Compliance Solution
Thomson Reuters has joined the growing group of vendors providing compliance solutions for the US Foreign Account Tax Compliance Act (Fatca) that came into effect on January 1. Its offer is a modular, yet holistic, solution that can flex in response to elements of the legislation that are still to be determined or may change…
Numerix Adjusts Reference Data Structure to Add Multiple Pricing Curves to Portfolio
Numerix has added out-of-the-box multi-curve modelling to its Portfolio front and middle-office application for pricing, managing risk and hedging structured products, giving users the ability to generate more precise valuations and risk measurements of collateralised structured products. The additional functionality is available in the company’s pricing library and the Portfolio product immediately and follows the…
US Senate Names Former Morgan Stanley Economist Berner as OFR Director
The US Senate has named former Morgan Stanley executive Richard Berner as the first director of the Office of Financial Research (OFR). The OFR was set up under the Dodd-Frank legislation within the US Treasury Department and charged with tasks such as the development of a global legal entity identifier (LEI) system that will improve…
Bloomberg Offers Cautious Welcome to European Commission Decision on Thomson Reuters’ RICs
Bloomberg has responded to the European Commission’s decision to accept proposals from Thomson Reuters that open its Reuters Instrument Codes (RICs) to greater market use, by welcoming the change, but warning that compliance is critical if an open market for consolidated real-time data feeds is to be created. The company stated: “In a press release…
Performance by Numbers: Lessons on Latency
When sizing up a data sheet, what numbers pop out at you? IOPS? GB/s? Latency? If you’re like most IT professionals, you might be starting to pay more attention to latency. In case you’re still wondering what all the fuss is about, let’s look at why low latency is so important, why it’s a challenge…
Gjensidige Selects Moody’s Analytics’ RiskIntegrity Solvency II Solution
Norwegian insurance company Gjensidige is working with Moody’s Analytics’ RiskIntegrity Solvency II solution to improve risk management and support compliance with the forthcoming regulation. The company chose RiskIntegrity on the strength of its out-of-the-box regulatory capabilities and ease of use. Thomas Bichard-Breaud, leader of Gjensidige’s Solvency II reporting, explains: “Moody’s Analytics offered us the best…
CounterpartyLink Details Development of CPL Online Entity Data Service
CounterpartyLink is progressing the development of its CPL Online legal entity intelligence service with the immediate addition of a compliance index and the promise of hierarchy data for all entities it holds and a visualisation tool to view related data. The company’s October 2012 commitment to offer beneficial ownership data at a level of 10%…