Data Management 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…
Thomson Reuters Extends Entity Risk Solution with Countries of Risks Data
Thomson Reuters has extended its Entity Risk data solution with a Countries of Risks strand that uses an algorithm developed by StarMine, the company’s entity and fundamentals data, and GDP data from the International Monetary Fund to measure the exposure of a firm to multiple countries. The data service is available immediately as part of…
Interactive Data Tracks Evolution of Fair Value Practices
Interactive Data has published the results of its 2013 Fair Value Practices survey, noting a rise since its last report in 2011 in the number of mutual fund firms using fair value practices every day, and a rise in the number of firms using a confidence level threshold at the security level to invoke fair…
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…
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…
NYSE Technologies Promotes Shared Infrastructure for Trading and Post-trade Processes
NYSE Technologies CEO Jon Robson is promoting the concept of shared infrastructure in financial markets with a view to driving down costs, increasing agility and delivering the transparency required by regulators. In an open note to industry and a video titled ‘A Call for Collaboration’ that are posted on NYSE Technologies’ TechTalk microsite, Robson says…
Talking Reference Data with Andrew Delaney: The 100 Club Circa 1977
What do Colin Hall, Colin Gibson, Rupert Brown, Chris Johnson, Diarmuid O’Donovan, Tom Dalglish, Robert Hofstetter and Neville Homer have in common? They are all part of the unique mix of familiar faces and rising stars that makes our Data Management Summit the place where the enterprise and reference data community comes to share their…
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…