Data Management Insight Blogs The latest content from across the platform
Talking Reference Data with Sarah Underwood: Pushing Forward the Global LEI System
While many capital markets participants eased off the pace and headed out for a vacation over the summer, it seems there has been no slowdown for those developing the global legal entity identifier (LEI) system, with the system’s Regulatory Oversight Committee (ROC) taking two significant steps forward in as many weeks in August. First was…
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,…
SunGard Extends Reach of Acquired XSP Corporate Actions Solutions
XSP’s December 2012 acquisition by SunGard has given the corporate actions specialist greater geographic reach, a broader customer base and the opportunity to integrate its software with SunGard middle- and back-office applications. XSP’s latest geographic push is into Asia-Pacific, where it has customers, but mostly global customers with offices in the region. Taking advantage of…
Do We Need a Chief Data Officer?
By Steve Young, CEO, Citisoft Recently I had an interesting conversation with a client with regard to where data management belongs within an organisation and whether there is a need for a buy-side firm to appoint a Chief Data Officer (CDO). The client, a very successful mid-range asset management firm, is organised along fairly clear…
LSE Details Go Live of Pre-LEI System and Expects Smooth Transition to Global LEI system
The London Stock Exchange (LSE) went live with its pre-Legal Entity Identifier (pre-LEI) system issuing Interim Entity Identifiers (IEIs) on Monday August 5. It reports significant interest in entity registration, with many draft records being created ahead of payment and submission, and one complete transaction issuing an IEI to global equity trading services firm BTIG…
Finance and Insurance Firms Turn to Third-Party Service Providers for Corporate Credit Valuations
Global banks, asset managers and insurance companies are adopting innovative approaches to valuing high-yield corporate credit in response to regulatory and client demand for transparent, defensible and timely evaluated pricing. Instruments under particular scrutiny include high-yield bonds, leveraged loans and collateralised loan obligations, all of which can be hard to price and all of which…
Numerix Offers Early Solution for Funding Value Adjustment
Numerix has added a universal framework for funding value adjustment (FVA) calculations to the risk module of its CrossAsset pricing and risk analytics suite. The solution is aimed at helping firms calculate accurate FVA and identify the true profit and loss of OTC derivatives operations. The Numerix implementation is among the first to support computation…
Talking Reference Data with Andrew Delaney: A Little Less Talk and a Lot More Action
“Happy is the man … who before he dies, has the good fortune to sail the Aegean Sea” – Nikos Kazantzakis They say a change is as good as a rest, but a rest sure feels good. And so it is I’m back in the Old Smoke, getting to grips with the task at hand:…
Marlin Equity Partners Acquires Asset Control and Sets Plans in Place
Ending an extended period of uncertainty following Markit’s decision to abandon talks about a possible purchase, Asset Control has been sold by Fidelity Ventures to Marlin Equity Partners, another venture capital firm. The deal ends months of speculation about the future of the data management software provider and should bring a measure of certainty to…
Data Consolidation and Quality Remain an Issue in Preparation for Solvency II
Data management continues to be a drag on insurance companies preparing for Solvency II, but not all are falling behind with some using the regulatory mandate to develop data management infrastructure that will drive both compliance and business benefits from investment in Solvency II. Moody’s Analytics’ latest Solvency II practitioner survey, which included in-depth interviews…