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Xtrakter to Offer New FSA Reporting for Derivatives Trades
Xtrakter, a leading provider of capital market data, trade matching and regulatory reporting, is now reporting derivative transaction data for clients to the UK’s Financial Services Authority (FSA) using a newly implemented industry format – the Alternative Instrument Identifier (Aii). In compliance with MiFID, the use of Aii for transaction reporting across Europe for derivatives…
Sapient Global Markets’ Szybillo Backs Swift and DTCC as FX Trade Data Repository Providers
Swift and the Depository Trust and Clearing Corporation (DTCC) are pursuing a number of opportunities within the data infrastructure sphere, one of which is the establishment of a new global FX trade data repository. The idea has found favour with a number of industry associations and Alicia Szybillo, senior manager of Sapient Global Markets, reckons…
Who’s Certified to Operate as a Credit Ratings Agency in Europe?
As part of the regulatory crackdown on ratings agency in the post-crisis financial markets environment (and in accordance with Article 18(3) of the Credit Rating Agencies Regulation), the European Securities and Markets Authority (ESMA) is required to publish a list of all credit ratings agencies that have been registered or certified to operate in the…
Lloyds Banking Group (LBG) Renews and Extends Strategic Outsourcing Contract with State Street
State Street Corporation, one of the world’s leading providers of financial services to institutional investors, announced today that Lloyds Banking Group (LBG) through its Life, Pensions and Investments business (Scottish Widows) and its Asset Management business (Scottish Widows Investment Partnership (SWIP) has renewed and extended its existing contract. State Street will serve as the preferred…
SEI Introduces Functionality to Support UCITS IV Requirements
SEI announced today the launch of new tools designed to assist investment managers in meeting mandatory requirements under the Undertakings for Collective Investment in Transferable Securities IV (UCITS) Directive. SEI has developed an online solution to simplify the production and servicing of the required Key Investor Information Document (KIID), while also enhancing its portfolio compliance…
Northern Trust Helps Clients Navigate the Foreign Account Tax Compliance Act (FATCA)
As part of its commitment to helping institutional clients manage the evolving regulatory landscape, Northern Trust hosted a webinar on 9 August 2011 that explored the impact of the Foreign Account Tax Compliance Act (FATCA) on fund managers. The webinar included an overview of FATCA, implications for fund managers globally and information on how Northern…
Hong Kong Monetary Authority Proposes New Trade Data Repository Reporting Standards, Keeps a Close Eye on LEI Developments
The Hong Kong Monetary Authority’s (HKMA) recently published consultation paper on reporting to the Hong Kong Trade Repository (HKTR) indicates that the regulator is aware of the “considerable amount of time” it will take for firms to be ready for reporting and that international standards developments need to be factored into the equation. The paper,…
GlobeOp Launches Form PF Reporting Service for Hedge Funds Ahead of SEC Deadline
With the first SEC deadline for private fund (Form PF) reporting currently less than six months away for many large hedge funds and managed account platforms, GlobeOp Financial Services has launched a reporting service to specifically support the requirements. “Many funds with more than $1 billion in assets under management (AuM) potentially face their first…
Virginie’s Blog – What’s on the UK FSA’s Radar for the Next Nine Months?
Given that many data managers (and vendors) in the UK are counting on tying their upcoming data projects to new regulatory requirements, the Financial Services Authority’s (FSA) recently published milestones for the next nine months could prove useful in setting the agenda for the next three quarters. The list of regulatory papers, research projects and…
Survey: Data Management Issues Delay Liquidity Risk Progress
Critical data management issues continue to impede the successful development of effective liquidity risk management strategies – and most of these issues can only be resolved through collaborative solutions, according to a new white paper from SWIFT, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries. The findings of…