RegTech Insight Blogs The latest content from across the platform
Growth in APAC Economies Drives Netik Expansion into Asia Pacific Region
Netik, the global leading provider of financial data creation, management and distribution services and solutions, announced today a key strategic move in the Asia Pacific region with the opening of its Hong Kong office. As part of Netik’s overall repositioning strategy and to complement their existing commercial centres in New York and London, the Hong…
Virginie’s Blog – It’s Good to Talk (But Actions Are Also Needed)
August has truly been a month dominated by discussions at the regulatory level about data standards. Not only has the Committee on Payment and Settlement Systems (CPSS) teamed up with the International Organisation of Securities Commissions (IOSCO) to produce a consultative report on the means via which OTC derivatives data should be collected, stored and…
Firms Likely to Wait Until November Deadline to Comply with AII Reporting Requirements, Says Xtrakter’s Dingley
Although the UK Financial Services Authority (FSA) has provided a four month window for firms to become compliant with transaction reporting using the Alternative Instrument Identifier (AII), firms are likely to wait until the final November deadline for compliance before they begin using the new derivative instrument ID, according to Christopher Dingley, product manager for…
FATCA Compliance Will Cost Banks 5 Times that of Client Money Compliance, Warns Crossbridge
Crossbridge , the financial markets consultancy, today warned that complying with the incoming FATCA legislation from the US could cost investment banks five times as much as complying with the UK’s new CASS regulations, which will be implemented in little over a month’s time. Indeed, one bank that Crossbridge is working with has assigned 40%…
DataFlux Gains Solvency II Momentum with New European Insurance Customers
DataFlux, a leading provider of data management solutions, today announced that nine European insurance firms have selected its technology over the past few quarters to underpin their Solvency II data management initiatives. The DataFlux Solvency II data governance framework is being used by firms to take practical steps to adhere to a wide range of…
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…
Andrew’s Blog – Get Involved in A-Team’s DMRAV Event – London October 17
While London’s weather may not make for exciting summer activities, we’re getting mildly animated at the prospect of pulling together the programme for our Data Management for Risk, Analytics & Valuations conference in London on October 17. Ages away? Hardly. Get the bank holiday weekend out of the way and it’s just a month to…
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…
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…