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Ecclesiastical Insurance Group Selects DataFlux for Solvency II Data Management Implementation
DataFlux, a provider of data management solutions, today announced that Ecclesiastical Insurance Group, a commercial insurance specialist, has selected DataFlux technology to support the implementation of its data management programme. This initiative will help enable compliance with the Solvency II Directive data requirements and improve operational efficiency. The DataFlux Data Management Platform will be deployed…
Macbeth Talks up the DTCC’s Data Repository Ambitions for 2011: More Markets on the Agenda
The Depository Trust & Clearing Corporation (DTCC) will be focusing on taking its services forward this year in line with regulatory developments, according to Stewart Macbeth, general manager of the DTCC’s Trade Information Warehouse (TIW). At the start of this year, it launched its automated portal for regulatory access to global credit default swap (CDS)…
A Spectrum of Opinions
One thing became clear during this month’s series of interviews with industry participants on the subject of legal entity identification standards and when reading through the responses to the Office of Financial Research’s (OFR) proposals on the subject: there is not much agreement on which way to proceed with regards to standardisation. As I noted in…
Daewoo Securities Selects Pricing Partners’ Financial Analytics Solutions
Pricing Partners announced today the signing of Daewoo Securities, the largest stock brokerage and investment banking firm in South Korea, as the its first South Korean client. The agreement was signed through its regional partner Belatos. Under this groundbreaking agreement, Daewoo Securities will deploy Pricing Partners’ entire financial pricing and analytics solutions, Price-it Library suite…
JWG Risk Report Finds Penalties Will Drive Firms to Improve Their Risk Information
JWG, the independent financial regulatory analysts, today released their latest research entitled ‘The new business of risk management’. The report is based on interviews with over 120 professionals from more than 45 financial institutions, as well as suppliers, supervisors and other industry professionals. Their extensive research has found that the new, intrusive style of supervision…
UK FSA’s Response to MiFID Warns Against a One Size Fits All Approach to Data Standardisation
The recent joint response by the UK Financial Services Authority (FSA) and the UK Treasury to the European Commission’s MiFID proposals indicates that the regulators are concerned that a “one size fits all” approach towards data standards may be applied to non-equity instruments, as the directive is expanded beyond equities. The response, which comes in…
A Number of Firms Have Put Counterparty Mapping Projects on Hold, Pending the OFR’s LEI, Says GoldenSource’s Recent Hire Engdahl
The majority of firms that have already kicked off projects to map their issuer and counterparty data have opted to put them on hold, pending a decision being made with regards to the establishment of a standard legal entity identifier, according to Steve Engdahl, senior vice president of product strategy at EDM vendor GoldenSource. The…
DTCC’s Not So Subtle Positioning
Last year, the Depository Trust & Clearing Corporation (DTCC) kicked off its bid to set itself up as an industry data utility with the acquisition of UK-based counterparty and entity data vendor Avox, but at that point, it was rather cautious about publically declaring its intentions in the regulatory data space. Not so this year,…
The Industry Needs a Global, Unique Legal Entity ID with No Embedded Logic, Says HSBC’s Serenita
The adoption of a global, unique legal entity identifier that has no embedded logic will have the biggest impact on the data management space, according to Peter Serenita, global head of entity and account data management for Global Banking and Markets at HSBC. However, the industry will also need to take into account the wider…
DTCC Launches Portal Providing Regulators Globally Direct, Online Access to CDS Data
The Depository Trust & Clearing Corporation (DTCC) announced today, that it has launched an automated portal to provide regulators worldwide with direct, online access to global credit default swap (CDS) data registered in DTCC’s Warehouse Trust Company LLC (Warehouse Trust) global repository. Currently 19 regulators around the world are already live on the portal. This…