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Broadridge’s Access Data Introduces Unique Tax Management Solution for Mutual Funds and ETFs
Broadridge Financial Solutions today announced a unique tax management solution providing mutual fund managers and ETF sponsors access to data to accurately calculate state tax obligations. Broadridge’s Multi-State Tax Management solution, the first of its kind, collects, organises and tabulates shareholder account data across distribution channels in all 50 states, without divulging specific shareholder information….
Markit Calls for a Data Aggregator Within Swaps Data Repository Space
In its feedback to the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) joint proposals regarding reporting to swaps data repositories, derivatives specialist vendor Markit suggests the industry needs a data aggregator in order to gather together the data spread across the various repositories in the market. This indicates that Markit may…
ICFR Meeting Calls for Increased Consistency of Supervisory Data Collection, Global Coordination
The International Centre for Financial Regulation’s (ICFR) recent meeting on macroprudential data scoping highlighted a number of concerns related to the collection of data for the monitoring of systemic risk, not least of which was the need for global coordination among regulators. Attendees to the meeting, which took place earlier this month in London under…
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…
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,…