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DTCC and SWIFT Launch ISO 20022 Corporate Actions Messaging Pilot Program
The Depository Trust & Clearing Corporation (DTCC) and SWIFT, the financial messaging provider for more than 9,500 financial institutions and corporations in 209 countries, announced today that Brown Brothers Harriman & Co. (BBH) has agreed to participate in a new ISO 20022 corporate actions messaging pilot program. The pilot program being run by DTCC will…
Reference Data Rather Than Alcohol?!
Yesterday’s panel session on a reference data utility was surprisingly well attended, given the fact it was last thing on the first day of the conference and drinks were being served outside on the exhibition floor. Testament to the importance of the subject in an environment where everybody is waiting for the regulator’s hammer to…
More Buy Side Firms Turning to Third Party Valuations Than Ever Before, Indicates A-Team Group Valuations Benchmarking Study
More and more buy side firms are turning from proprietary and broker-supplied pricing to third party valuations and this is set to rise even further, according to a recent A-Team Group benchmarking study. The majority, at 82%, of the asset management and securities services firm respondents indicated that they rely on third party external sources…
Kinetic Partners is Focusing on Adding New Modules to its Risk and Valuations Platform
Following her appointment to the London-based risk team of Kinetic Partners two months ago, Isabelle Tykoczinski has been focused on adding new modules to the vendor’s Risk and Valuation Services (RVS) platform. Due for launch in the first half of next year, the new modules focus on extending the platform’s services and reporting tools, such…
Data Management is Now Partnering with Risk and Compliance, Rather than Being a Poor Second Cousin, Says RBC’s Sutton
The increased attention being focused on data management by senior execs has resulted in the function being viewed as more of a partner to risk or compliance teams within financial institutions, according to Julia Sutton, global head of customer data and onboarding at Royal Bank of Canada (RBC). Speaking at the recent EDM Council and…
IOSCO Forms Coordination Task Force for OTC Derivatives, Data Standards on the Agenda
The Technical Committee of the International Organisation of Securities Commissions (IOSCO) has formed a new Task Force on OTC Derivatives Regulation in order to coordinate securities and futures regulators’ efforts to work together in the development of supervisory and oversight structures for these markets; one aspect of which will be defining data standards for regulatory…
JWG Risk Research Recommends Firms Focus on Getting Workable Risk Datasets in Place
After two years of scrambling to assemble new regulatory reports, firms now have a brief window of opportunity to rethink the risk information capabilities they need to satisfy both customers and regulators. However, it does not appear that many are taking advantage of the chance to redesign their current risk architectures. ‘Getting risk information right’,…
Transaction Reporting to be Limited to Eight Categories of OTC Derivatives, New Common Data Standards on the Way, Says CESR
As part of the overall ongoing review of MiFID, the Committee of European Securities Regulators (CESR) has added further qualifications to the OTC derivatives that must be included in transaction reports and indicated that for these instruments further “common data standards” are incoming. This follows the consultation paper it released with regards to classification changes…
Behind the Scenes
One week to go before Sibos and, according to Swift’s figures from today, there are 7,489 delegates signed up so far. Let’s hope at least some of that number care about reference data; otherwise the utility panel on the first day might be a little quiet (apart from the panellists that is). And it is…
Interactive Data adds European Money Market Instruments to its Award-Winning Fixed-Income Evaluated Pricing Service
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it is adding evaluated pricing for European money market instruments to its global independent fixed-income evaluations coverage. These new evaluated prices will complement the coverage of US and Asian money market instruments already offered by Interactive Data. From…