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Bordeaux Dispatch – Extending the Tentacles
Actually, I used Bordeaux to get your attention. I write this blog from rural Perigord – the village of Bourdeilles, to be exact – which sits close to some wine appellations that are regarded as Bordeaux, like St. Emilion and Pomerol. So, yes, it’s a stretch. But there is a theme at play here. Bourdeilles…
Cosmos Releases Security and Reference Master
Cosmos Technologies, the product development arm of Indus Valley Partners, today announced general availability of Cosmos Security Master, a fully customizable, comprehensive security data management solution designed to centrally store and efficiently manage critical security information in a complex multi-fund, multi-strategy, multi-counterparty, multi-asset environment. Cosmos Security Master is the only commercial solution built from the…
UK FSA Reveals More About Plans for Soft Launch of Gabriel Liquidity Reporting, Pushes Back Data Quality Testing
During its most recent firms forum on the subject of liquidity reporting, the UK Financial Services Authority (FSA) confirmed that it is planning a soft launch for liquidity risk reporting on its online regulatory reporting system, Gathering Better Regulatory Information Electronically (Gabriel). As noted by the FSA in January, firms are being required to test…
Risk Data Challenges Being Exacerbated by “List of Regulatory Unknowns”, Agree FS Club Panellists
The level of uncertainty in the industry due to the ongoing debate within the regulatory community with regards to new risk management reporting requirements has proved to be both a blessing and a curse to those in the data business. Panellists at this month’s FS Club agreed that the industry is being forced to take…
Northern Trust Providing More Data for Fair Value, Adds New IFRS Valuation Toolkit
Custodian bank Northern Trust has been ramping up its efforts over the last 12 months to improve transparency for its end clients around fair valuation measurement, says Judson Baker, derivatives product manager at the bank. To this end, this week it has launched a new IFRS Valuation Toolkit aimed at providing a broad range of…
Basel II and the Law of Unintended Consequence: Leading to Direct Financial Benefit
By Rick Wilson, vice president of product strategy for Trillium Software Not every result from the ‘law of unintended consequences” is a negative outcome. For example, it’s unlikely that the Basel regulations, set up to monitor the accuracy of financial performance reporting, were implemented with the deliberate intention of improving banks’ bottom lines. But that…
UK FSA Indicates BIC Codes are Needed for all Transaction Reporting Firms, Defers AII System Launch Indefinitely
This month, the UK Financial Services Authority (FSA) has indicated that transaction reporting firms under MiFID will need to obtain a bank identifier code (BIC) in order to be in compliance with wider European level regulations. Firms will have to apply to Swift for a BIC before they email the transactions monitoring unit (TMU) with…
DTCC Policy for Releasing CDS Data to Global Regulators
The DTCC Trade Information Warehouse for credit derivatives is a user-governed, not-for-profit cooperative that provides a registry of the details of virtually all outstanding credit default swaps traded globally. The Warehouse currently holds data on roughly 2.3 million contracts from trading counterparties located in 52 countries, covering credit obligations of entities located in more than…
Fed’s Tarullo Once Again Champions Resolution Plans, BCBS Publishes New Recommendations on Subject: Data Challenges in Spotlight
Regular readers of Reference Data Review should be no strangers to the data and practical implementation challenges of resolution, or living wills, regulations that are the talk of the town at the moment. After all, US Federal Reserve governor Daniel Tarullo is just one of the high profile regulators that has been grandstanding about them…
UK Organisations Take Naive Approach to Data Centre Management, Nlyte Software Research Reveals
Nlyte Software, a provider of data centre performance management solutions, today released the results of its recent research that surveyed 200 UK CIOs on the importance of better managing and optimising the data centre infrastructure. The research, conducted by Vanson Bourne, shows a clear disconnect between reality and hype when it comes to implementing the…