RegTech Insight Blogs The latest content from across the platform
RBC has Calendars, Entity Data, Client Onboarding and Issue to Issuer Data Linkages on Agenda, Says Sutton
Following her appointment as Royal Bank of Canada’s (RBC) new global head of reference data at the end of last year, Julia Sutton has been busy with plans to automate key areas of the bank’s customer data management. Sutton explains that she has been afforded a valuable window of opportunity within RBC to drive forward…
DTCC Warehouse Finally Recognised by Fed as Data Repository for OTC Instruments
It may have taken a solid year of campaigning but the Depository Trust & Clearing Corporation (DTCC) has finally been granted approval by the Fed to set up a subsidiary to operate its Trade Information Warehouse as a data repository for OTC credit derivatives. The new subsidiary, which has been dubbed the Warehouse Trust Company,…
SCV Reforms will Require Lots of New Counterparty Data Linkages and 25 New Data Fields, Says JWG’s Di Giammarino
The UK Financial Services Authority’s (FSA) incoming Single Customer View (SCV) reforms, which are part of the Financial Services Compensation Scheme (FSCS), will require financial institutions to introduce a raft of new data linkages in order to consolidate customer data into the required reporting format, said PJ Di Giammarino, CEO of JWG at last night’s…
Accuity Enhances SSI Presentment in the Global Banking Resource
Accuity, a provider of payment routing data, AML screening software and services is pleased to introduce new enhancements that have been made to its industry leading online payment look up tool, the Global Banking Resource (TGBR). The Correspondents page on TGBR has been reconfigured to allow users to more easily associate correspondents with specific beneficiary…
UK FSA Pledges Commitment to Support Vendor Community in Data Space
There may be troubles ahead for the UK Financial Services Authority (FSA) with the impending departure of current CEO Hector Sants in the summer, but, in the meantime, the regulator has pledged to support the data vendor community in adapting to the new regulatory order. To this end, the regulator is strengthening its efforts around…
CESR Contemplates Extending Transparency Notifications to More Instruments, Additional Data Reporting Required
As part of its review of the Transparency Directive, the Committee of European Securities Regulators (CESR) has indicated it may extend transparency requirements to include instruments that create a similar economic effect to holding shares. This would mean that more data would be required in the effort to disclose entitlements to acquire shares as part…
Raising the Practical Challenges of CEBS’ Risk Related Proposals
Next month, industry practitioners will have four opportunities to provide feedback to the Committee of European Banking Supervisors (CEBS) on its risk related proposals, including those around concentration risk and stress testing. The regulatory body has organised four separate hearings at its London premises to garner feedback on a number of its recent consultation papers,…
Counterparty Risk Managers Need Greater Access to Credit Risk Data Within Buy Side Firms, Says Fitch Solutions’ Di Giambattista
There is a clear need within the counterparty risk manager community for more tools and better access to data related to credit risk analytics, according to Jonathan Di Giambattista, managing director of risk and performance analytics at Fitch Solutions. Di Giambattista bases his judgement on a recent survey of 85 counterparty risk managers in buy…
Market Data Capacity – 2009 Review, 2010 Outlook
From the safe distance of February 2010, we can look back at 2009, rake over the coals and think carefully about what lies ahead in 2010. Before I start my survey, I must point out that I am indebted to the Financial Information Forum and its membership, especially the exchanges, for providing a vast array…
BNY Mellon’s Richmond Talks up Recent Investment in Valuations Capabilities and Importance of Data Centralisation
BNY Mellon Asset Servicing has invested in its client and regulatory reporting systems as a result of valuation and regulatory changes such as FAS 157 and FAS 132R-1, explains Chris Richmond, managing director of global product accounting for the fund administrator, to Reference Data Review. This has involved a significant investment in automating the upload of…