RegTech Insight Blogs The latest content from across the platform
DTCC Talk up Improvements to Corporate Actions Validation Service, XBRL Initiative
The recent uptick in the corporate actions world has not gone unnoticed by the Depository Trust & Clearing Corporation (DTCC) and its Global Corporate Actions Validation Service (GCA VS) subsidiary is keen to steal a march on its rivals. Caroline O’Shaughnessy, vice president and global head of sales for Data Solutions, Asset Services, and Stuart…
CFTC and SEC Divvy up Derivatives Pie, CME’s Donohue Expresses Concern About Illiquid Derivatives
Following a brief hiatus, the turf war is back on between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Just how the two regulators will divide up the oversight of the derivatives market is currently being debated across the industry and could have wide ramifications for those involved in the…
South Africa’s Prescient Selects Eagle Investment Systems’ Access ASP
Eagle Investment Systems, a subsidiary of The Bank of New York Mellon, has been selected by Prescient to deliver its integrated investment management suite via its application service provider (ASP), Eagle Access. Prescient, with R60 billion under management in South Africa, selected the Eagle suite to streamline its growing local and global operations. Eagle will…
Euroclear Nederland Plans Launch of Shareholder Identification Service
Euroclear Nederland, the central securities depository (CSD) for all Dutch securities, is proposing to offer a service to help equity issuers identify the ultimate holders of their shares. As a result, investors would be able to more easily exercise their rights and duties as shareholders, and issuers would be in a better position to communicate…
XSP Welcomes Ex-ISITC Co-chair Martinez Back into the Fold
Following a brief stint outside the financial services industry, Laura Martinez has rejoined XSP as a senior product manager for its flagship solution, the XSP platform. Martinez, who held a co-chair position on the ISITC Corporate Actions Working Group during her tenure at XSP, will report to Jennifer Bush, senior director of product innovation and…
Interactive Data Adds New Market Data Report to Assist FAS 157 Compliance
Interactive Data’s Pricing and Reference Data business has broadened its Evaluated Services capabilities for clients with the launch of a new monthly market data report. The new offering is aimed at helping clients prepare for fair value measurements under the Financial Accounting Standards Board’s (FASB) Staff Position (FSP) FAS 157-4. FSP FAS 157-4 provides additional…
Transparency and Wider Compliance Requirements are Important in Valuations Risk Management, Says Thomson Reuters’ Clements
Firms need to look beyond merely marking to market and examine the wider implications of valuation risk on their business, according to a recent report by Thomson Reuters and Aite Group. Transparency is key to this endeavour and this relates to underlying security data and embedded credit and systemic risk, as well as pricing, explains…
Switzerland’s Banque CIC Implements Gain|Avaloq Adapter for SIX Telekurs VDF Data
Swiss bank, Banque CIC (Suisse), has upgraded its existing implementation of Aim Software’s Gain Data Management platform for an enhanced processing of SIX Telekurs VDF data in Avaloq via the Gain|Avaloq adapter. The bank, which is headquartered in Basel, has been using the Gain platform since 2002 for the processing and reporting of data from…
ICE Trust US Passes US$1 Trillion CDS Clearing Milestone
IntercontinentalExchange’s (ICE) ICE Trust US (ICE Trust) has passed the US$1 trillion milestone in cleared credit default swaps (CDS) since operations began on 9 March 2009. Open interest at ICE Trust currently stands at US$145 billion, representing an 86% reduction in notional value outstanding. ICE Trust also set a weekly clearing record of US$247 billion…
M&A and JVs Good Idea in Principle, More Difficult in Data Practice
The news this week that Morgan Stanley and Citi’s joint venture in the wealth management space, dubbed Morgan Stanley Smith Barney, will be delayed by up to two years as a result of IT integration issues, will not be news to the data management community. After all, this sector of the industry has been suffering…