RegTech Insight Blogs The latest content from across the platform
Risky Business
No matter where you turn these days, you’re bombarded with solutions that promise to offer better risk management capabilities and nowhere more so than the data management community. So far this year, the sheer volume of reports linking the idea of risk management with better data management is indicative of this trend in the market….
Reference Data Getting its Day in the Sun, Marcus Evans Delegates Told
Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference on 12 February. Taylor, who was chairing the event, indicated that increased regulatory…
OCC is Selected as New Options Symbology System Operator
Following the furore surrounding the establishment of an alternative standard to the Options Price Reporting Authority (Opra) code last year, industry participants have finally selected a suitable candidate to operate the new symbology allocation system. There were ongoing discussions throughout 2008 about the lack of agreement on the basics surrounding the introduction of a new…
Bankers Almanac Re-launches Due Diligence Repository with Wider Coverage and Enhanced Audit Processes
Bankers’ Almanac has re-launched its industry Know Your Customer (KYC) solution, the Due Diligence Repository, with added data coverage and enhanced audit processes aimed at reducing the need for re-checking of documentation. The vendor indicates the new additions have been developed with the assistance of industry practitioners from the Wolfsberg Group and the member banks…
Regulation and Risk Will Force Banks and Hedge Funds to Tighten EDM Controls, Says Tabb Group
Current market conditions and the threat of impending regulatory changes will force banks and hedge funds to revise their enterprise data management (EDM) strategies to improve transparency, according to recent research from analyst firm Tabb Group. Adam Sussman, director of research at the firm and author of the report, reckons requirements for better risk management…
Majority of RDR Readers Facing Decreased Data Management Budgets for This Year
The majority of Reference Data Review readers will have to do more with less this year in terms of budget for their data management projects, according to the results of our latest reader poll. The respondents to our January poll indicate that 62% of readers are facing cuts to their budgets for 2009. The financial…
SEC and FASB Work Towards Mark to Market Guidelines
Despite the ongoing controversy surrounding the US mark to market accounting rules over recent months, legislators have thus far refused to give up on them. Last week, the chairman of the US Senate Banking Committee, Christopher Dodd, confirmed that the rules would be modified but the underlying standards would remain in place. The rules have…
NYSE Euronext and Eurex Indicate Concern Over Derivatives Regulation, CDS CCP Debate Continues
Two of the contenders in the credit default swap (CDS) clearing counterparty (CCP) race, NYSE Euronext and Eurex, have expressed their concern about a draft bill in the US aimed at expanding derivatives regulation. The firms are worried that the regulation, which would require mandatory clearing of most OTC products, would have the unintended consequence…
Buy Side and Sell Side are Experiencing Similar Pain with Regards to Document Management, Says Markit
Given the increased market focus on counterparty risk this year, firms are now beginning to spend more on the efficient management of their documentation processes, according to a recent survey by Markit. Good news then, for the vendor, which launched its Markit Document Exchange service in May last year. Penny Davenport, managing director and head…
Risk Management and Error Reduction are Key Drivers for Investment in Data Management, Says Aim and Interactive Data
Improving reference data quality in order to reduce errors is the primary reason why financial institutions have recently been engaging in reference data management projects, according to the results of Aim Software’s annual survey for 2008. Of the 340 respondents to the survey, 70% highlighted cited data quality as a key focus for these projects,…