RegTech Insight Blogs The latest content from across the platform
Algorithmics Partners with Banks For Credit Risk Data Initiative
Algorithmics has entered an agreement with the Pan-European Credit Data Consortium (PECDC), a credit risk data pooling initiative by European banks, to provide products and services to help satisfy pending Basel II IRB requirements for the staging, structuring and validation of historical default, loss and recovery data. Under the agreement, each PECDC member bank will…
AIM Gets Into Corporate Actions
AIM Software has introduced a new module to manage corporate actions data within its GAIN data management platform. The Gain Corporate Actions Dairy System (CADS) will manage corporate actions data delivered in ISO 15022 or other formats. The data will be sourced from a variety of providers including Swift, Telekurs Financial, Reuters, FT Interactive Data,…
Reference Data Review in Action At WFIC Conference Sessions
See Reference Data Review and the editors at this year’s World Financial Information Conference (WFIC) organized by the FISD in Rome. A-Team’s very own editor Angela Wilbraham will be moderating two panels on Wednesday 12 October, so mark your calendars. The first – The EDM Council: Senior level executives join the reference data fray, at…
London Stock Exchange Enters Counterparty Service Pilot Tests
The London Stock Exchange is entering pilot testing of a new counterparty data matching and cleansing service, in a bid to further expand its reference data services. Though the Exchange has not yet officially announced the development as it aims to validate the space and its product first, Reference Data Review understands that it demonstrated…
JPMorgan WSS Launches Sites For Compliance Officers
JPMorgan Worldwide Securities Services has introduced two new websites targeted at chief compliance officers to help them meet various mutual fund compliance requirements. The U.S. Securities and Exchange Commission requires mutual funds to appoint COOs and implement comprehensive policies and procedures to prevent fund companies and advisors from violating SEC regulations and securities laws. The…
What’s new about the importance of reference data? Not so much as is touted. By Maryann Houglet, Director of Strategic Consulting, A-Team Group
A recent industry periodical spoke of data as “ubiquitous”… touching all corners of an enterprise and becoming the lifeblood of an organization.” Having spent my 25-year career at various securities data vendors, there’s nothing new here. Data has always driven investment decisions, transaction processing, back office operations, securities administration, accounting, compliance, reporting and so on….
The Impact of MiFID
Markets in Financial Instruments Directive (MiFID) has been described as pure cost pain for little liquidity gain by some. What might the impacts be for the financial services firms in terms of conduct of business, data management and best execution and order-handling processes? asks Dr Anthony W Kirby, Fellow of European Think Tank Promethee and…
Credit Suisse First Boston’s Data Group Define Processes For Global Entity Data Client
Credit Suisse First Boston’s (CSFB) reference data group has been working to define processes for managing client entity data globally. The project was driven by a decision within CSFB to centralise the client account opening process three years ago, which highlighted the need for a consistent approach to managing the data attributes related to each…
Case Study: Standard Bank Centralises Client Information
South Africa’s Standard Bank is expanding its international franchise, and in order to support its international efforts, the bank has reengineered its reference data operations. A key project undertaken over the past year has been to put together a global Client Information File (CIF) in order to provide a single, global view of its clients…
Canadian Depository Offers Direct Access to Reference Data
The Canadian Depository for Securities (CDS) – the world’s oldest securities depository – is gearing up to begin distribution of information services beyond its membership base. The depository is introducing direct availability of its corporate actions and other relevant data it collects to non-members. CDS handles all Canadian debt and equity markets, including private issues,…