RegTech Insight Blogs The latest content from across the platform
IBEI Suppliers Tout Their Wares At London Gathering
A number of suppliers of business entity identifiers got together to tout their wares to a small assembled crowd of practitioner firms in London earlier this month under the ISITC banner. Although there is an ISO process underway for a naming convention related to International Business Entity Identifiers (IBEI), this is a slow process and…
Cicada Packages KYC Solution…
Cicada is packaging its data management software and data cleansing team to offer a purpose-built Know Your Customer (KYC) solution. The framework will provide configurable, rules-based workflow schema to help financial institutions manage their client data review process, as well as keep an audit trail and source attribution details. The solution can manage both internal…
Progress with MiFID as First Working Group Held
The MiFID – Markets in Financial Instruments Directive – Joint Working Group efforts (Reference Data Review, April 2005) were kicked off earlier this month with the first meeting being held in London, and tasks being assigned to participants. The forward-looking objectives of the group, according to the group’s chairman Chris Pickles, are four-fold. They are,…
One Month To Go ’Til EUSD; Industry Still Not Ready
With just over 30 days to go before the EU Savings Directive (EUSD) comes into effect on July 1st 2005, it appears the industry is far from being prepared. The impact of not being ready could at best result in financial institutions paying too much tax and having to deal with refund claims from customers,…
Paris Moves On From Deutsche Bank
David Paris has left Deutsche Bank where he was global head of information management services within the bank’s global technology and operations group, based in London. In this role he had worked on the data management initiatives focused on meeting regulatory requirements of KYC and Anti-Money Laundering. No word yet on where he plans to…
SIIA/FISD to Findac: This industry ain’t big enough for the both of us.
Despite much fanfare, the idea of another industry association focused on market and reference data in the form of Findac has petered out before it even started. After testing the waters for a couple of months, Mike Atkin’s Financial Data Coalition (RDR, February 2005) concluded that it would not be able achieve critical mass, and…
Should the Registrars Become a Data Vendor? By Gary Wright MSI, CityCompass Research
The problem with data in the securities industry today is there is too much of it coming from too many different sources and in too many different forms. The cost therefore of gaining the data you want and need, has never been greater and this is in the 21st Century with the world of the…
Russell/Mellon Adopts Citadel’s Cadis Platform To Support Index Data, Performance Measurement
Russell/Mellon has become the second subsidiary of Mellon Financial Corp. to purchase data management product Cadis from Citadel Associates. Cadis is being used across the range of index data services and performance measurement solutions at Russell/Mellon. The data management product is helping to streamline data operations internally, and will also become a component of Russell/Mellon’s…
It’s MiFID Mania
We first got wind of the MiFID directive at an industry roundtable discussion about reference data a little while back. There, our old friend Colin Wright of the Information Providers User Group (IPUG) innocuously raised the question of transparency for internally matched trades. The look of puzzlement on the faces of the industry practitioners at…
Vanguard Group Opts for BMC For Data Management
Mutual fund company Vanguard Group has implemented an enterprise data management platform using BMC Software’s Log Master for DB2. The platform streamlines the firm’s complex data environment into a single repository. The data relates to shareholder accounts, and was previously stored in multiple database, files, tapes and platforms. Vanguard has around $800 billion under management…