RegTech Insight Blogs The latest content from across the platform
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…
MiFID: Will Firms be Ready by April 30, 2007? By Dr. Anthony W. Kirby, Founder, RDUG
The European Union’s pending MiFID initiative, or the Markets in Financial Instruments Directive, replaces the Investment Services Directive (ISD), which was originally adopted in 1993. The ISD defined “home” and “host” state regulators, establishing the conditions under which authorized investment firms and banks could provide specified services in other EU member states on the basis…
Bear Stearns to Implement GemStone For Risk Data Latency
Bear Stearns plans to implement GemFire Enterprise from data infrastructure company GemStone to manage in-memory data across its enterprise applications, initially focused on Global Clearing and Settlement Risk Analytics as well as Program Trading. Bear Stearns realised its daily batch-oriented risk reporting was coming under strain as trading volumes increased and regulatory requirements became more…
Progress Made, But More Needed For Difficult, Dull, Deadly CAs
Difficult, dull and deadly – that was how corporate actions were described at a breakfast seminar held by CityCompass earlier this month. Of course, we don’t necessarily agree with the full statement, but difficult they certainly can be. Progress is being made, however, towards the automation of corporate actions processing, reported participants of the event….
EUSD: Are You Ready? By Gary Wright, MSI, Managing Director, CityCompass Research
For those not quite up to speed, EUSD stands for the European Union Savings Directive and it impacts just about all financial services firms who act as collecting or paying agents in capital markets within the European Union. These paying agents – including banks, building societies, corporations issuing bonds that pay interest on certain instruments…