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Shipperlee Rejoins S&P as European MD for Risk Solutions
Stuart Shipperlee is rejoining Standard & Poor’s as its new European managing director for the Risk Solutions division, based in London. Shipperlee, who will report to Gary Kearns, global leader for Credit Risk Services, was previously managing director of European operations for U.S. insurance ratings agency AM Best, and before that spent 10 years at…
Standards: Are They Worth the Effort?
Much of the industry talk about reference data focuses on standards, and much work has been done to develop and propagate them. But is this work worth the effort? If the industry does not adopt the standards, they are, obviously, of no use. ISO 15022 for corporate actions is a current example of a standard…
CSFB Latest Firm to Use DTCC’s Corporate Actions Service
Credit Suisse First Boston has become the sixth company to sign up for the Global Corporate Actions Validation Service from the Depository Trust and Clearing Corporation (DTCC). Joseph Porcello, director of asset servicing for CSFB in the U.S., says, “By signing on to GCA Validation, we’re looking to eliminate the time-consuming, manual process of reconciling…
Survey Finds Cost, Regulatory Compliance Key Drivers
A recent survey, conducted by Sun Microsystems and Morse, found that cost reduction and regulatory compliance are the key drivers of current business strategy. The findings are in line with those of A-Team’s survey Reference Data Now, commissioned by Reuters and available on their website (http://about.reuters.com/datascope). The Sun survey, conducted among 50 financial institutions, consultants,…
Counterparty Link Raises the Bar For Counterparty, Entity Data
The launch a few weeks ago of a new company and eponymous data product, CounterpartyLink, signifies the growing demand for counterparty and legal entity data, fuelled by increasingly stringent regulatory requirements. To date, the main source of legal entity data has been Dun & Bradstreet’s Duns numbers, and more recently the joint Crosswalk initiative it…
The Need for Governance in Data Centralization Projects Selected extracts of a white paper by Steve French, Azimuth Financial
Many organizations have attempted to create centralized data groups (CDGs) responsible for sourcing, maintaining and distributing core data to all departments. There are clear reasons for doing this: efficiency, consistency, data quality, risk and regulatory compliance. However, despite all of these drivers, very few organizations have created CDGs. Of the top 20 investment banks (as…
Reuters Pulls Together Reference Data; Real-Time Feeds for Enterprise Solution
With the growth rates of Reuters Datascope business “turning heads” internally, its manager has now been charged with taking over Reuters’ real-time data feeds business which will be merged with the reference data business under the “Reuters Enterprise Information” banner. The move marks recognition by Reuters of the way its clients are increasingly doing business:…
The Appliance of Science to the Enterprise
The era of enterprise data appears to be dawning – finally. Listening to John Fleming talk at an industry event in New York, it began to occur to us that the world is finally understanding the importance of data, not for its own sake, per se, but as an enabler. Fleming’s project at Morgan Stanley…
The World According to RDUG
Corporate Actions has rightfully been in the limelight of late. The RDUG Corporate Actions Working Group has just released an Interim White Paper with the assistance of both practitioners and suppliers which examines the benefits of automation and presents a breakthrough in mapping electronic document templates upstream to ISO 15022 messaging downstream, comments Dr Anthony…
Cicada Hires Mahoney, Promotes Schachne, Moves Bennett
Carole Mahoney has joined the sales team of data management technology firm Cicada in London. Mahoney joins from Soliton, where she was director of UK sales. Prior to that, she was with Reuters for 12 years in various sales marketing and product management roles. At Cicada, Mahoney will become vice president of European Sales reporting…