RegTech Insight Blogs The latest content from across the platform
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….
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…
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,…
Changes at Cicada; Schachne, Bhimani Leaves; Redfern, Stacey Transfer to CPL
There have been changes at Cicada as Bruce Schachne has left his role as vice president of global sales to join Standard & Poor’s as vice president of marketing in the global market development division of its ratings group. Hubert Holmes will now resume the global sales management role in addition to his business development…
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…
Osney Event: Buy-Side Discuss Reference Data Resource, ROI
The resources of the buy-side often can’t compare with those of the sell-side when it comes to reference data management and measuring the cost impact of bad data in order to justify data management projects. This was one of the messages from a recent Technology Solutions for Asset Management (TSAM) conference organized by Osney Media….