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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….
Soliton Enhances TimeSquare For Basel II Compliance
Soliton has enhanced its TimeSquare data management service to include an off-the-shelf cross-reference data model and cross-referenced ratings data to ensure credit risk compliance for Basel II. The cross-reference data model allows for the integration of multiple data vendor feeds using their proprietary identifiers, as well as supporting cross-referencing to other industry identifiers. It also…
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…