Data Management Insight Blogs The latest content from across the platform
SEC to Mandate Adoption of XBRL Financial Reporting For Large Publicly Listed US Firms
The Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting by 15 December. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag their financial…
A question of semantics
It has been all go on the standards front this month, what with the release of the “industry roadmap”, ongoing discussions on the future of the business entity identifier (BEI) and a veritable cartload of progress updates from the EDM Council. The buzzword of the moment seems to have quietly become “interoperability”, rather than “convergence”,…
Introduction of BEI Beyond Industry’s Level of Maturity, Research Warns
Regardless of an understanding of the benefits of introducing a standard business entity identifier (BEI), the industry is as yet unconvinced that the cost of its introduction is justifiable. That is the message that the EDM Council, consultancy firm Bearingpoint and Swift heard loud and clear during interviews conducted with 15 international financial institutions as…
Stuart Clark Announces Retirement as CEO of Interactive Data
Stuart Clark has announced his plan to retire next year after 14 years at the helm of data services vendor Interactive Data. Clark has worked for the vendor or one of its predecessor companies for over 40 years. The nominating and corporate governance committee of the board will identify and screen potential successors over the…
DIFC’s DClear Releases Plans for Reference Data Utility
DClear, the wholly owned subsidiary of the investment arm of the Dubai International Financial Centre (DIFC), has released plans for a reference data utility for the global financial market. The aim of the project is to provide a shared copy of reference data among financial market participants on both the buy and sell sides. It…
Markit Appoints Charles Longden as MD for Fixed Income and Credit
Markit has appointed Charles Longden as managing director in fixed income and credit. Longden joins Markit from ABN AMRO where he worked for 12 years, most recently as global head of credit trading and eco-markets. In his new role Longden will focus on expanding the firm’s fixed income and credit businesses. He will also develop…
EDM Council Releases Details of Semantic Repository Project
The EDM Council has released a report concerning its plans for a new online semantic repository, which will identify all data attribute terms and definitions used by financial institutions for business processing, investment decisions, scenario modelling, risk management and portfolio valuation. The initial draft of the repository is due to be released at the end…
Markit Adds License for RED for Smaller Firms
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has released a new license for its Reference Entity Database (RED) aimed at smaller buy side firms. Under the terms of the new license, asset managers with low credit default swap (CDS) trading volumes that use DTCC Deriv/SERV for trade confirmation will gain access to…
Markit Appoints Charles Longden
Markit has appointed Charles Longden as managing director in Fixed Income and Credit. Longden joins Markit from ABN AMRO where he worked for 12 years, most recently as global head of credit trading and eco-markets. He was the chief architect of the iBoxx CDS Notes, the forerunner of the iTraxx CDS indices which Markit now…
LakeFront Data Ventures and ReferenceDataFactory merge to form LakeFrontData
Data management consultancy LakeFront Data Ventures (LDV) and data integration vendor ReferenceDataFactory (RDF) have merged to form EDM specialist firm LakeFrontData. LDV founder and former SunGard EDM man Dale Richards has become president and CEO of the new company and fellow colleagues and ex-SunGard veterans Marc Odho and Rob Ord have been appointed head of…