Data Management Insight Blogs The latest content from across the platform
SWIFT BICPlusIBAN Directory Helps Corporates Get SEPA-Ready
At the end of 2012, it will become mandatory under SEPA to use IBANs and BICs to identify the parties to payments transactions. Corporates still using old-style account numbers in their payments messages must have migrated to the new codes by that time. This means that in very short order corporates need to validate the…
Front Office Increasingly Concerned with Corporate Actions Data Quality, Says Bloomberg’s Haddock
The front office is increasingly concerned with the quality and timeliness of corporate actions data as it assists in the identification of prime trading opportunities and risks, according to Joseph Haddock, manager at data giant Bloomberg. Speaking at this week’s CorpActions 2011 conference, Haddock noted that increasing volume of corporate actions data that is being…
ECB Might be Agnostic About How Securities Settlement Harmonisation Happens, But Standards Are Foundation
The European Central Bank (ECB) might be keen for harmonisation across the European securities settlement environment, but it is not fussy about how it gets there, said Hugh Simpson, senior advisor to the central bank from Bourse Consult at this week’s CorpActions 2011 conference in London. One important prerequisite to harmonisation is (whether it be…
Thomson Reuters’ Roche Takes On Enterprise Realtime – But Not Elektron
With Mike Powell taking over as global head of Enterprise content at Thomson Reuters Markets, long-time real-time tech head Terry Roche is stepping in to take on the role of business head for Realtime, relinquishing his former development responsibilities to Enterprise CTO David Kelly. But Roche’s remit, however, doesn’t extend to Elektron, the Enterprise group’s…
The Network Effect
Looking at the latest news from Sanford C. Bernstein, about them joining SunGard’s Global Network got me thinking a bit. First, what does the “C” stand for? Next, since I couldn’t find an answer to that first one, is where do networks from the likes of SunGard fit in the low-latency world? And it all…
Asset Control Appoints Two New Members to Board of Directors
Asset Control, provider of financial data management solutions and services, has announced the appointment of Dean Goodermote and Frank Fanzilli Jr. to its board of directors. Goodermote and Fanzilli complement and strengthen the composition of the board and bring with them additional leadership, operational insight and deep understanding of the challenges facing financial institutions today….
New Warning Over Diverging Derivatives Rules
Proposed rules for derivatives trading could push up financing costs and create “material risks” for the global economy because of a lack of co-ordination, the US and European Union have been warned by the financial services industry. The warning is contained in a letter sent on Wednesday by eight leading trade associations – including the…
The IMS Group Hires Gartmore Compliance Manager
The IMS Group (IMS), the leading regulation and compliance consultant, has hired Kim Ellis, a former senior compliance monitoring manager from Gartmore, to its Projects team. In her new role at IMS, Kim will specialise in wholesale financial markets compliance, and will cover conduct of business, client assets, collective investment schemes and market conduct. At…
Associations Warn of Harmful Effects of Extra-territoriality
Eight global and regional trade associations today called on regulators to intensify cooperation to prevent, alleviate or limit the harmful effect of overlap, inconsistency and ambiguity resulting from extra-territoriality in regulatory efforts to implement G20 commitments. Extra-territoriality is a fundamental concern in derivatives business, where it is common for counterparties based in different parts of…
Princeton Financial Systems presents DVS Fund Warehouse 6.0
Princeton Financial Systems today unveiled its latest version of DVS Fund Warehouse – a platform for data management, analysis and reporting. Version 6.0 contains many new functions that provide even greater support to Princeton Financial Systems’ customers in the areas of data management and report preparation. Improved mapping of structured products The latest version features…