A-Team Insight Blogs The latest content from across the platform
SmartStream Announces Partnership with Longtop to Distribute TLM Solutions Across China
SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has formed a new partnership with Longtop, a software development and solutions provider targeting the financial services industry in China. Longtop will integrate SmartStream’s suite of Transaction Lifecycle Management (TLM) solutions to complement its existing technologies and services. Longtop’s expertise across the financial…
UK FSA’s Living Wills Deadline Creeps Closer, Data Challenges Incoming
Six of the UK’s largest banks will be required to submit their preliminary draft recovery and resolution plans to the UK Financial Services Authority (FSA) next month as part of the regulator’s living wills pilot programme. In order to be able to submit these drafts by the end of October, HSBC, Barclays, Royal Bank of…
FOW TRADEdata in Dialogue with Bloomberg to Incorporate Identifiers into Xymbology, Says IPUG
Following its letter to petition Bloomberg to allow its symbology to be included in FOW TRADEdata’s service Xymbology, the Information Providers User Group (IPUG) indicates that a dialogue has begun between the two vendors to incorporate both the BUID and the new Bloomberg Global ID (BBGID), which is at the heart of its open symbology…
SEC Adopts Temporary Rule Requiring Municipal Advisors to Register With Agency
The Securities and Exchange Commission today announced that it has adopted a temporary rule requiring municipal advisors to register with the SEC by 1 October, a deadline established by the newly-enacted Dodd-Frank Wall Street Reform and Consumer Protection Act. Municipal advisors provide advice to state and local governments and other borrowers involved in the issuance…
Cost of CFTC OCR Customer Data Collection Proposals is Too High, Says FIA’s Damgard
The cost of the Commodity Futures Trading Commission’s (CFTC) proposals to introduce new customer data reports, dubbed the account ownership and control report (OCR), is likely to represent a “significant burden” for market participants in the futures industry, according to Futures Industry Association president John Damgard. In a letter sent to CFTC secretary David Stawick…
B-Next Releases MACOC:DOC Application for Cost Effective Reporting for FSA Arrow Visits
B-next, specialists in software solutions to manage risk and meet regulatory compliance, announces today the release of MACOC:DOC, an application with the capability to demonstrate detailed reporting for FSA ARROW visits and complete management of all capital markets compliance processes. b-next has partnered with arvato systems Technologies (a Bertelsmann company), an international media and communication…
Does the European Commission’s “Control Tower” Need a Data Utility Foundation?
This week the European Parliament and Council negotiators have agreed a package of plans to boost the regulatory community’s control of the financial markets, in line with some of the changes going on in the US. One of these has been to plan for the establishment of the European Systemic Risk Board (ESRB) by January…
US SEC Charges Broker-Dealer Pinnacle Capital Markets with AML Related Customer Data Management Failings
In a move that mirrors some of the actions being taken across the pond with regards to customer data infractions, the Securities and Exchange Commission (SEC) has charged US-based broker-dealer Pinnacle Capital Markets with failing to comply with a key piece of anti-money laundering (AML) legislation and forced it to pay out a US$25,000 fine….
RBS Focuses on Data Quality in Order to Better Support its Risk Function
In addition to its entity data management project, the Royal Bank of Scotland (RBS) is also working to improve the overall quality of its reference data as part of its One Risk project. Mark Davies, head of reference data at RBS, explains to Reference Data Review that the firm’s risk function prompted the move, which is…
Feedback for Regulators on Entity Identification Standards is Important, Says RBS’ Davies
In order to ensure that the industry isn’t faced with just another unique identifier to map to, data managers need to take action and provide feedback on their requirements to the regulatory community, according to Mark Davies, head of reference data at Royal Bank of Scotland (RBS). Davies, who is an active member of think…