RegTech Insight Blogs The latest content from across the platform
ABN AMRO Deploys PaceMetrics’ Assure Data Management Solution
PaceMetrics, a global provider of process-driven enterprise data management solutions, today announced that Dutch bank ABN AMRO has implemented its Assure solution to manage data across all asset classes. Now live, Assure will enable continuous management of pricing and reference data, including data cleansing and distribution to a large number of downstream systems and departments….
Societe Generale Securities Services Mandated by Santander Asset Management to Provide OTC Valuation and Collateral Management Services
Societe Generale Securities Services (SGSS) has been mandated by Santander Asset Management, the asset management division of the Santander Group, the 6th largest financial services group in the world by market capitalisation, to provide a range of asset servicing for its Luxembourg-domiciled funds which are administered and deposited with SGSS. SGSS has been selected for…
Mellon Capital Has Opted for Eagle’s Data Management Platform to Better Manage Risk, Says Lillard
BNY Mellon owned asset management firm Mellon Capital Management has opted to rollout Eagle Investment Systems’ data management platform in order to help the firm better manage risk and regulatory change, according to Linda Lillard, deputy chief operating officer at Mellon Capital. The San Francisco-based firm is already using Eagle’s performance measurement and attribution system…
Ball is in Swift’s Court to Convince of the Benefits of the BIC as an LEI, Says SEB’s Strandberg
Christine Strandberg, global product manager at SEB Global Transaction Services, reckons Swift has a job to do to convince the market of the benefits of its Bank Identifier Code (BIC) as a legal entity identifier. However, she is confident that due to the experience of the industry network operator in the standards development process, Swift…
CESR Reaches Out to Credit Ratings Agencies to Elaborate on Data Requirements for New Repositories
Following the passing of the European Parliament and Council Regulation on Credit Rating Agencies (EC 1060/2009) at the end of last year, the Committee of European Securities Regulators (CESR) has been charged with setting in place a new reporting regime for ratings agencies to provide information on the historical performance of their credit ratings issued…
Tullett Prebon’s OTC Valuations Opens Sales and Client Service Offices in London and New York
Tullett Prebon today announces that OTC Valuations Ltd (OTC Val), its technology driven services firm providing independent price verification services to clients globally, has opened sales and client service offices in London and New York. The openings mark an immediate expansion of the business, following the recent acquisition of Vancouver based OTC Val by Tullett…
Broadridge Signs Agreement to Acquire NewRiver
Broadridge Financial Solutions announced today that it has signed an agreement to acquire NewRiver, a leader in electronic investor disclosure solutions, for approximately US$77 million. The merger agreement, which was signed last night, has been approved by the boards of directors of both companies, and the transaction is expected to close in August subject to…
SEB’s Strandberg is Unsure About the Benefits of XBRL for Corporate Actions STP
Some in the market may be convinced of the benefits of XBRL for the entire corporate actions process (see our interview with BNY Mellon Asset Servicing’s Paul Bodart for example), but not everyone agrees that it is the key to increasing end to end straight through processing (STP) in the space. Christine Strandberg, global product…
Industry Groups Petition Against CESR’s Proposed Client Categorisation Regime Changes Under MiFID
Industry groups and associations including the Alternative Investment Management Association (Aima), the Association for Financial Markets in Europe (AFME) and the Futures and Options Association (FOA) have all indicated that they do not wish the Committee of European Securities Regulators (CESR) to push ahead with its proposed changes to the MiFID client categorisation regime as…
Mellon Capital Selects Eagle’s Data Management Solution Following Successful Performance Project
Eagle Investment Systems, a provider of financial services technology and a subsidiary of BNY Mellon, today announced that Mellon Capital Management Corporation has selected Eagle’s data management platform in addition to the vendor’s performance measurement and attribution system currently in operation. Improved data management remains a priority for investment managers as the financial services industry…