RegTech Insight Blogs The latest content from across the platform
Financial Service Firms Able to Significantly Improve Trade Lifecycle Management Through Partnership Between Misys and SmartStream
Misys, a global application software and services company, today announces that it has partnered with SmartStream Technologies to deliver improved risk control and greater efficiency across the entire trade transaction lifecycle. The partnership brings together two leading software providers to deliver a range of solutions that provide broad connectivity to market participants and exchanges, improve…
Vendors are Having to Prove Their Worth in Burgeoning Corporate Actions Market, Says SmartStream’s Phillips
Firms in the US and Europe are seriously scrutinising the vendor solutions in the corporate actions space because of the pressure they are coming under from a risk management and data volume perspective, says Paul Phillips, senior business development consultant at SmartStream Technologies. The vendor has recently commissioned A-Team Group to conduct research into the…
UK FSA Slaps JPMorgan with £33.32m Fine for Client Money Rules Infractions
As if it was a warning shot to those dragging their heels in meeting the UK Financial Services Authority’s (FSA) recent call for firms to provide more data about their management of client assets, the regulator has this week fined JPMorgan Securities Limited £33.32 million for breaches of its client money rules. It is the…
SunGard Adds New Corporate Actions Feed to MarketMap Market Data Solution
SunGard has expanded the market data content of MarketMap, its multi-asset market data, analysis and information services solution, with the addition of a new global corporate actions data feed from Exchange Data International (EDI), a provider of back office securities and administrative data. According to EDI, the feed covers data for 78,000 equities, 4,100 depository…
BIS Working Paper Highlights the Challenges in Data Aggregation for Systemic Risk Monitoring
The current regulatory focus on improving the monitoring of systemic risk at a global level is certainly a laudable aim, but the practical reality of drawing together a unified database that provides risk exposure data at an industry wide level is easier said than done. A recent Bank for International Settlements (BIS) working paper, written…
Schapiro Confirms SEC is Still on Course to Meet 2011 Deadline for Decision on IFRS
Earlier this year, Securities and Exchange Commission (SEC) chairman Mary Schapiro indicated that the regulator would be kicking off research efforts into how best to move the US towards adopting International Financial Reporting Standards (IFRS). This week, Schapiro has confirmed that despite the revised standards development timetable announced by the Financial Accounting Standards Board (FASB)…
SunGard Completes Year Long Integration of EDI’s Corporate Actions Data into MarketMap
Vendor giant SunGard has finally completed a year long integration project focused on expanding the content of its market data solution MarketMap to cover corporate actions data from Exchange Data International (EDI). Robert Jeanbart, global head of market data and information services for SunGard’s global trading business, explains to Reference Data Review that the integration was…
Accenture’s Five Steps to Data Analytics Heaven
Given the regulatory attention being directed at the industry’s dealings with its data fundamentals (see the host of recent reference data related fines and proposals for the establishment of data utilities for proof), it is no surprise that consultants have been quick to highlight other industries from which the financial services industry can learn a…
DTCC Posts Data Industry Will Use to Increase Clearing of Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) announced today that it will post this evening on its website, www.dtcc.com, data compiled from CDS trades registered in DTCC’s Warehouse Trust Company LLC at the request of market participants who will use it to assess which of the various single reference entities might have sufficient liquidity to…
Primevest Adopts Broadridge’s Portfolio Accounting and Performance Reporting Service
Broadridge Financial Solutions today announced that Primevest Financial Services, a leader among broker-dealers dedicated to serving financial institutions, has implemented Broadridge’s Aspire Portfolio Accounting and Performance Reporting service. Primevest can now use the integrated service both to comply with new IRS requirements and to provide sophisticated performance reporting to their more than 400,000 accounts. “As…