RegTech Insight Blogs The latest content from across the platform
Cadis Heads to Australia with BTIM Signing
Top Australian fund manager BT Investment Management (BTIM) has selected Cadis to build its centralised data management platform. Phil Stockwell, chief operating officer, BTIM said, “This is the first step to building a long term enterprise data management capability, enabling business growth, improving operational efficiency and providing quality data to support our investment teams.” The…
Netik Adds Another Ex-Deutsche Bank Exec Manaktala to Lead Expansion of Bangalore Operations
Following the exit of former CEO John Wise, former president Colin Close and long serving exec Keith Hale earlier this year, data management outsourcing solution vendor Netik had some serious management shoes to fill and, to this end, has added another ex-Deutsche Bank exec to its ranks in the form of Ishan Manaktala. Manaktala joins…
UK FSA’s Risk Head Dewar Sends Out Second Warning on Client Assets; Three Strikes and You’re Out…
As part of its tougher stance towards the market and in a follow up to a related “Dear CEO” letter sent out in January, the UK Financial Services Authority’s (FSA) managing director of risk Sally Dewar has sent out another letter warning firms to respond to its request for information on their management of client…
SGSS’s Rose Elaborates on Challenge of Determining Fair Valuations
Société Générale Securities Services (SGSS) currently uses 13 data feed providers in order to price an average of 17,000 bonds on a daily basis, according to Olivier Rose, head of international projects data management for the firm. Although 80% of these valuations pose no problems for the securities services provider, 20% fall under the auspices…
Interactive Data Delivers Faster Corporate Actions
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced new enhancements to its global Corporate Actions Service. Interactive Data has introduced new technology and internal workflow to deliver comprehensive global corporate actions and related information throughout the day that can help firms with their trading strategies and more effectively…
Wolters Kluwer Focuses on ADRs, Global Coverage, XBRL and a System Redesign for 2010
Wolters Kluwer Financial Services will be spending a large part of 2010 focused on dealing with the complexities involved in the area of American Depositary Receipts (ADRs), explains Richard Ryndak, senior product manager for Capital Changes at the compliance solution provider. Accommodating changes to withholding tax regimes, work on the XBRL corporate actions project and…
September 2014 is Revised Deadline for T2S; New Directive Poses Potential Threat
As noted by Reference Data Review earlier this year, the launch of the European Central Bank’s (ECB) Target2-Securities (T2S) project has been delayed by at least a year due to a “longer than expected” development phase. Hugh Simpson, senior advisor to the T2S programme from Bourse Consult, told delegates to last week’s Xtrakter user conference that new…
SGX, DTCC Veteran Terry Gibson Joins Fiserv
Fiserv announced today that it has hired Singapore Exchange (SGX) post-trade executive, Terry Gibson, as global head of strategy for Investment Services. In this role, Gibson will lead the international business strategy and product development of the Fiserv institutional and managed account technology portfolio. As senior vice president and head of Product Management at SGX,…
Omgeo Adds Financial Services Industry Veterans to Board of Managers
Omgeo welcomes Donald Donahue, chairman and CEO of the Depository Trust & Clearing Corporation (DTCC), as the new chairman of its board of managers. Richard Macek, former executive managing director Risk and Finance for DTCC, who has served as chairman of Omgeo’s board of managers since December 2004, retires from his position, having played a…
DTCC Significantly Increases Securities Covered by Global Corporate Action Validation Service
The Depository Trust & Clearing Corporation (DTCC) announced today that it has significantly increased the number of securities in its coverage of corporate actions announced through its Global Corporate Action Validation Service (GCA VS). The GCA VS, a service of DTCC Solutions LLC, provides the largest centralised source of “scrubbed” corporate action announcement information for…