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US NIF and ECB’s Reference Data Utility Need Clarity and Strong Leadership, Says JWG-IT’s Di Giammarino
In order to have any hope of succeeding in achieving their goals of introducing greater data standardisation in the market, the US National Institute of Finance (NIF) and the European Central Bank (ECB) will need to provide a great deal more clarity around the benefits of their approaches, says PJ Di Giammarino, CEO of think…
US Government Sends Final OTC Derivatives Regulations Proposals to Congress
Following the publication of its white paper on an overhaul of the OTC derivatives regulatory regime last month, the US government has finally sent its proposals to Congress, which will vote on them once it returns from its August recess. The proposals include requirements for the more vanilla end of the spectrum of these instruments…
Datanomic Adds Two Key Appointments to Senior Management Team
Compliance screening and data management specialists, Datanomic, today announced two new key additions to its senior management team as it prepares for further global expansion. Peter Jost joins Datanomic as director of operations, and Neil Matthews has been promoted to director of pre-sales. The appointments will play an important role in managing and executing the…
Markit and DTCC Plan Launch of Combined Trade Confirm and Workflow Platform for September
Following the signing of a partnership agreement in July last year, Markit and the Depository Trust & Clearing Corporation (DTCC) have finally announced the launch date for their joint venture in the derivatives trade processing space. The vendors will be launching MarkitServ, which combines DTCC’s DerivServ workflow platform and the (ex-Swapswire) Markit Wire trade confirmation…
DataFlux and Comsys Form Alliance to Provide Enterprise Data Management Solutions
DataFlux, a provider of data quality and data integration solutions, and Comsys IT Partners have announced an alliance to provide DataFlux technologies to Comsys clients. With DataFlux technology, Comsys will have expanded capabilities to provide creative tactical and strategic solutions in data quality, data integration and master data management (MDM). Vince Verna, vice president of…
Macquarie Wrap Launches Online Election Service for Corporate Actions
Australian bank Macquarie’s investment platform business, Macquarie Wrap, has launched a new online election service for corporate actions. The aim of the new service is to expedite the processing of corporate actions for listed equities and improve the efficiency of advisers and their support staff, says Doug Chang, head of product for Macquarie Wrap. The…
NIF Off to a Slow Start with Only 44 Signatures: Is the US Convinced it’s the Answer to Reference Data Standardisation?
As the industry discussions continue around the European Central Bank’s proposed reference data utility, across the pond another similar campaign is attempting to drum up support for its own data standardisation initiative. The Committee to Establish the National Institute of Finance is canvassing for industry participants to sign its petition to launch (you’ve guessed it)…
Myners’ Voting Rights Proposals Could Pose Significant Data Challenges
The UK’s Financial Services Secretary Paul Myners’ proposals to establish a two tier shareholder register could add another layer of data complexity for financial institutions operating in the market. The proposals are aimed at ensuring longstanding institutional investors receive greater voting clout than short term investors and preventing the increase in what Myners calls “ownerless…
HSBC Poaches JPMorgan’s Data Guru Serenita for Global Entity Services Role
Long-time data services stalwart and JPMorgan veteran, Peter Serenita has finally jumped ship to take up a new role at HSBC. After 28 years of loyal service at JPMorgan, Serenita has been poached by HSBC to take on the role of managing director and global head of Entity Services for its Global Banking and Global…
US Senate Banking Committee Closes Last Hearing of Summer with Ratings Agencies Discussions
During the last hearing before its August recess, the US Senate Banking Committee examined the current proposals circulating within the US regulatory community concerning ratings agencies. The Committee is expected to push through legislation on the subject in the autumn but took the opportunity this week to give the ratings agencies a further ear bashing….