A-Team Insight Blogs The latest content from across the platform
EDM Releases Progress Update on Faulty Data Pilot and Details of Semantic Repository Project
It has been a busy month for the EDM Council, not only has it released an interim report with IBM on the findings of its project to measure the performance implications of missing or faulty data on key functions within financial institutions, it has also released details of plans for a new online semantic repository….
OTC Derivatives Push Data Management Up the Priority List for Buy Side Firms, says A-Team and GoldenSource
A large proportion of buy side firms are being compelled to re-evaluate their data management systems as a result of their use of complex instruments, according to A-Team Group and GoldenSource’s recent derivatives webinar, Derivatives: The Eye of the Data Storm. Automation is no longer a choice; it is a necessity, explained Maryann Houglet, senior…
BancorpSouth Goes Live With OTC Val’s Derivative Valuation Service
BancorpSouth Bank, a US-based commercial bank, has gone live with OTC Valuation’s derivative valuation service as part of its drive to improve its audit and valuation capabilities. The vendor has reported a good start to the year in terms of client interest as a result of the post-credit crunch focus on external sources of evaluated…
Eagle Launches Version 9.0 with Improved Workflow And Data Management
Eagle Investment Systems has released a new version of its software aimed at improving workflow and usability in its data management offering. Eagle Version 9.0 includes a redesigned rules editor and features such as the ability to handle multi-leg swaps for derivatives, a pricing option for direct access to pricing information and the ability to…
Markit Launches Counterparty/Compliance Documentation Library
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has launched a new documentation library that allows financial institutions to post, manage and share compliance, counterparty credit and regulatory documents securely. Called Markit Document Exchange, the new service automates KYC, anti-money laundering and compliance certification processes in order to reduce risk and lower operational…
Interactive Data Launches Class Actions Service Option Mapped to the ISO 15022 Format
Interactive Data has launched its class actions service mapped to the ISO 15022 format as an optional module of FTS, Interactive Data’s securities administration tool. The service is part of the vendor’s Pricing and Reference Data business and is designed to help institutions track, monitor and recover funds resulting from securities class action litigation. The…
SEC to Mandate Adoption of XBRL Financial Reporting For Large Publicly Listed US Firms
The Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting by 15 December. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag their financial…
A question of semantics
It has been all go on the standards front this month, what with the release of the “industry roadmap”, ongoing discussions on the future of the business entity identifier (BEI) and a veritable cartload of progress updates from the EDM Council. The buzzword of the moment seems to have quietly become “interoperability”, rather than “convergence”,…
Introduction of BEI Beyond Industry’s Level of Maturity, Research Warns
Regardless of an understanding of the benefits of introducing a standard business entity identifier (BEI), the industry is as yet unconvinced that the cost of its introduction is justifiable. That is the message that the EDM Council, consultancy firm Bearingpoint and Swift heard loud and clear during interviews conducted with 15 international financial institutions as…
DIFC’s DClear Releases Plans for Reference Data Utility
DClear, the wholly owned subsidiary of the investment arm of the Dubai International Financial Centre (DIFC), has released plans for a reference data utility for the global financial market. The aim of the project is to provide a shared copy of reference data among financial market participants on both the buy and sell sides. It…