Data Management Insight Brief
SEB Selects DTCC Global Trade Repository for SFTR reporting
Skandinaviska Enskilda Banken (SEB) has selected DTCC’s Global Trade Repository (GTR) service to meet its obligations under the Securities Financing Transactions Regulation (SFTR), which is expected to apply from April 2020. To streamline client adoption of the service, DTCC recently added data transformation services to its SFTR offering, providing a one-stop shop for clients’ reporting needs.
MiFIR Data in a No-Deal Brexit World – Learn More at the DMI Summit 2019
The impact of a no-deal Brexit on data requirements under MiFIR is becoming clearer – and the implications are serious. While the L1 and L2 level MiFIR regulations will remain largely unchanged, the MiFIR data reporting landscape across the EU after a no-deal Brexit will change significantly in operational terms.
Mateusz Hojda of the Business Reporting – Advisory Group will be discussing key issues that require immediate attention in a panel on ‘Reviewing the regulatory landscape and impact of Brexit: The data management response’ at the Data Management Summit 2019 on March 21. Register now and secure your place.
Solidatus Targets Asia-Pacific from Office in Singapore
Solidatus, provider of a data lineage and business relationship mapping solution, has opened an office in Singapore to address Asia-Pacific markets. The expansion comes off the back of two trade missions to Asia in 2018, both of which were at the invitation of the UK Department of International Trade. John Berven, who has experience of the region and spent 18 years at State Street Global Markets, where he managed foreign exchange sales team that covered institutional investors in Hong Kong and Singapore for five years, will lead the Singapore office and be the first Solidatus employee outside the UK.
CAT NMS Names FINRA as Plan Processor for the CAT after Dropping Thesys
CAT NMS has selected the Financial Industry Regulatory Authority (FINRA) as plan processor for the consolidated audit trail (CAT), having dumped previous plan processor Thesys Technologies earlier this year. CAT NMS, which is responsible for implementation of the CAT, has also released updated industry member technology specifications and industry member technical specifications scenarios.
ESMA Names Three UK CCPs to Offer Services in the EU Following a No-Deal Brexit
ESMA has named three UK central counterparties (CCPs) that will be allowed to provide services in the EU following a no-deal Brexit. The CCPs are LCH, ICE Clear Europe, and LME Clear and have been selected to limit the risk of disruption in central clearing and avoid any negative impact on the financial stability of the EU in the case of a no-deal Brexit. ESMA also supports continued access to UK central securities depositories (CSDs) and is in the process of selecting which ones will continue to be recognised in the EU after a no-deal Brexit.
Broadridge Report Reveals Damage of Poor Personalised Communications
Broadridge Financial Solutions has released a rather telling report for those at financial institutions responsible for customer onboarding and client lifecycle management. The report shows that personalisation in communications can make a significant impact on customer loyalty. Some 35% of 3,004 consumers surveyed in the US and Canada said companies they use need to improve communication experiences, while 25% stopped doing business with a company specifically due to poorly personalised communications, a percentage that grows to 35% among millennials.
IHS Markit Adds ESG Solution for Private Capital Markets
IHS Markit has introduced an environmental, social and governance (ESG) data collection and reporting solution for private equity (PE) firms, venture capital (VC) firms, their portfolio companies and investors. The solution is part of iLEVEL, a platform connecting participants in private capital markets. ESG reporting in iLEVEL covers 29 metrics relevant to investors seeking data from portfolio companies and PE or VC funds. The metrics include CO2 footprint, diversity in employment and independence of board members, helping general partners and limited partners apply non-financial data to their value creation and risk management processes, two areas of interest for investors.
ChartIQ Raises $17.4 Million in Series B Funding
ChartIQ, a provider of HTML5 real-time data charting software and most recently a desktop integration platform that connects disparate applications into a unified desktop solution, has completed Series B funding, led by German investor Digital+ Partners, of $17.4 million. The company will use the funding to increase hiring efforts, expand its headquarters in Charlottesville, Virginia and invest in research and development. It currently employs 50 staff globally and includes nine of the largest global investment banks among its customers. In total, ChartIQ has raised over $20 million in funding since its founding in 2012.
RIMES Names David Brierwood as its First Chairman of the Board
RIMES Technologies has appointed David Brierwood as its first chairman of the board. He has been a member of the board since 2015 and was formerly chief operating officer at MSCI. As chairman, Brierwood will help set the strategic direction of RIMES managed data services business and ensure effective communication between the board, executive team and other key stakeholders. He brings expertise in risk management, business operations and leadership gained from a career spent at some of the world’s leading investment management companies to the role.
Great Eastern Moves Data Management into Eagle Cloud, Adds IBOR
Great Eastern, an insurance subsidiary of Singapore bank OCBC, is moving its on premise Eagle Investment Systems data management solution into the Eagle Access private cloud. The company also plans to create an Investment Book of Record (IBOR) based on an Eagle solution and designed to improve investment decision-making processes. Great Eastern is one of Eagle’s longest-standing clients in Asia and also uses its parent BNY Mellon for asset servicing.