As Reference Data Review went to press, Standard & Poor’s Cusip Service Bureau announced that it was teaming up with Mark-it Partners to develop a numbering system for its entity database, Project Red. The S&P Cusip Service Bureau has created two sets of alphanumeric codes, covering credit default swap reference entities and pairs of reference entities and reference obligations. The codes are aimed at providing an easy method of identifying entities and obligations in default swap trade confirmations. Meanwhile, S&P also announced plans for a bond reference data service, to be launched mid-2004. The new, real-time service is aimed at supporting the industry’s Real Time Trade Match (RTTM) initiative.
A-Team Insight Briefs
Stop Press: S&P Teams with Mark-it On Project Red, Plans Bond Service
The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU and UK authorities. It has also changed dramatically following the UK government’s failure to reach equivalence...
J.P. Morgan has become the first validation agent in the Global LEI System, signalling early interest in the scheme as a means of improving client onboarding and Know Your Customer (KYC) . The validation agent framework was introduced by GLEIF in September 2020 and is designed to help financial institutions improve customer experience, accelerate client...
TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.
Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...