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Talking Reference Data with Andrew Delaney: Just How Fat is Fatca?
With the final regulations for the Foreign Account Tax Compliance Act (Fatca) now published by the US Treasury Department and Internal Revenue Service (IRS), financial institutions have no more excuses for failing to get their houses in order to be compliant with the act. They certainly aren’t happy with the additional regulatory burden of Fatca,…
Clearwater Analytics Selects S&P Capital IQ Pricing and Reference Data
Clearwater Analytics has selected integrated fixed income evaluated pricing and terms and conditions data from S&P Capital IQ to support the web-based global investment accounting and reporting platform it operates for corporate treasuries, insurance companies, asset managers and custody banks. The companies started to discuss working together a couple of years ago after S&P Capital…
Talking Reference Data with Andrew Delaney: DMS 2013 – On LEI and Other Data Management Challenges
Data management is critical to the challenges facing financial services and capital markets participants. Across the board, from meeting increasing regulation and getting in line behind the forthcoming legal entity identifier (LEI) to enhancing transparency and risk management, data management is key. It features in many of the issues we have covered over the past…
Rimes Sets Out Bloomberg Open Symbology Adoption Plan
Rimes has joined the growing group of data service providers offering Bloomberg Open Symbology (BSYM) to help clients streamline workflow and reduce operational risk. The company has gone live with Bloomberg’s global security identifier (BBGID) on the Rimes Benchmark Data Service and is initially providing cover across the 100-plus equity data sources it offers. Later…
SEC Names RiskMetrics Co-Founder Gregg Berman as Head of Office of Analytics and Research
The US Securities and Exchange Commission (SEC) has named risk expert Gregg Berman as head of the Office of Analytics and Research in its Division of Trading and Markets. The office was set up last year to conduct research and analysis that will help inform the Commission’s policies on markets and market structure. Its focus…
Thomson Reuters Joins Fatca Fray with Modular Compliance Solution
Thomson Reuters has joined the growing group of vendors providing compliance solutions for the US Foreign Account Tax Compliance Act (Fatca) that came into effect on January 1. Its offer is a modular, yet holistic, solution that can flex in response to elements of the legislation that are still to be determined or may change…
Talking Reference Data with Andrew Delaney: The Billion Dollar Startup
Last year was a busy year from Standard & Poor’s, or at least for the part of Standard & Poor’s that is now known as S&P Capital IQ. President Lou Eccleston – who cut his teeth in our industry as part of the core management team of Bloomberg, where he headed sales for many years…
SunGard Makes its Mark in Corporate Actions Market through XSP Acquisition
SunGard’s acquisition of XcitekSolutionsPlus (XSP) marks a major step up in the corporate actions market for SunGard and marks an erosion of the population of independent corporate actions platform specialists. The deal, details of which have not been disclosed, was done late last year with XSP becoming part of SunGard’s capital markets business on December…
Numerix Adjusts Reference Data Structure to Add Multiple Pricing Curves to Portfolio
Numerix has added out-of-the-box multi-curve modelling to its Portfolio front and middle-office application for pricing, managing risk and hedging structured products, giving users the ability to generate more precise valuations and risk measurements of collateralised structured products. The additional functionality is available in the company’s pricing library and the Portfolio product immediately and follows the…
Bloomberg Offers Cautious Welcome to European Commission Decision on Thomson Reuters’ RICs
Bloomberg has responded to the European Commission’s decision to accept proposals from Thomson Reuters that open its Reuters Instrument Codes (RICs) to greater market use, by welcoming the change, but warning that compliance is critical if an open market for consolidated real-time data feeds is to be created. The company stated: “In a press release…