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ISDA Comments on Proposals Issued by the IASB and FASB
The International Swaps and Derivatives Association (ISDA) welcomes the efforts of the International Accounting Standards Board and the Financial Accounting Standards Board to seek convergence on their current US GAAP and IFRS models regarding offsetting of assets and liabilities in the balance sheet. ISDA believes that reporting derivatives positions on a net basis where netting…
Bloomberg Launches Real-Time Compliance with Bloomberg Vault
Bloomberg today announced a new real-time search and analytics console for Bloomberg Vault, the first compliance solution to integrate real-time monitoring, search analytics, and archiving of Bloomberg messaging and corporate email. Bloomberg Vault capitalises on Bloomberg’s long track record in messaging and compliance to help financial firms and corporations meet increasing compliance, regulatory and eDiscovery…
FinCen Proposes New Electronic Format and Data Field Amendments for Unified Currency Transaction Reports in the US
In keeping with its work to move from paper-based to electronic reporting formats, the Financial Crimes Enforcement Network (FinCen) has published a list of proposed new data fields to be added to firms’ currency transaction reports, as required under the US Bank Secrecy Act (BSA). Industry participants have until 28 March to provide feedback on…
Nearly 40% of Buy Side Firms Don’t Have Internal OTC Derivatives Pricing Capabilities, Says BNY Mellon Research
A large proportion of the buy side is falling short with regards to its internal pricing capabilities, according to a research paper by Bank of New York Mellon, with nearly 40% of the respondents to its recently conducted survey indicating that they have no in-house capabilities and are relying on counterparty valuations alone for the…
Opinion: Data Repositories and Consolidated Tape Proposals
By Chris Pickles, head of marketing for Financial Markets & Wholesale Banking at BT The story begins with passengers (the public) on a plane with all the aircrew (the investment firms) telling them how smooth and level the flight is going to be, just as it has always been. That was back in 2005. And…
SmartStream’s New Recruit Stewart on DClear’s Performance Thus Far: Metrics and Multi-Tenant Architecture
In his new role as sales director for SmartStream’s DClear business, ex-GoldenSource exec Hugh Stewart has been tasked with raising the profile of the reference data utility solution, as it extends its reach into areas such as corporate actions, standing settlement instructions and legal entity data. As revealed by Reference Data Review back in November, the vendor…
DClear Services Expansion Continues with Appointment of Industry Veteran Hugh Stewart
SmartStream, the financial Transaction Lifecycle Management specialist, today announced the appointment of Hugh Stewart as sales director for its DClear Services business. Stewart joins DClear with more than 30 years of sales and management experience in the global financial services and technology industries, most recently as SVP of sales, EMEA and Asia at enterprise data…
Bloomberg’s Warms Responds to Data Manager Feedback on the BBGID
Earlier this month, three data manager readers of Reference Data Review provided feedback on the Bloomberg Global ID (BBGID), which lies at the heart of the data vendor’s open symbology initiative. In response to these queries, Peter Warms, global head of Bloomberg’s global identifiers and symbology, explains that BBGID will remain free and comes with no restrictions…
DTCC and MarkitSERV Collaborate with AcadiaSoft to Automate Collateral Messaging and Reduce Risk in OTC Derivative Markets
The Depository Trust & Clearing Corporation (DTCC), MarkitSERV and AcadiaSoft today announced that they are working to deliver a joint solution for improving communication related to setting and maintaining the collateral required between counterparties to over-the-counter (OTC) derivative transactions. The solution is the first step taken by the three companies to develop a multi-functional collateral…
More Practitioner Feedback on the BBGID: Great Potential But More Definition Needed
Bloomberg’s new global identifier, dubbed the BBGID, is causing something of a stir within the data manager community and Reference Data Review has received more feedback on the subject this week, following on from the comments from two practitioners last week. A securities reference data practice manager at a large US investment bank explains his…