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PolarLake Announces Reference Data Policy Engine Based on Semantics Technology

PolarLake today announced the availability of the PolarLake Reference Data Policy Engine within the PolarLake Reference Data Distribution (RDD) product. The policy engine uses semantics technologies embedded within a business application to enable business operations and technical staff to define reference data usage control policies. This includes: Data access control policies based on user and…

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional…

13 Vendors Participate in UK FSA’s February Gabriel Liquidity ISV Forum

As noted by Reference Data Review last month, the UK Financial Services Authority (FSA) has pledged to support the data vendor community in adapting to the new regulatory order and, accordingly, has set up an independent software vendor (ISV) discussion group to discuss liquidity risk requirements. The group’s first meeting was held on 16 February…

Data Vendor Selection is Key to Bringing Down Costs But Also Improving Quality, Says SGSS’s Rose

In the current cost conscious environment, financial institutions need to push back on their vendors and make sure they have conducted a thorough evaluation of the data they are receiving from them, says Olivier Rose, head of projects and international market data management at French bank Société Générale Securities Services (SGSS). Rose, who has been…

UK FSA Pledges Commitment to Support Vendor Community in Data Space

There may be troubles ahead for the UK Financial Services Authority (FSA) with the impending departure of current CEO Hector Sants in the summer, but, in the meantime, the regulator has pledged to support the data vendor community in adapting to the new regulatory order. To this end, the regulator is strengthening its efforts around…

CESR Contemplates Extending Transparency Notifications to More Instruments, Additional Data Reporting Required

As part of its review of the Transparency Directive, the Committee of European Securities Regulators (CESR) has indicated it may extend transparency requirements to include instruments that create a similar economic effect to holding shares. This would mean that more data would be required in the effort to disclose entitlements to acquire shares as part…

London Stock Exchange Announces Partnership with FactSet to Deliver Reference Data through UnaVista

The London Stock Exchange announced today that it has commenced a joint venture with FactSet Research Systems. The partnership means that the Exchange will deliver FactSet’s reference data via UnaVista, a web-based platform that provides validation, matching and reconciliation solutions. Firms will now be able to receive FactSet’s issue-to-issuer linkage data and parent-subsidiary relationship data…

Bloomberg Faces Lobbying from Industry Group and Customers Over SPA Contracts and BSYM Data

Data giant Bloomberg is seemingly facing a degree of pressure from the industry with regards to both its planned service provider agreement (SPA) contracts for fund administration clients and the data provided via its Bloomberg Open Symbology (BSYM) initiative. Paris-based data association Commission des Services et Systèmes d’Informations destinés aux Opérateurs de Marchés (Cossiom) has…

CEBS’ Carosio Discusses 2010 Focus on Risk and EBA’s Role in Regulatory Data Infrastructure

The Committee of European Banking Supervisors (CEBS) was originally established as a forum to lead the charge towards a new Basel framework but in recent years it has become increasingly focused on the practical realities of risk management. Giovanni Carosio, deputy director general of the Bank of Italy who took over the reins as chairman…

Omgeo Continues Momentum in Japan

Omgeo today announced significant milestones achieved in Japan in terms of facilitating operational efficiency, reducing costs and increasing risk mitigation for clients in the region. Further demonstrating the firm’s commitment to Japan, Omgeo has also re-launched the Japanese-language version of its website. Omgeo wrapped up 2009 with significant growth in Japan, with 27% growth in…