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GLEIF Eases LEI Acquisition as Identifier Passes the Half Million Mark
The Legal Entity Identifier (LEI) has passed the half million mark, the Global LEI Foundation (GLEIF) is encouraging the creation of registration agents that will help firms get LEIs, and plans are on the board for mapping services that will link SWIFT BICS and Association of National Numbering Agency (ANNA) ISINs to the identifier. Will…
IBM CDO Presents the Case for a Cognitive Enterprise
Creating a cognitive enterprise is within reach and could ease the regulatory burden, increase the efficiency of data management, and improve decision making. Discussing the use and potential of cognitive technologies at A-Team Group’s recent Data Management Summit in New York, Inderpal Bhandari, global chief data officer at IBM, set out IBM’s view of cognition…
Webinar Discusses Data Management Processes in Run up To MiFID II Compliance
The 3 January, 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) is approaching fast, so how ready are financial institutions to meet the directive’s requirements and what outstanding data management challenges do they face? A recent A-Team Group webinar answered these questions and more, highlighting the need to get cracking on…
BCBS Says Bank Compliance with Risk Aggregation Principles is Unsatisfactory
The Basel Committee on Banking Supervision (BCBS) reports that the level of compliance with its principles for effective risk data aggregation and reporting is unsatisfactory at globally systematically important banks (G-SIBS). It urges the banks to step up their efforts and recommends that they should develop clear roadmaps to achieve full compliance, supervisors should communicate…
Project Sentinel Makes Headway on MiFID II Compliance
Project Sentinel, a consortium of banks working to mutualise the cost of implementing Markets in Financial Instruments Directive II (MiFID II) in the OTC front office, will pass a significant milestone on Monday 3 April when Adaptive, a software firm selected by Sentinel as a technology provider, will deliver the backbone of the Sentinel solution…
Challenges of MiFID II Reporting Leave Firms Unready for Compliance
Few financial institutions are ready to meet the requirements of transaction reporting under Markets in Financial Instruments Directive II (MiFID II), while many are facing ongoing challenges including understanding the regulatory requirement, sourcing required data and integrating standard data codes. The data management challenges of MiFID II transaction reporting, approaches to compliance, and the benefits…
OFR Closes Data Standards Breach with Financial Instrument Reference Database
The US Office of Financial Research (OFR) has stepped into the reference data standards debate with plans to prepare and publish a financial instrument reference database including a set of standards for creating and describing financial instrument reference data. The OFR also plans to add a taxonomy or ontology to establish how instruments relate to…
Ullink Expands MiFID II Solution Portfolio with Automated Trade Reporting
Ullink is developing a portfolio of Markets in Financial Instruments Directive II (MiFID II) products, the latest being an automated trade reporting solution designed to help firms comply with the post-trade transparency rules of the regulation. Coming soon are a post-trade data management product that will create a client order biographies necessary to record keeping…
Hany Choueiri Argues the Case for Information Standards
The biggest challenge to the fourth industrial revolution that will put artificial intelligence (AI), robotics and big data centre stage is a lack of widely agreed information standards caused by obsession with technology rather than information. Hany Choueiri, head of data governance and strategy, EMEA, at State Street, discussed the need for capital markets to…
DTCC DataPro Readies Fundamental Review of the Trading Book Solution
DTCC DataPro is planning to add Fundamental Review of the Trading Book (FRTB), expanded risk and extended exchange-traded funds (ETFs) solutions to its portfolio of data products through 2017. We caught up with Ron Jordan, managing director of Data Services at DTCC, soon after the rebranding of DTCC Data Products to DTCC DataPro to find…