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Tackling the TRIM Challenge – How Banks Can Get their Data Quality Processes up to Scratch
By Martijn Groot, Vice President of Product Management, Asset Control The Targeted Review of Internal Models (TRIM) is underway and significantly impacting banks across the eurozone. TRIM is an initiative of the European Central Bank (ECB), designed to assess whether the internal risk assessment models used by banks supervised by the ECB, comply with regulatory…
Systematic Internalisation Under MiFID II: What’s Needed Now
From September 1, 2018, firms within the scope of MiFID II that breach volume thresholds set by ESMA on August 1, 2018 for internal matching of client orders will be required to register as systematic internalisers (SIs) and operate within the SI regime detailed in the regulation. Sounds pretty straightforward, but that is far from…
Is the Cloud Always on the Horizon?
By Gavin Carey, Head of Enterprise, EMEA, Thomson Reuters Financial & Risk We recently shared the findings of a global survey of 250 senior decision makers at financial firms across the buy- and sell-side. The results were much more bullish than you might expect about how quickly the financial community is planning to adopt cloud when it…
Trading Tech Consolidation Continues with State Street’s $2.6bn Purchase of Charles River
State Street’s $2.6 billion acquisition of financial data firm Charles River Systems, Inc (Charles River Development) has been heralded in some quarters as game changing. But is it really, or is it perhaps just another step in ongoing consolidation in the trading tech space, and indeed in the logical development of the role of the…
Thomson Reuters Offers Counterparty Reference Datasets for AnaCredit Compliance
Thomson Reuters has added a module to its Verified Entity Data as a Service platform to help financial institutions comply with the counterparty reference dataset requirements of AnaCredit, a European lending regulation that comes into force in September. The European Central Bank (ECB) introduced the Analytical Credit Datasets (AnaCredit) project in 2011 to obtain detailed…
Siren Investigative Intelligence Platform Finds Favour in Financial Markets
Siren, a Galway based provider of investigative intelligence, is making headway in capital markets following a €3 million round of seed funding early this year that allowed the company to offer its semantic data investigation technology to market sectors beyond its initial target of law enforcement and including financial services and life sciences. To date,…
Challenges and Opportunities of Data Lineage Implementation
Data lineage is critical to regulatory compliance, cost-effective data management, and arming the business with accurate and timely information on which to make decisions. It is also challenging to implement, difficult to sustain and often suffers from a lack of management buy-in and funding. A recent webinar hosted by A-Team Group on how to get data…
JNAM Adopts Hosted GoldenSource Solution for N-PORT, N-CEN Data Compliance
Jackson National Asset Management (JNAM) has selected GoldenSource to provide a fully hosted data management platform to help meet its regulatory obligations. Specifically, the asset manager, a subsidiary of Jackson National Life Insurance, will use the GoldenSource platform to meet requirements for structured data elements inherent in the impending form N-PORT and N-CEN filings with…
Managed Services and the Evolving Operating Model
By Liz Blake, Global Head of Eagle Managed Services According to a recent Experian white paper, ‘Building a Business Case for Data Quality’, 83% of organisations have seen bad data stand in the way of reaching key business objectives. In particular, the research identified lost sales opportunities, inefficient processes, and client relationships as among the…
Tackling a New Era of Financial Data Management
By Martijn Groot, Vice President of Product Management, Asset Control Business users across financial services are more data hungry than ever before. They want to interact with data directly and quickly collect, manipulate and analyse the data in order to streamline operations. There are two drivers for this. First, users increasingly expect instant access to…