Data Management Insight Data The latest content from across the platform
Recorded Webinar: The Global LEI System – Putting the Pieces in Place
This webinar has passed, but you can view the recording here. The Regulatory Oversight Committee has sustained development of the global legal entity identifier system – or GLEIS – over the summer months, most recently endorsing pre-Local Operating Units in China, Argentina, Poland and Italy to make a total of 13 units worldwide that are…
Talking Reference Data with Andrew Delaney: The 100 Club Circa 1977
What do Colin Hall, Colin Gibson, Rupert Brown, Chris Johnson, Diarmuid O’Donovan, Tom Dalglish, Robert Hofstetter and Neville Homer have in common? They are all part of the unique mix of familiar faces and rising stars that makes our Data Management Summit the place where the enterprise and reference data community comes to share their…
Thomson Reuters Debates the Data Management Challenges of FATCA
The US Foreign Account Tax Compliance Act (FATCA) will take its toll on data management functions with most financial firms expecting know your customer (KYC) and client onboarding processes to be hit hardest by the legislation. During a webinar hosted by Thomson Reuters, participants also pointed out that FATCA is the tip of the iceberg,…
Talking Reference Data with Sarah Underwood: Pushing Forward the Global LEI System
While many capital markets participants eased off the pace and headed out for a vacation over the summer, it seems there has been no slowdown for those developing the global legal entity identifier (LEI) system, with the system’s Regulatory Oversight Committee (ROC) taking two significant steps forward in as many weeks in August. First was…
Talking Reference Data with Andrew Delaney: A Tonic for the FATCA-Brand GIIN
If Solvency II is considered the most onerous of the regulatory regimes about to hit our financial data community, then FATCA surely is not far behind it – and it is now officially the most imminent. Indeed, following a slight delay (from July 15), the US tax authorities this week unveiled the FATCA registration portal,…
SunGard Extends Reach of Acquired XSP Corporate Actions Solutions
XSP’s December 2012 acquisition by SunGard has given the corporate actions specialist greater geographic reach, a broader customer base and the opportunity to integrate its software with SunGard middle- and back-office applications. XSP’s latest geographic push is into Asia-Pacific, where it has customers, but mostly global customers with offices in the region. Taking advantage of…
LSE Details Go Live of Pre-LEI System and Expects Smooth Transition to Global LEI system
The London Stock Exchange (LSE) went live with its pre-Legal Entity Identifier (pre-LEI) system issuing Interim Entity Identifiers (IEIs) on Monday August 5. It reports significant interest in entity registration, with many draft records being created ahead of payment and submission, and one complete transaction issuing an IEI to global equity trading services firm BTIG…
Finance and Insurance Firms Turn to Third-Party Service Providers for Corporate Credit Valuations
Global banks, asset managers and insurance companies are adopting innovative approaches to valuing high-yield corporate credit in response to regulatory and client demand for transparent, defensible and timely evaluated pricing. Instruments under particular scrutiny include high-yield bonds, leveraged loans and collateralised loan obligations, all of which can be hard to price and all of which…
Numerix Offers Early Solution for Funding Value Adjustment
Numerix has added a universal framework for funding value adjustment (FVA) calculations to the risk module of its CrossAsset pricing and risk analytics suite. The solution is aimed at helping firms calculate accurate FVA and identify the true profit and loss of OTC derivatives operations. The Numerix implementation is among the first to support computation…
The Low Down on ROC’s Rules for the Global LEI System for pre-Local Operating Units, But Gaps Remain
Development of the global legal entity identifier system (GLEIS) took a significant step forward last weekend when the Regulatory Oversight Committee (ROC) of the system published a document specifying the principles and requirements that should be followed by pre-Local Operating Units (LOUs) wanting to take part in the interim GLEIS. The document, initially scheduled for…