Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
DTCC Expands Data Published by Deriv/SERV on CDSs
The Depository Trust & Clearing Corporation (DTCC) is to, later this month, expand the data its Deriv/SERV unit publishes on credit default swaps (CDSs) registered in its Trade Information Warehouse to show additional detail on weekly transaction activity. In November last year, DTCC first indicated is would be providing more information on derivatives registered in…
European Dealers Fail to Buy into European CDS CCP, Favour Global Solution
Originally appeared in MiFID Monitor The clearing counterparty (CCP) race for the credit default swap (CDS) market has proved to be controversial from the off. Not only has there been an ongoing battle between the contenders for market share, each trying to convince the market that only one solution is necessary, there has also been…
BISS Research Adds STP and Risk Measurements to Corporate Actions Benchmarking
In a climate where metrics seem to be ever more important, BISS Research is seeking to capitalise on this focus in data management with an upgrade of its benchmarking service for corporate actions vendors. For obvious reasons, risk management and STP have become key drivers for investment in the space (reducing headcounts and regulatory scrutiny…
Hedge Funds are Increasing their Scrutiny Of Counterparty Risk, Says Pershing and Aite Group
Managing counterparty risk has become a much more critical component of a hedge fund’s overall business operations today than it has been in previous years, according to a recently published white paper by Pershing and Aite Group. The report, which is entitled Risk and Reward: Hedge Funds Changing Views on Counterparty Relationships, focuses on the…
UK FSA Agrees to Review JWG-IT Group Proposals on Counterparty Data Management
Originally appeared in MiFID Monitor The UK Financial Services Authority (FSA) has agreed to review London-based think tank JWG-IT Group’s guidance on wholesale customer data management, which it plans to submit to the regulator in the first quarter of next year. The group is in the process of drawing together industry guidance that is aimed…
ECB’s CSDB Could be Used as IBEI Repository, Says Finsoft’s Christensen
The European Central Bank’s Centralised Securities Database (CSDB) could be used as the industry’s recognised source of business entity identifiers in the future, contended Soeren Kier Christensen, managing director of Finsoft Financial Systems. “Each institution needs a unique identifier and the CSDB currently tracks these for each European institution. By using these already standardised codes,…
New Regulations Will Impact Data Management; But Industry Not Talking To Each Other Enough to Fix the Problems
There are going to be a slew of upcoming regulations post credit-crunch and industry collaboration will be essential to address data management processes needed to comply, according to a panel of industry practitioners at FIMA. But progress to date has been slow, and industry bodies and participants are not talking to each other enough to…
Despite Lack of Standards, Legal Entity Data Will Become Centre of Data Operations
Although standards for legal entity data are likely to evolve over time and become more rigorous, there does not exist today a standard directory of identifiers for legal entities across global jurisdictions, said James Redfern, head of sales and marketing at CounterpartyLink. But with an average of 27% of company records held at financial institutions…
Calyon’s Moutot Elaborates on Centralised Counterparty Database Challenge
Calyon has been engaged in a lengthy project to connect its “patchwork of IT systems” for counterparty data and has, thus far, managed to eliminate 30,000 duplicates, said Serge Moutot, the firm’s head of global referentials management. He explained to FIMA delegates that the decision to centralise and integrate counterparty data across the firm was…
SmartCo Upgrades EDM Offering to Include Wider Complex Product Coverage
SmartCo has upgraded its centralised enterprise data management (EDM) solution, Smart Financial Data Hub (SFDH), to include functions for modelling and managing the fundamentals of credit derivative products, special purpose vehicles and complex underlying instruments. The vendor says the upgrade is a reaction to the current financial climate and the requirements to deal with the…