Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Details of Fatca Compliance Remain Elusive Despite Looming Deadlines
The first deadline for reporting under the US Foreign Account Tax Compliance Act (Fatca) is set for July 1, 2014 and it looks like it will stay that way, despite calls from industry participants for a delay on the grounds that they need more time to prepare and that the Internal Revenue Service (IRS) has…
Recorded Webinar: FATCA – Getting to Grips with the Challenge Ahead
This webinar has passed, but you can view the recording here. The deadline for reporting under the US Foreign Account Tax Compliance Act – or FATCA – may have been pushed back six months to July 1, 2014, but the timeline remains tight for firms that have only recently embarked on FATCA compliance programmes. The…
Chrinon Sets Up Open LEIs Website Offering Access to Legal Entity Identifier Data
Chrinon, a UK-based company that gathers and provides open access to company data under the OpenCorporates brand, has set up a website called Open LEIs to provide an interface to the Global Legal Entity Identifier System (GLEIS). The company has been involved in the development of the GLEIS since the beginning of 2012, serving on…
The Global LEI System – A Solution for Entity Data?
The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and…
Global LEI System is Here to Stay but Needs Further Development
The global Legal Entity Identifier system (GLEIS) has made its mark in the market and is here to stay, despite the continuing absence of a Central Operating Unit (COU) that will run the system, a lack of data standardisation that should be sorted out by the COU and concerns about how well entities will maintain…
Recorded Webinar: The Global LEI System – A Solution for Entity Data?
This webinar has passed, but you can view the recording here. As 2013 comes to a close, the global legal entity identifier system – or GLEIS – will have been in the making for 18 months. This year has seen some significant developments ranging from the first meeting of the Regulatory Oversight Committee to a…
Traiana Supports EMIR Reporting with a Management Solution for Unique Trade Identifiers
Traiana has started to onboard customers of its Unique Trade Identifier (UTI) management solution with a view to helping them meet the February 12, 2014 reporting deadline for European Market Infrastructure Regulation, which requires both sides of a trade to report using the same trade identifier. The UTI management service is an extension of Traiana’s…
SuperDerivatives Combines Market Data and Calculation Engine to Deliver Credit Value Adjustment Solution
SuperDerivatives has completed development of a credit value adjustment (CVA) solution for OTC derivatives portfolios and incorporated it into its eValueX valuation service, CorporeX corporate risk and compliance system, and SDX front-office system. Results of CVA calculations can be received by SuperDerivatives’ users as Excel or XML files that can be integrated back into their…
LEI Oversight Committee Endorses Pre-LOUs, but Delays Naming of Board Directors for the LEI Foundation
The Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS) has endorsed the London Stock Exchange (LSE) and Turkey’s Takasbank as pre-Local Operating Units (LOUs), making the LEI codes they issue or have issued acceptable for regulatory reporting in the jurisdictions represented by the ROC. While these endorsements mark progress in development…
Global LEI System Takes Two Small Steps Towards Operation
The Global Legal Entity Identifier System (GLEIS) has inched forward with operational moves being made by the Regulatory Oversight Committee (ROC) to address reference data issues around the LEI and by the Commodity Futures Trading Commission (CFTC) to accept LEIs from all endorsed pre-local operating units (LOUs). The Secretariat of the ROC has written a…