Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Oddo Asset Management Selects CounterpartyLink for Entity Data
Oddo Asset Management has selected CounterpartyLink to supply validated legal entity data and links to pre-Legal Entity Identifiers (LEIs) that will be used to support regulatory requirements such as Know Your Customer (KYC). The French asset manager has online access to CounterpartyLink’s central entity database, which includes content defined by and used by clients. Tanguy…
Legal Entity Identifiers (LEIs) – There’s More to LEs Than Meets the I
Firms everywhere remain under sustained regulatory pressure to reduce systemic risk, in part through the improvement of their view of counterparty risk. At the same time, the ongoing economic climate is forcing them to reduce costs, leading them to consider alternative operating models wherever possible. The emergence of the global legal entity identifier (LEI) standard…
DMS Review: LEIs and the Focus on Entity Data
The emerging global legal entity identifier (LEI) remains far from the tipping point of acceptance across global capital markets and for some it appears as a precursor to a vast mapping exercise. But the standard is gaining ground and will form an integral element of the entity data that’s increasingly needed by companies and required…
Joss Adds SIX Corporate Actions Data to Entity Data Management System and Prepares for LEI
Joss Technology, a software solutions provider dedicated to entity data, has added SIX Financial Information’s entity level corporate actions data to its Entity Data Management System (EDMS). The EDMS platform is a response to emerging regulatory requirements in financial markets for entity data, such as legal entity identifiers (LEIs), rather than security data, and is…
Markit Teams with Genpact to Deliver Shared Service for Client On Boarding
Markit has teamed up with business process specialist Genpact to develop a shared service dedicated to the management of client on-boarding and other know-your-customer (KYC) requirements. To ensure the service meets the on boarding needs of large financial institutions, the companies will be joined by HSBC and Morgan Stanley in an initial six-month design and…
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…
The Global LEI System – Slow but Sure
After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could…
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,…
CICI Utility Cuts 18,000 pre-Legal Entity Identifiers from its Database
The CICI utility that issues CFTC Interim Compliant Identifiers (CICIs) for use in the interim global legal entity identifier (LEI) system will today remove 18,000 records from its database. These records are part of the tranche of 22,000 records that DTCC, which works with Swift as a pre-Local Operating Unit (pre-LOU) in the interim global…
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…