Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Avox Passes One Million Entity Milestone with Plans for Further Growth and Additional Services
Avox has posed a 25% year-on-year gain in the number of entities it has validated, bringing its total database of entities with validated reference data to over a million. The million-entity milestone comes against the backdrop of the imminent launch of the global legal entity identifier (LEI) standard, which was the subject of last week’s…
Cusip Global Services Collaboration with DTCC in LEI System Brings Association of National Numbering Agencies into Play
Collaboration between Cusip Global Services (CGS) and DTCC to augment the latter’s role as a pre-Local Operating Unit in the global legal entity identifier (LEI) system brings the Association of National Numbering Agencies (Anna) back into play in LEI development. CGS is not only the issuer of Cusip numbers covering securities, issuers, obligors and guarantors,…
Preparing For Primetime – How to Benefit from the Global LEI
They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its…
Talking Reference Data with Andrew Delaney: The Great LEI Road Show Comes To Town
Right on cue, the Office of Financial Research (OFR) this week released a set of frequently asked questions (FAQs), to help practitioners get their heads around the new legal entity identifier (LEI) ahead of its launch next month. The FAQs help set the scene for the long-awaited introduction of this crucial data standard, and it’s…
Talking Reference Data with Andrew Delaney: Just How Fat is Fatca?
With the final regulations for the Foreign Account Tax Compliance Act (Fatca) now published by the US Treasury Department and Internal Revenue Service (IRS), financial institutions have no more excuses for failing to get their houses in order to be compliant with the act. They certainly aren’t happy with the additional regulatory burden of Fatca,…
LEI Regulatory Oversight Committee Names Leadership and Reprieves PSPG
The formation of a global legal entity identifier (LEI) system took a large step forward late last week when the first meeting of the Regulatory Oversight Committee (ROC) took place in Toronto, taking over leadership and direction of the LEI initiative from the Financial Stability Board (FSB) and naming its leadership team. The meeting was…
Element22 Proposes Open Source Data Models for LEI and More
Data management specialist element 22 has set in motion an open source project designed to develop a conceptual data model for the financial services industry that could lead to standard data schemas and help firms avoid reinvention of data models when addressing new system builds. The so-called ?mod (fimod) Open Source Project is a response…
Rimes Sets Out Bloomberg Open Symbology Adoption Plan
Rimes has joined the growing group of data service providers offering Bloomberg Open Symbology (BSYM) to help clients streamline workflow and reduce operational risk. The company has gone live with Bloomberg’s global security identifier (BBGID) on the Rimes Benchmark Data Service and is initially providing cover across the 100-plus equity data sources it offers. Later…
Talking Reference Data with Sarah Underwood: The LEI Presents Opportunities Not to be Missed
The global legal entity identifier (LEI) system mandated by the G20 in November 2011 and initiated by the Financial Stability Board (FSB) soon after has been some time in the making, but it seems to be headed in the right direction despite disagreement among market participants on some elements of the solution; a change of…
Regulatory Oversight Committee Set to Take Charge of LEI Development and Tackle Outstanding Issues
The first meeting of the Regulatory Oversight Committee (ROC) of the global legal entity identifier (LEI) system will be held in Toronto at the end of this month. Some 45 public authorities from across the globe have assented to the LEI Charter approved by the G20 on November 5 2012 and become members of the…