Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
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…
US Senate Names Former Morgan Stanley Economist Berner as OFR Director
The US Senate has named former Morgan Stanley executive Richard Berner as the first director of the Office of Financial Research (OFR). The OFR was set up under the Dodd-Frank legislation within the US Treasury Department and charged with tasks such as the development of a global legal entity identifier (LEI) system that will improve…
Mark Davies Takes Role of CEO at Avox as Ken Price Steps Down
Ken Price has left his role as CEO of Avox, making way for DTCC business development head Mark Davies to take the CEO’s role at the reference data company. UK-based Avox was co-founded by Price and acquired by DTCC in July 2010, at which time Price said he would leave the company once it had…
CounterpartyLink Details Development of CPL Online Entity Data Service
CounterpartyLink is progressing the development of its CPL Online legal entity intelligence service with the immediate addition of a compliance index and the promise of hierarchy data for all entities it holds and a visualisation tool to view related data. The company’s October 2012 commitment to offer beneficial ownership data at a level of 10%…
Talking Reference Data with Andrew Delaney: LEI Progress Report 4
In a fourth progress note on the development of a global legal entity identifier (LEI) system, the Financial Stability Board (FSB) has named Switzerland as the likely home of the global LEI foundation that will operate the LEI system’s Central Operating Unit (COU). It also set out the preliminary criteria for the selection of a…
Carney to Continue as Chair of Financial Stability Board
Mark Carney will continue his role as chair of the Financial Stability Board (FSB) when he steps down as governor of the Bank of Canada on June 1, 2013, and fills the same role at the Bank of England just a month later following the retirement of governor Mervyn King. Carney was appointed as chair…
Screen Upgrades INFOmatch Index Licensing Module to Boost Transparency, Control
Screen INFOmatch is planning to release an upgraded version of its eponymous market data inventory system that supports cost and contract management in mid-December. The new version will focus on index licensing with the provision of tools for improved management and increased transparency. Peter Fruitema, CEO of Screen Group, a financial services solutions company that…