Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Legal Entity ID Working Paper Highlights Change in Regulatory Priorities and Potentially High Costs of Implementation
A recent working paper on the practicalities of establishing a legal entity identifier database highlights the tough challenges ahead and rather than promoting an extensive reference data collection exercise, it suggests that a ‘less is more’ approach is the only sensible way to proceed. The paper is a continuation of the research that was initially…
Citi’s Data Quality Expert Berlanger to Depart Next Week
After five years as director in charge of data quality at Citi, Geert Berlanger is heading for pastures new. Berlanger, who has been heavily engaged in the firm’s counterparty data management project over the last few years (it was kicked off by chief data officer John Bottega back in 2007), will be leaving the firm…
Talend MDM Stretches Beyond 100 Million Master Record Milestone on Commodity Server
Talend, a global open source software leader, today announced that Talend MDM Enterprise Edition, the leading open source Master Data Management (MDM) solution, can now scale to master more than 100 million records on a single $1200 server, providing the ability to accommodate virtually any volume of master data. Released in 2010, Talend MDM is…
MSCI Expands Family of ESG Indices
MSCI, a leading provider of investment decision support tools worldwide, announced today the launch of 25 new MSCI ESG Indices, including: · MSCI Global ex Controversial Weapons Indices Nine new MSCI ESG Indices have been developed for use by institutional investors, including pension funds, and Universal Owners who wish to avoid investments in cluster bombs,…
Princeton Financial Systems Announces Christian Kuechler as Managing Director
Princeton Financial Systems announced that Christian Küchler has taken over the role of the Managing Director. Christian Küchler, who has been working with the company for eleven years, will now have responsibility for Professional Services, Sales and Marketing activities within Princeton Financial Systems GmbH. He will work together with Linda Kane who is Managing Director…
UK FSA Highlights “Serious Weaknesses” Within Firms’ AML and Customer Data Management Practices
As part of its crackdown on the industry’s systems and controls around anti-money laundering (AML) data, especially for politically exposed persons (PEPs), which it stepped up last year, the UK Financial Services Authority (FSA) has released the findings of a survey of these practices across the industry that highlights “serious weaknesses” in “many” firms. The…
CFTC Announces the 22 Members of Kirilenko’s Data Standardisation Subcommittee, Google Bags a Slot
Following the announcement last month that it would be establishing a data standardisation focused subcommittee, the Commodity Futures Trading Commission (CFTC) has announced the selection of the 22 members of the team (out of the 52 that applied), which includes (interestingly) Google engineering research director Marc Donner. The other members, who will be led in…
Six Industry Associations Raise Concerns About Privacy of SIFI Data, Ask for More Time for Input on Requirements
The criteria surrounding regulatory assessments for firms that are to be considered systemically important financial institutions (SIFIs) have proved controversial over recent months, but the most recent industry furore seems to be about what happens to the data about these firms once it has been collected. This week, six industry associations wrote a letter to…
Reval’s Okochi and Trozzo Highlight Valuations and Data Impacts of US Swaps Market Reforms
It seems everyone’s talking about the data impacts of the Dodd Frank reforms at the moment. Last week, the Commodity Futures Trading Commission (CFTC) hosted a public roundtable on the subject of the new recordkeeping requirements and related standards efforts, and derivatives risk and valuations solution provider Reval also hosted its own webinar on the…
CFTC Roundtable on Unique Product IDs Highlights Mountain Yet to Climb in Terms of Setting Instrument Standards
This week’s Commodity Futures Trading Commission (CFTC) public roundtable on the technical aspects of the introduction of new unique product identifiers (UPIs) highlighted the mountain still yet to climb in terms of setting instrument identification standards. Much recent progress has been made on the legal entity identification front as a result of the combined work…