Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
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…
Virginie’s Blog – Guess Which Country in Europe is Furthest Ahead with Corporate Actions Standardisation…?
When I found out this week which European country is furthest ahead with regards to the adoption of the Corporate Actions Joint Working Group’s (CAJWG) standards it certainly surprised me. But when you realise the role and the approach that the central securities depository (CSD) in the country has adopted, it all makes sense… And…
Markit Launches Markit iBoxx European Abs Index
Markit, a leading, global financial information services company, today announced the launch of the Markit iBoxx European ABS index, a cash bond index designed to track the performance of the European floating-rate asset backed securities (ABS) market. The Markit iBoxx European ABS index provides investors with a benchmark to assess returns available on European ABS…
Wholesale Market Brokers’ Association Publishes Repurchase Overnight Index Average (“Ronia”)
Wholesale Market Brokers’ Association (“WMBA”) today announces that it is publishing the Repurchase Overnight Index Average (“RONIA”), a new UK secured money market benchmark. The new index tracks actual market secured overnight funding rates in sterling and is compiled as a weighted average of transactions brokered in London, supplied by members of the WMBA between…
Fitch Launches Analytical Tools for EMEA and Asia-Pacific Corporates
Fitch Ratings has released tools designed to help investors better understand Fitch’s analytical approach, in particular the agency’s approach to computing credit metrics in IFRS jurisdictions, and its bespoke recovery analysis. “These new tools are a continuation of EMEA Corporates’ Clear Thinking programme, which is designed to make Fitch’s ratings more transparent and useful to…
Swift’s Halberstadt and Pobuda Elaborate on its Progress in the FX and Payments SSI Space, Reference Data Utility Plans
It is no secret that Swift’s 2015 plan includes a great deal more about reference data than previous strategies devised by the industry network operator. In February, Swift announced that it would be putting words into action in the payments and FX standing settlement instruction (SSI) space by establishing a new service in these markets,…
Virginie’s Blog – Swift’s Future Focus?
Swift has a serious decision to make this year about its potential future in the securities reference data space, beyond legal entity identification and standing settlement instructions (SSI) in the FX and money markets that is… Last month, Swift was selected by ISO as the successful candidate to act as the registration authority for its…
Opinion: Proven Main Street Solution Proposed for Global Financial Identification
By Allan Grody and Bob Carpenter There is a business model in existence today that has been around for nearly four decades and that has solved the unique identification problem in the global commercial trade supply chain. Now in partnership with our respective firms, we are proposing to share this system with regulators and the…
Quantifi Survey Reveals Industry-Wide Move to Overhaul Counterparty Risk Systems
Quantifi, a leading provider of analytics, trading and risk management solutions for the global capital markets, today announced the preliminary findings of its counterparty credit risk survey. Quantifi recently participated in the Global Derivatives and Risk Management conference in Paris and surveyed a cross section of financial firms to gain insight into the various approaches…