Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
CFTC Roundtable on Swaps Data Repositories Recommends Entity Identifiers Should be Kept Simple
As noted by Reference Data Review earlier this year, the US Commodity Futures Trading Commission (CFTC) is examining the data standardisation challenges underlying the provisions contained within the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the introduction of new swaps data repositories. To this end, last month saw the CFTC conduct a public roundtable…
UK FSA Contemplates Mandating the Introduction of Data Governance Staff and Systems
In keeping with its increased focus on the data details of firms’ transaction reports, the UK Financial Services Authority (FSA) is now contemplating mandating that firms appoint a data governance officer and introduce a data assurance programme to ensure that standards of data quality are being maintained. This is all part of its more intrusive…
Thomson Reuters’ Craig Talks up a More Integrated Approach to Risk Data
The launch of its new Governance, Risk and Compliance (GRC) business unit at the end of last month, is the culmination of two years of integration work behind the scenes at data giant Thomson Reuters. David Craig, who was recently appointed president of the business unit, explains to Reference Data Review that GRC is aiming to support…
Instrument and Entity Identification are Key Issues for MiFID Forum’s Transaction Reporting Subject Group
Given the high profile fines that have been handed out over the last 12 months in the UK for data related transaction reporting failures, it is no surprise that the subject of entity and instrument identification is top of the list for the recently formed Transaction Reporting Subject Group of the MiFID Forum. Alan Jenkins,…
ECB’s Trichet and González-Páramo Indicate it is Working on Data Foundations for the ESRB
One of the main requirements for conducting accurate and efficient macro-prudential oversight, as included in the remit of the incoming European Systemic Risk Board (ESRB), is to have a solid data foundation on which to base judgements with regards to systemic risk analysis (as noted by Reference Data Review last month). No surprise then, that…
FactSet Focuses on Entity Data Related Product Launch Before the End of the Year
Following the signing of a joint venture with the London Stock Exchange (LSE) in February to add its entity data to the UnaVista platform, data vendor FactSet has been focused on adding another string to its entity data bow by building a single name exposure offering, which it plans to launch before the end of…
Data Transparency is Key to Risk Exposure Assessment for the Derivatives Market, Agree BNP Paribas’ Ruault and Newedge’s Colette
Data management solutions are receiving buy in from top level management because of the requirement to assess risk exposures in real-time and react to business opportunities and challenges, said Philippe Ruault, head of clearing, settlement and custody products at BNP Paribas, at last week’s SunGard City Day in London. Risk management has become much more…
Investec’s Gatfield, HSBC’s Hamilton and RBS’ Gibbons Agree on the Benefits of a Centralised Data Management Hub
A unified back office system with a centralised data management hub allows for the obvious benefits of global consistency of data, a reduction in operational costs (apart from the initial outlay) and the ability to meet risk management requirements, agreed panellists at SunGard’s City Day in London last week. Trevor Gatfield, head of securities operations…
UK’s CRC Deadline is Thursday 30 September, 2,598 Registered Thus Far
This week sees the deadline for UK public and private sector organisations required to register their businesses under the Carbon Reduction Commitment Energy Efficiency Scheme (CRC) roll around and 2,598 have signed up thus far, according to yesterday’s figures from the UK Environment Agency. Firms have until 30 September (Thursday) to register for the new…
Algorithmics Advocates Active Management of Counterparty Credit Risk with CVA in New White Paper
In its latest white paper on counterparty credit risk, Algorithmics outlines several recommendations and milestones for any institution interested in actively managing its counterparty credit risk (CCR) using credit valuation adjustment (CVA) to price the counterparty risk. Since the crisis, there has been a shift from passive to active management of counterparty credit risk that…