Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
New Data Quality Standards on the Table in CESR’s MiFID Technical Advice to the Commission
Following the feedback received during the recent consultation period, the Committee of European Securities Regulators (CESR) has finally produced its technical advice for the European Commission regarding the establishment of a sequel to MiFID. As well as the expected proposals for a European consolidated tape, the papers also include a number of recommendations related to…
Fiserv Selects Omgeo ProtoColl as Collateral Management Solution
Fiserv, a provider of financial services technology solutions, today announced that it will utilise Omgeo ProtoColl as its dynamic collateral management solution. Using Omgeo ProtoColl, new and existing Fiserv customers on the TradeFlow platform will be able to automate their collateral management process, handle numerous asset classes and increase visibility into credit exposure to mitigate…
CGS’ Purcell Explains Why the DTCC Tie up Could be Beneficial for Cabre and Elaborates on Recent Progress
Since the announcement of the launch of their entity identifier joint venture back in February, Cusip Global Services and Avox have been steadily working on increasing the coverage of their Cusip Avox Business Reference Entity identifier (Cabre) codes. According to Darren Purcell, European director for CGS, the vendors currently have in the range 300,000 such…
CFTC Calls for Industry Feedback on Data Repositories and Standards for Swaps
As part of its endeavour to improve transparency within the swaps market and in a follow up to the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the US Commodity Futures Trading Commission (CFTC) is asking firms to provide feedback on 30 areas of change including the regulatory proposals related to swap…
Fitch Solutions Appoints BNY Mellon’s Smith to Head its Research Services Group and Boost US Presence
As part of its wider push into the world of financial data services, Fitch Solutions has added ex-BNY Mellon fixed income head Neil Smith to lead the efforts of its Research Services group. Smith, who joins as managing director of the group, will be based in New York and report to Fitch Solutions head Thomas…
JWG Research Identifies Key Barrier to Implementing Regulatory Reform
JWG, the think-tank that makes sense of FS regulations, today announced the findings of its recent global customer data research programme. The analysis highlights the tall order financial institutions face in complying with 27 new regulatory requirements introduced by the G20 following the onset of the financial crisis. To date, the regulatory tsunami has generated…
CESR Outputs Two More Papers on OTC Derivatives: New Transaction Reporting Data Requirements and Standards on the Table
To add to the veritable cartload of recent papers issued as a part of the ongoing review of MiFID, the Committee of European Securities Regulators (CESR) has added two more into the mix, this time on the subject of OTC derivatives, thus increasing the number of potential data requirements for firms on the regulatory reform…
Obama Signs Off US Financial Services Bill, But What Changes are Needed to Meet the OFR’s Data Requirements?
After months of debate and the lengthy deliberations of a dedicated conference committee, US president Barack Obama has finally signed off the reform bill that proposes, amongst many other things, to set up a US-based data utility in order to more accurately monitor systemic risk. The establishment of the Office of Financial Research has now…
DTCC Further Expands Public Release of Credit Default Swap Data Registered in its Global Trade Repository
The Depository Trust & Clearing Corporation (DTCC) today further expanded its public release of credit default swap (CDS) data, providing more detailed market segmentation information on the largest corporate and sovereign CDS (single named reference entities) registered in its Trade Information Warehouse’s (Warehouse) global repository. This extension of the data posted on DTCC’s website will…
Vendor Partnerships Key to Success in Tackling KYC and Entity Data Challenge, Says GoldTier’s Tebaldi
The most effective manner in which to tackle the challenge of entity data management and meeting know your customer (KYC) requirements is by opting for a best of breed vendor approach, according to Matthew Tebaldi, president of client onboarding and KYC data management solution vendor GoldTier. To this end, the vendor has teamed up with…