Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
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…
Only 26% of 450 Respondents to Oracle’s European Survey Confident in Data Management Systems’ Ability to Support Risk Function
Reference Data Review has noted on a number of occasions that data quality and data management issues lie at the heart of the risk management and compliance challenge and recent research by IT system vendor Oracle is a case in point, which indicates that only 26% of the 450 European respondents to the survey were confident…
Next Year’s European Data Privacy Reforms Could Potentially Have a Significant Impact on Data Storage and Access
The UK government has this month issued a call for evidence on the current European data protection legislative framework, ahead of European-wide negotiations on an update of the European Data Protection Directive 95/46/EC due at the start of next year. Reforms could potentially have a significant impact on the data storage and access requirements for…
Two Weeks Until Firms Need to Supply Their Pre-implementation Reports to the UK FSCS for SCV Compliance
The UK Financial Services Authority (FSA) has been doing its level best this year to make the industry aware of the new customer data requirements as part of the incoming Financial Services Compensation Scheme (FSCS) Single Customer View (SCV) reforms, but time is running out. Firms have the next two weeks in which to pull…
UK FSA Highlights Data Integrity Issues for Transaction Reporting, Including Specific Format for BICs
In its latest newsletter, the UK Financial Services Authority (FSA) elaborates on the reference data integrity checks that firms need to conduct to ensure that their transaction reports are commensurate with the regulator’s requirements. This includes clarification about the length of Bank Identifier Codes (BICs) for client and counterparty identification; an area where a number…