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GoldenSource’s Stock and Meriton Discuss Potential to be a Direct Technology Provider to the Office of Financial Research
Given that the Office of Financial Research has been a hotly debated topic within the industry of late (even if the regulatory community has been rather quiet on the subject), it is no surprise that vendors are keen to offer their services to those charged with establishing such a data utility. One such vendor is…
Philadelphia Fed’s Nakamura Proposes Instrument Database, But What About the Office of Financial Research?
Proof yet again that the US regulatory community might not be aware of the implications of the Office of Financial Research reform proposals comes in the form of recent comments made by Philadelphia Federal Reserve Bank economist Leonard Nakamura. Nakamura made proposals last week that an all encompassing instrument database be established to help regulators…
Wall Street Reform Bill Debate to Cover Office of Financial Research
Up until now, the proposals for the creation of a reference data utility in the form of the Office of Financial Research have largely passed under the radar during the regulatory reform debates in the US. However, data issues are set to be a key topic of discussion this week with the Office of Financial…
Systemic Risk Regulator Should Resemble the CRO Function and Data Utility is Likely to be Too Costly
The 22 respondents to the Securities Industry and Financial Markets Association’s recent survey (Sifma) believe that regardless of the exact structure of the systemic risk regulator, its roles and responsibilities for the overall markets should reflect those of a firm’s chief risk officer (CRO). The Sifma member firms, regulators, clearing counterparties (CCPs) and exchanges involved…
JWG’s MiFID League Table Includes Four Main Reference Data Considerations
As previously noted by Reference Data Review, the current review of MiFID encompasses a whole host of reference data issues, which think tank JWG has handily included in its recently updated MiFID league table. The four main reference data changes comprise the new requirements for counterparty and client identifiers, the extension of post-trade data requirements, changes to…
Post-Trade Data Quality has Deteriorated Since MiFID But Are Current Proposals Enough for Instrument Identification, Asks FISD’s Davin
The market fragmentation that has been a major by-product of the introduction of MiFID has resulted in a number of serious data related issues in the OTC space in particular, said Tom Davin, managing director of the Washington-based Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA), at the recent MiFID…
JWG’s Di Giammarino Talks up Data Practicalities of Risk and Regulatory Onslaught
The long list of incoming regulations, especially those that will require the reinvention the risk management wheel, have thrown into the spotlight the need for firms to get a better handle on their operational risk, said PJ Di Giammarino, CEO of think tank JWG at the recent Thomson Reuters pricing event in London. Reiterating his…
Issuance of ISINs for Loans is a Step in the Right Direction, Says DTCC’s Lewis
This year has seen the issuance of the first set of ISINs for the loans market and Mathew Keshav Lewis, vice president of the Depository Trust & Clearing Corporation’s (DTCC) LoanServ business, reckons this is a great start to introducing further data standardisation in this particularly slow moving corner of the market. Of course, there…
FactSet Research Systems Reports Results for the Third Quarter of Fiscal 2010
FactSet Research Systems, a provider of integrated financial information and analytical applications to the global investment community, today announced its results for the third quarter of fiscal 2010. For the quarter ended May 31, 2010, revenues were $160.3 million, up 4% compared to the prior year. Operating income for the third quarter increased to $55.7…
ESF’s Angheben Warns Firms to Keep a Close Eye on Post-Trade Transparency Regime Progress
Firms need to keep a close eye on what is shaping up to be MiFID II, under the auspices of the Committee of European Securities Regulators’ (CESR) consultation on post-trade transparency, warned Marco Angheben, director of the Association for Financial Markets in Europe (AFME) and the European Securitisation Forum (ESF) at last week’s Thomson Reuters…