Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Citi Blazes a Trail for Counterparty Data Management, Berlanger Provides Update Four Years on
It has been four years since Citi first began its counterparty data management project as part of its overall push in the enterprise data management (EDM) space, which at the time was spearheaded by former chief data officer (CDO) John Bottega. The initial focus was on achieving a unique identifier for entity data across the…
Amplifying the Data Issue
If there was one main message to be gleaned from our counterparty data and risk management seminar this week, it was that the current regulatory and risk management focus on entity data is proving to be of benefit to the data management community as a whole. The scrutiny of firms’ counterparty data management as a…
Forewarned is Forearmed
According to Senate Banking Committee chairman Chris Dodd, the slow progress being demonstrated this week in the US with regards to agreeing the various amendments to the financial services bill could end up killing the reforms altogether. Not good news for those hoping for the establishment of an Office of Financial Research before the year…
CPSS and Iosco Set Out Recommendations for Trade Data Repositories in New CP
A joint working group of the Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organisation of Securities Commissions (Iosco) has published a consultation paper this week setting out recommendations for the operation of trade repositories in the OTC derivatives markets. Data sharing and new data infrastructure is a subject…
CESR’s CP on Non-equity Markets Transparency Confirms More Derivatives Data Requirements on the Cards
The Committee of European Securities Regulators (CESR) has issued a consultation paper on post-trade transparency this month, which indicates that European firms may soon face a whole host of new data requirements for structured products. The paper, which is part of the ongoing MiFID review process that is being conducted over the course of this…
FactSet Completes Fundamentals Collection Milestone
FactSet Research Systems announces that it has completed the transition process for collection of the fundamentals database acquired from Thomson Reuters on April 22, 2008. The acquisition included a copy of the Thomson Fundamentals database, source documents, collection software, documentation, and collection training materials. As per the Transitional Services Agreement, the Thomson update process was…
EDM Council Makes Progress with its Semantics Repository Work, Commodities Derivatives Next on the List
The EDM Council’s semantics repository has come a long way since the announcement of its creation back in May 2008. A lot of the legwork has been completed for the repository, which aims to standardise the terms and definitions of all reference data attributes stored in the master files of financial institutions, and the review…
Majority of PRMIA Members Back the Establishment of a US-based Data Utility
US Republican senator Richard Shelby may be sceptical about the Financial Services Bill’s proposals for the establishment of a data collection agency, but US risk management professionals are seemingly keen for such a utility to be introduced. According to a recent survey of chief risk officers (CROs) by the Professional Risk Managers’ International Association (PRMIA)…
MiFID JWG Reconvening in June, JWG’s Di Giammarino Points to Overlooked Reference Data Aspects of MiFID Review
In light of the current review of MiFID going on at the European level, the MiFID Joint Working Group (JWG) is set to reconvene at the start of June to discuss the key business and IT related issues. One such issue will be the impact of all this regulatory work on the reference data space,…
DTCC Continues Expansion of Public Data on OTC Credit Derivatives
The Depository Trust & Clearing Corporation (DTCC) expanded its public release of data in the Trade Information Warehouse’s global repository to include a breakout of outstanding credit default swap (CDS) contract values in their currencies of denomination. This added information is expected to help provide greater transparency into the risk exposure of a particular currency…