Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
SmartStream’s DClear Utilities Launches On Demand Data Dictionary Portal
As part of its wider bid to take on the reference data utility space, SmartStream Technologies has this week launched an on demand portal for access to verified and cleansed exchange and data provider documentation. John Mason, CEO of DClear, explains to Reference Data Review that although the Data Dictionary will form an integral part of the…
Basel II and the Law of Unintended Consequence: Leading to Direct Financial Benefit
By Rick Wilson, vice president of product strategy for Trillium Software Not every result from the ‘law of unintended consequences” is a negative outcome. For example, it’s unlikely that the Basel regulations, set up to monitor the accuracy of financial performance reporting, were implemented with the deliberate intention of improving banks’ bottom lines. But that…
UK FSA Indicates BIC Codes are Needed for all Transaction Reporting Firms, Defers AII System Launch Indefinitely
This month, the UK Financial Services Authority (FSA) has indicated that transaction reporting firms under MiFID will need to obtain a bank identifier code (BIC) in order to be in compliance with wider European level regulations. Firms will have to apply to Swift for a BIC before they email the transactions monitoring unit (TMU) with…
DTCC Policy for Releasing CDS Data to Global Regulators
The DTCC Trade Information Warehouse for credit derivatives is a user-governed, not-for-profit cooperative that provides a registry of the details of virtually all outstanding credit default swaps traded globally. The Warehouse currently holds data on roughly 2.3 million contracts from trading counterparties located in 52 countries, covering credit obligations of entities located in more than…
Fed’s Tarullo Once Again Champions Resolution Plans, BCBS Publishes New Recommendations on Subject: Data Challenges in Spotlight
Regular readers of Reference Data Review should be no strangers to the data and practical implementation challenges of resolution, or living wills, regulations that are the talk of the town at the moment. After all, US Federal Reserve governor Daniel Tarullo is just one of the high profile regulators that has been grandstanding about them…
UK FSA’s SCV: If You’re a Deposit Taking Institution, it Applies to You
As noted by Reference Data Review recently), the UK Financial Services Authority’s (FSA) incoming Single Customer View (SCV) reforms, which are part of the Financial Services Compensation Scheme (FSCS), will require a significant amount of effort to create new data linkages in order for the institutions covered by the regulation to be ready to report…
Markit Document Exchange Moving into Reference Data Extraction and Validation, Says Davenport
Since its launch back in 2008, Markit Document Exchange has finally got close to achieving critical mass, with an increase of funds using the documentation library from 5,000 to 15,000 over the last year alone. Penny Davenport, managing director and head of Markit Document Exchange, speaks to Reference Data Review about the vendor’s plan to move…
Markit Document Exchange’s E-Tax Offering Has Gone Live, 20 Banks on Board
In April last year, Markit signed a partnership agreement with tax compliance software and consulting company, Compliance Technologies International (CTI) in order to integrate CTI’s electronic W-8 application for the US Internal Revenue Service (IRS) with Markit Document Exchange’s counterparty document solution. Based on this work, the vendors have launched their E-Tax offering, aimed at…
US Financial Reform Bill Includes Key Data Standardisation Recommendations
The recently published US Financial Reform Legislation Bill contains important data standardisation proposals including the establishment of an Office of Financial Research to monitor and collect data from across the industry. The new regulatory body would include a data centre that would be charged with doing the legwork, namely collecting, validating and maintaining all the…
Eurex Clearing Introduces Real-time Risk Management for All Customers
Eurex Clearing successfully launched its new “Enhanced Risk Solution”, a real-time risk data distribution service. Europe’s largest clearing house is the first central counterparty worldwide to offer risk management and margining data in real-time to its trading and clearing members. This innovative service further expands Eurex Clearing’s existing state-of-the-art risk management tools. The Enhanced Risk…