Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
EACH Supports the Introduction of a CCP for OTC Derivatives
The European Association of Central Counterparty Clearing Houses (EACH) has published a paper that indicates its support for the introduction of central clearing counterparties for the OTC derivatives markets. The industry association believes a CCP can serve as part of the blueprint to effectively mitigate counterparty risk and improve operational efficiency in the OTC derivatives…
Markit Launches Multi-bank, Cross Asset Client Valuations Platform
Following 12 months of development, Markit has finally launched its new multi-bank, cross-asset client valuations platform with much fanfare. The new platform has been developed in partnership with six banks and a couple of buy side firms and purports to provide a secure, standardised view of OTC derivative positions and valuations across counterparties. The platform,…
DTCC’s Loan/SERV Adopts Markit’s New Entity Identifier System
The Depository Trust & Clearing Corporation (DTCC) has adopted Markit’s new entity identifier system for loans processed by its suite of services for the syndicated loan market, Loan/SERV. According to DTCC, the collaboration between the two vendors is aimed at reducing operational risks within the processing of syndicated loans by the introduction of standard, unique…
ISITC Working Group Releases Reference Data Best Practices for SSIs
The International Securities Association for Institutional Trade Communication (ISITC) market practice group on reference data has released a set of new market practices, which it says will be up for discussion at its next industry forum in March. The focus of the new recommendations is on custodian and broker standing settlement instructions (SSI) data and…
Bankers Almanac Re-launches Due Diligence Repository with Wider Coverage and Enhanced Audit Processes
Bankers’ Almanac has re-launched its industry Know Your Customer (KYC) solution, the Due Diligence Repository, with added data coverage and enhanced audit processes aimed at reducing the need for re-checking of documentation. The vendor indicates the new additions have been developed with the assistance of industry practitioners from the Wolfsberg Group and the member banks…
CCP Principles Can be Applied to Bilateral World of OTC Derivatives, Says Adsatis
Following on from its white paper last month, London-based consultancy Adsatis has published another report looking into the clearing counterparty (CCP) approach in comparison to bilateral agreements with regards to OTC derivatives. Adsatis consultant and author of the white paper, Bill Hodgson, reckons firms can apply aspects of the CCP approach to a non-CCP environment….
Avox and Asset Control Integrate Business Entity Data Service with EDM Solutions
Asset Control has decided to partner with entity data vendor Avox in order to extend its offering in the counterparty data business. The EDM vendor has integrated Avox’s business entity data service, including entity data and proprietary universal identification codes, into its solutions, AC Plus and Tapmaster. The vendors claim the combined solution will provide…
Dealogic Selects CounterpartyLink to Provide Legal Entity Data for Next 3 Years
Workflow and analytics solution provider Dealogic has selected CounterpartyLink to provide it with legal entity data in order to ensure that the vendor and its clients have access to a single and unique view of each legal entity that is being processed between the parties. The vendor opted to sign the three year agreement with…
Financial InterGroup Advisors Calls for Establishment of Central Counterparty for Data Management
The lack of a standardised source for reference data is at the heart of the problems surrounding European clearing and settlement, according to strategic advisory firm Financial InterGroup. The comments come in response to the request by the Committee of European Securities Regulators (CESR) to provide feedback on its consultation paper on recommendations for securities…
Regulation and Risk Will Force Banks and Hedge Funds to Tighten EDM Controls, Says Tabb Group
Current market conditions and the threat of impending regulatory changes will force banks and hedge funds to revise their enterprise data management (EDM) strategies to improve transparency, according to recent research from analyst firm Tabb Group. Adam Sussman, director of research at the firm and author of the report, reckons requirements for better risk management…