Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
Counterparty Risk Should be Monitored Daily to Contain Systemic Shocks, Recommends CRMPG
As part of the industry’s drive to contain systemic risk, financial institutions should receive daily end of day counterparty risk reports, according to the Counterparty Risk Management Policy Group’s (CRMPG) recent report. The group was formed in April this year to examine the steps that must be taken by the private sector to reduce the…
The Counterparty Data Management Space is Evolving, Says A-Team, GoldenSource and CounterpartyLink
Senior managers have finally got a handle on counterparty data’s importance with regards to risk and entity exposure and they are now attempting to leverage it as an asset to fuel growth, according to recent research carried out by A-Team Group and sponsored by GoldenSource and CounterpartyLink. The research, entitled Counterparty Data Emerges as a…
Merger Costs Cut Thomson Reuters Profits by 54%
The US$15.9 billion merger of Thomson Financial and Reuters earlier in the year has had a significant impact on the merged entity’s profits as well as on its staffing levels. Substantial integration costs have caused the media group and financial data provider’s second quarter profits to fall by 54%. At the time of the merger,…
Talk of the town
I never thought I’d be saying this, given the glacial pace of change in this particular sector of the market, but it seems that corporate actions has been the talk of the town recently. Not only has the DTCC been forging ahead with its plans for XBRL and ISO, reported in last month’s issue, but…
Entity Data is a Natural Extension to Reference Data, FIMA Delegates Told
The industry is moving to an entity driven world and entity data is a “natural extension to reference data”, delegates to FIMA’s Entity Data Management conference in New York were told. This reliance on entity data is evident when a crisis like the collapse of Bear Stearns hits and firms are scrambling to identify exposure,…
Counterparty Risk Should be Monitored Daily, Recommends CRMPG
As part of the industry’s drive to contain systemic risk, financial institutions should receive daily end of day counterparty risk reports, according to the Counterparty Risk Management Policy Group’s (CRMPG) recent report. The group was formed in April this year to examine the steps that must be taken by the private sector to reduce the…
Interactive Data Completes €19 million Purchase of Italian Reference Data Supplier Kler’s
Interactive Data Corp. has completed the acquisition of Italian reference data provider Kler’s Financial Data Service Srl. for €19 million in cash. The move is part of Interactive Data’s plan to boost its presence in the European marketplace. Rome-based Kler’s provides corporate actions and taxation information, coverage of Italian and international securities including equities, listed…
Counterparty Data Has Become a Driver for Growth, Says A-Team Group, GoldenSource and CounterpartyLink
Senior managers have finally got a handle on counterparty data’s importance with regards to risk and entity exposure and they are now attempting to leverage it as an asset to fuel growth, according to recent research carried out by A-Team Group and sponsored by GoldenSource and CounterpartyLink. The research, entitled Counterparty Data Emerges as a…
Know Your Counterparty: The Importance of Centralised, Quality Counterparty Data
By Rick Enfield, product business owner at Asset Control The rise of alternative investment classes and derivative products corresponds with an increase in the number of counterparties financial institutions are dealing with today. While financial institutions have kept a close watch on systemic and operational risk factors, additional levels of investment complexity, coupled with a…
CB.Net Signs Agreement with Swift to Re-distribute BICs
CB.Net has signed an agreement to become a licensed re-distributor of Bank Identifier Codes (BICs) issued by Swift. The agreement will allow CB.Net to integrate BIC data into its flagship product and directory of international payments reference data, the BankSearchPlus database. Ian Dunning, managing director of CB.Net, comments: “It will greatly enhance the ease of…