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SIX Financial Information Takes Solvency II Compliance Solution to Market
SIX Financial Information has brought together the reference data requirements of Solvency II to deliver a compliance service that is available immediately and is being implemented with initial insurance clients ahead of take-up among asset managers. The service uses reference data already owned by SIX Financial Information as well as some new attributes. These include…
A-Team Hot Topic Webinar: Data Management – A Finance, Risk & Regulatory View
Business knowledge, data centralisation and data consistency are at the heart of successful data management for finance, risk and regulation, particularly as it applies to the complexity of financial institutions operating across multiple regulatory environments. The challenges to bringing these elements together are significant, but they can be tackled and results can include not only…
Global Legal Entity Identifier System is Moved Another Step Closer to Completion
The Regulatory Oversight Committee (ROC) of the global Legal Entity Identifier (LEI) system has taken another significant step forward with the endorsement of three pre-Local Operating Units (LOUs) and the exclusion of 3,000 pre-LEI CFTC Interim Compliance Identifier (CICI) codes from the system. It is also finalising the appointment of a board directors for the…
DMS Review: Regulation, Data Complexity Seen as Key Drivers in Coming 18 Months
Regulation will be the main challenge for data managers over the next two years, but it won’t be the only challenge as data complexity and volumes increase, business users demand better data, and unstructured data becomes part of the big picture. Still more, these challenges must be tackled in an environment of cost constraint. That…
Talking Reference Data with Andrew Delaney: A Little Less Talk and a Lot More Action
“Happy is the man … who before he dies, has the good fortune to sail the Aegean Sea” – Nikos Kazantzakis They say a change is as good as a rest, but a rest sure feels good. And so it is I’m back in the Old Smoke, getting to grips with the task at hand:…
LSE Details Go-Live of Pre-LEI as Regulatory Oversight Committee Reviews Global LEI System
The London Stock Exchange (LSE) is planning to go live with the issue of pre-legal entity identifiers (pre-LEIs) called Interim Entity Identifiers (IEIs) on July 31, following its confirmation June 6 as a pre-Local Operating Unit (pre-LOU) under the sponsorship of the UK Financial Conduct Authority. The exchange detailed its plans this week during a…
NYSE Euronext Subsidiary Takes Over Administration of Libor
NYSE Euronext subsidiary NYSE Euronext Rate Administration has been selected ahead of the London Stock Exchange as the new administrator of Libor. The transfer of administration of the benchmark from BBA Libor, a subsidiary of the British Bankers’ Association (BBA), follows an outbreak of attempts to manipulate Libor for financial gain last year and is…
Thomson Reuters Develops Accelus Governance, Risk and Compliance Platform
Thomson Reuters is building out its Accelus governance, risk and compliance (GRC) platform with an updated user interface for Accelus Risk Manager, additional workflow tools and further functionality including the company’s BoardLink portal, enhanced disclosure capabilities and e-learning. Thomson Reuters’ GRC business was established about three years ago, with the Accelus brand following about six…
A Recruiter’s View: On FPGAs, Big Data And Women
Three very interesting features have emerged in fintech recruitment in the first trimester of 2013. The on off nature of FPGA development has led to cluster hiring in the space, big data has taken strides forward and there has been a noticeable improvement in diversity as companies take steps to add more women to their teams. Suspicion…
A-Team Group Webinar Reveals Significant Issues in Development of the Global LEI System
The global legal entity identifier initiative is well underway with a Regulatory Oversight Committee providing governance and pre-Local Operating Units assigning legal entity identifiers, but the ultimate success of the system depends on the as yet unformed Central Operating Unit, the quality of entity data and its ongoing maintenance. These issues and more related to…