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Virginie’s Blog – Control
The recent woes at UBS with its own Nick Leeson/Jerome Kerviel (delete as desired) style rogue trader and this month’s MF Global bankruptcy investigation into its customer data practices have both highlighted an important aspect of data management: control. Whether it be data and system access concerns, or those related to the treatment of customer…
Virginie’s Blog – IOSCO and CPSS Consultation Sparks 32 Responses on OTC Derivatives Data Challenges (Part 1 of 2)
Last week, I looked at some of the data reporting requirements related to the systemic risk oversight developments going on in the US with regards to scrutinising the hedge funds and private equity markets (see more here), however, the US regulators have not been alone in their efforts on the data standards front. The International…
Compliance Specialist co-comply Signs Three New Contracts
co-comply, the compliance and governance software supplier to the institutional and hedge fund industries, announces that it has signed three new contracts in the hedge fund, wealth and institutional asset management markets. Esemplia Emerging Markets, the active emerging markets equity asset manager, has agreed an initial three-year license for all modules of co-comply – the…
Virginie’s Blog – Data Transparency and Ethics
The speech made by the US Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examination’s director Carlo di Florio at the National Society of Compliance Professionals meeting in Baltimore last week might have been a little heavy handed in its delivery (he referenced philosophers Plato and Aristotle, for one), but the message was…
BNY Mellon Launches Solvency II Asset Data Reporting & Governance Solution
BNY Mellon, the global leader in investment management and investment services, has launched a new data management solution to meet the European insurance industry’s Solvency II asset data reporting requirements. The new service, built around Eagle PACE(TM), Eagle Investment System’s data management platform, provides Pillar 3 Quantitative Reporting Templates (QRT) reporting. It also supports insurance…
Euroclear and Capital Precision Transform Equity Shareholder Identification
Capital Precision, part of global stakeholder relations firm King Worldwide, and Euroclear have today signed a co-operation agreement to centralise the provision of worldwide shareholder identification data to equity issuers in key markets. Capital Precision’s experience in obtaining comprehensive information on shareholder positions, through the application of its industry leading identification methodology, is complemented with…
BT’s Pickles Raises 10 Questions About the LEI Project
Last week’s legal entity identification (LEI) focused workshops in Basel, which were organised by the Financial Stability Board (FSB), allowed a number of financial industry participants and regulators to get together and discuss their views on the creation of a global utility and a new LEI standard. However, the event also raised a number of…
Andrew’s Blog – The Reawakening of Thomson Reuters
The past few weeks’ organisational regrouping in the wake of the departure of Thomson Reuters Markets CEO Devin Wenig over the summer has been supercharged by this week’s news of a complete restructuring of Thomson Reuters by CEO Tom Glocer. Glocer has named James C. Smith, currently chief executive officer of Thomson Reuters’ Professional division,…
IRM Appoints José Morago as Director
The Institute of Risk Management (IRM) is pleased to announce the appointment of José Morago to its board of directors with immediate effect. José is the European Enterprise Risk Director for Aviva, where he is responsible for risk oversight, governance and capital management of Aviva’s European operations in 12 countries. He is also responsible for…
Corporate Boards Vulnerable to Hacking and Information Theft, Says Thomson Reuters Survey
Most major corporations surveyed have significant security gaps that leave sensitive board-level information open to information theft and hacking. Those are among the findings of a new survey of board members of UK and global corporations conducted by Thomson Reuters Governance, Risk & Compliance. The findings are particularly noteworthy in light of recent news stories…