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A-Team Group Webinar Discusses Regulation and Risk as Data Management Drivers
Increasing regulation of financial markets, including current regulations such as Dodd Frank, EMIR and Fatca, and forthcoming regulations such as Solvency II and BCBS 239, is forcing many firms to change their data management processes in order to achieve compliance. Offering information and advice to data management practitioners tackling the demands of regulation, this week’s…
Thomson Reuters Adds Data Service to Support Solvency II Compliance
Thomson Reuters has pulled together the datasets required by insurance companies and asset managers to comply with the capital adequacy and disclosure obligations of Solvency II. The company’s Solvency II Data Service is available through the Thomson Reuters DataScope Select delivery platform and falls in line with company strategy to support clients with reference data…
How Often Do You Screen Counterparties for Risk?
An interesting recent poll about compliance shows that 45% of firms screen their counterparties for risk on a daily or weekly basis. But a quite significant 39% still screen only annually. A remaining 10% screen monthly or quarterly, and 6% just one-time only at on-boarding. We can only believe that the frequency with which firms…
Talking Reference Data With Andrew Delaney: Back to School
Our five-year-old was stunned this morning when I told her she was starting school tomorrow, this after having spent weeks, nay months, in preparation – buying uniform, signing up for music lessons, selecting a lunchbox, choosing sandwich flavours and the like. Happily, she was thrilled with the news. I feel equally thrilled to be back…
Etrali Develops Solution for Market Communication Requirements of MiFID II
Financial firms subject to MiFID II must tackle the problem of recording, retaining and providing access to market communications in order to comply with the regulation’s data retention requirements and satisfy any increased regulatory scrutiny of recorded calls and emails. Robert Powell, global head of compliance and product management at Etrali Trading Solutions, says many…
Opinion: “Big Data” Analytics will Play an Important Role in the Fight Against Payments Fraud
By Mike Urban, Director, Financial Crime Risk Management, Fiserv Fighting payments fraud has become one of the biggest challenges for financial organisations across the globe. In recent years there has been an explosion in both access channels and real-time payment methods meaning that monitoring financial transactions and ensuring that they are secure and legitimate has…
Eagle Investment Systems Supports Sovereign Wealth Funds
Eagle Investment Systems is working on enterprise data management (EDM) projects with an increasing number of sovereign wealth funds across Asia, the Middle East and South Africa as they recognise the need to invest in financial technology and operate along similar lines to large institutional asset managers. The drivers behind technology investment include the need…
SunGard Measures the Gap Between Data Reporting and Business Intelligence
The gap between financial data reporting and business intelligence has still to be closed at many firms as they struggle to move away from after-the-fact reporting and adopt proactive and investigative reporting strategies. The gap is often exacerbated by the use of multiple systems, but it can be narrowed by improving data management, automating reporting…
DTCC Pushes Forward with Clarient Client Reference Data Utility
DTCC is coming closer to delivering the client data and documentation utility it described last year as it tests the first release of Clarient Entity Hub ahead of general availability in the fourth quarter of this year. The company signed a memorandum of understanding to design and develop a utility that would support client on-boarding…
EMIR Reporting Continues to Pose Data Management Challenge
The reporting requirements of European Market Infrastructure Regulation (EMIR) continue to challenge financial institutions six months after they came into force and ahead of regulatory intent to fine firms that fail to report correctly under the regulation. Industry estimates suggest that, to date, only 1% of trades have been correctly matched under EMIR due to…