A-Team Insight Knowledge Hub RTI The latest content from across the platform
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…
Recorded Webinar: Practical Applications of the Global LEI – Client On-Boarding and Beyond
This webinar has passed, but you can view the recording here. With the March ‘launch’ of the global legal entity identifier (LEI), the marketplace now officially has a standard it can use for managing entity data. Post-Credit Crunch, the lack of such a standard has forced firms to embark on their own initiatives to create…
Financial Stability Board Suggests Centralised Trade Data Aggregation System for OTC Derivatives Market
The Financial Stability Board (FSB) is addressing issues of data aggregation for regulatory purposes in the OTC derivatives market with the suggestion of ‘a centralised or other mechanism to produce and share global aggregated data as a complement to the direct access by the different authorities to data held by trade repositories’. The FSB notes…
Quantifi Stresses Data Management Requirement for Basel III Credit Risk
Quantifi has built out its counterparty credit risk platform to meet the capital requirements of Basel III. But the company warns that data aggregation and management coupled to a centralised approach to the regulation are essential to full compliance and managing the cost of capital. Basel III regulation was finalised in June 2011 and will…
Fenergo Tackles the Compliance Issues of Client Onboarding
Fenergo, a provider of customer lifecycle management software, lambasts the state of financial institutions’ client onboarding in a recently published white paper, but also proposes solutions to the inherent onboarding problems of data management and evolving regulation. The white paper – entitled ‘Client Onboarding: Solving the Challenges, Maximising the Opportunities’, researched with New York-based banking…
Aktia Retail Bank Selects SunGard Ambit Solution for Capital Management
Finnish retail bank Aktia is extending its use of SunGard’s Ambit risk and performance management solutions with the addition of Ambit Capital Management. The capital management application will replace a legacy vendor system, automate previously manual processes and deliver greater transparency and visibility of capital across the bank’s predominantly retail lending business. Aktia already uses…
WM Datenservice Leads Effort in Europe to Issue pre-LEI Entity Identifiers
WM Datenservice, acting as a pre-Local Operating Unit (LOU) in the global legal entity identifier (LEI) system, has registered 10 German companies with pre-LEI codes called German Entity Identifiers (GEIs) since it started issuing codes early this month. WM suggests it could issue GEIs to companies outside Germany if more pre-LOUs are not up and…
A-Team Webinar Details the Need for Independent and Transparent Security Valuations
Independent and transparent security valuations have become essential to financial institutions that must meet growing regulatory requirements with a focus on valuations and liquidity. Panel members joining this week’s A-Team Group webinar, Managing Valuations Data for Optimal Risk Management, agreed that independence and transparency are key to valuations, and highlighted growing market understanding and interest…
CFTC Data Crisis Provides Lessons for Developers of the Global Legal Entity Identifier System
The Regulatory Oversight Committee (ROC) of the global legal entity (LEI) initiative has yet to comment publicly on the data crisis at the Commodity Futures Trading Commission (CFTC) involving the use of pre-LEI CFTC Interim Compliant Identifiers, or CICIs, in swaps reporting. But it must be observing the situation – and absorbing valuable lessons learned…
GoldenSource Extends Enterprise Data Management Solution to Include LEI
GoldenSource has enabled its enterprise data management (EDM) software to support legal entity identifiers (LEIs), but notes that early users are seeking point solutions to address tax requirements including the LEI rather than addressing the LEI as a means of gaining a consistent and accurate view of clients and counterparties that can improve onboarding and…