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A Rethink, Redesign and Retool is Needed for Systemic Risk Monitoring, Contends JWG’s Di Giammarino
In order to be able to properly monitor systemic risk, the industry first needs to understand the gaps in the current data framework and then rethink, redesign and retool the method of controlling “the system”, according to PJ Di Giammarino, CEO of JWG. Speaking at the FS Club event on systemic risk last week, Di…
Cadis Hosts SIX Telekurs Data
Cadis, the global EDM specialist, today announced the availability of a Cadis hosted version of SIX Telekurs’ main product, the Valordata Feed (VDF). The Cadis SaaS version will enable SIX Telekurs clients to consume all VDF data in any file format, at any latency within hours. Daniel Simpson, CEO of Cadis said: “Our hosted version…
B-next Launches MACOC:AML and MACOC:Fraud
B-next, a provider of market conformity software solutions to financial institutions, announces the release of MACOC:AML and MACOC:Fraud. B-next has partnered with Cellent Finance Solutions, a leading vendor in enterprise-wide analysis of risks and hazards, integrating its AML and fraud solution into its MACOC platform and can also connect to b-next’s MACOC:Cockpit. This MACOC:Suite offers…
CFTC Roundtable on Swaps Data Repositories Recommends Entity Identifiers Should be Kept Simple
As noted by Reference Data Review earlier this year, the US Commodity Futures Trading Commission (CFTC) is examining the data standardisation challenges underlying the provisions contained within the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the introduction of new swaps data repositories. To this end, last month saw the CFTC conduct a public roundtable…
UK FSA Contemplates Mandating the Introduction of Data Governance Staff and Systems
In keeping with its increased focus on the data details of firms’ transaction reports, the UK Financial Services Authority (FSA) is now contemplating mandating that firms appoint a data governance officer and introduce a data assurance programme to ensure that standards of data quality are being maintained. This is all part of its more intrusive…
Thomson Reuters’ Craig Talks up a More Integrated Approach to Risk Data
The launch of its new Governance, Risk and Compliance (GRC) business unit at the end of last month, is the culmination of two years of integration work behind the scenes at data giant Thomson Reuters. David Craig, who was recently appointed president of the business unit, explains to Reference Data Review that GRC is aiming to support…
Smart Collateral Management: Removing the Manual Processes
By David Campbell, Securities Product Manager, Investment Services and Nolan Gesher, Senior Product Manager, Risk and Compliance, Fiserv In 2009, 70% of all OTC derivatives trades were subject to collateral agreements, proving significant challenges. The lack of standardised processes, which can be a burden, also provides opportunities. By using systems and processes to address the…
SIX Telekurs Expands its Evaluated Pricing Business
Responding to the more stringent demands of the latest International Financial Reporting Standards (IFRS), and the increasing client need for transparency, SIX Telekurs has re-structured and expanded its Evaluated Pricing business. SIX Telekurs’ Evaluated Pricing is a solution which provides prices for a broad selection of fixed income instruments and derivatives, which are independent, transparent,…
JWG’s Di Giammarino Elaborates on Data Shortcomings of Industry’s Attempt to “Know Your Exposure”
Industry think tank JWG has just completed a research project into the industry’s level of preparation for the risk management challenges involved in the incoming tsunami of regulatory requirements that indicates a lot still needs to be done to get the right level of risk data consistency and accuracy. Conducted over the summer months and…
A Tower of Babel for Risk Data
There’s nothing better than a good analogy and this week’s JWG organised panel discussion on the topic of funds transfer pricing (FTP) saw one of the banking industry panellists (Chatham House rules prevent me from naming names) come up with a particularly good (if well used) description of the risk data challenge as one in…