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OFI Asset Management Selects Quantifi XL as its Pricing Tool for Structured Products and Distressed Markets
Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, today announced that OFI Asset Management has selected Quantifi XL for the pricing and analysis of their structured products and distressed market portfolios. OFI is one of Europe’s leading asset management firms, with deep experience in structured products and distressed…
BarCap’s Duncan Elaborates on Increased Regulatory Driven Investment in Risk Management
In line with the marked increase in risk related regulation this year, many financial institutions have been compelled to step up their efforts in the space in order to be able to cope with the deluge of new requirements. Speaking at last week’s FS Club in London, Ed Duncan, global head of regulatory liaison and…
Broadridge Announces New Tax Forms Plus Solution
Broadridge Financial Solutions today announced the rollout of Tax Forms Plus, a new application providing automated tax form processing for securities broker-dealers throughout Canada. With the Tax Forms Plus system, the creation, amendment, duplication and cancellation of a client’s tax forms has been dramatically streamlined, simultaneously offering enhanced scalability, security and flexibility. In addition, the…
UK FSA Warns Will be Examining Firms’ Data Practices Around AML
The UK Financial Services Authority (FSA) has given the industry a heads up in its latest newsletter that it will be scrutinising firms’ systems and controls around anti-money laundering data, especially for politically exposed persons (PEPs), over the course of the next five months and going into next year. Details of the regulatory project are…
WestLB Benefits from Vendor Collaboration for Data Management and KYC Efforts, Says Feast
German bank WestLB has benefited from the collaboration of all of the vendors involved in its know your customer (KYC) driven data management project, according to Sarah Feast, executive director of operations control for the bank. The bank took the decision to centralise its customer data in its Dusseldorf operations back in 2006 and has…
Xtrakter’s Response to CESR MiFID Review Highlights Costly Challenges of Client Identification
Following the publication of the Committee of European Securities Regulators’ (CESR) consultation papers on MiFID earlier this year, industry groups have submitted their responses to the proposals, including providing feedback on the potential data costs and system requirements to cope with the changes. To this end, the British Bankers’ Association (BBA) and Xtrakter Transaction Reporting…
Sutton Elaborates on RBC’s Four Priorities for Reference Data for the Next Three Years
Since her appointment at the end of last year, Julia Sutton, global head of reference data, including customer accounts and onboarding, for the Royal Bank of Canada (RBC), has been focused on prioritising the long list of reference data issues that need to be tackled within RBC over the next two to three years. The…
Entity and Counterparty Data in the Spotlight
Members of the JWG Customer Data Management Group speak to Reference Data Review about the upcoming hot topics in the area of entity and counterparty data. Challenging the Customer Data Conundrum PJ Di Giammarino, CEO of JWG A key theme within the well versed G20 93 point plan set out in spring 2009 was the call to…
DTCC Announces Intention to Establish European-based Derivatives Trade Reporting Repository
The subject of a European-based trade repository for the credit default swap market has long been a bone of contention between regulators and industry participants in the derivatives market, but it seems that the Depository Trust & Clearing Corporation (DTCC) is hoping to solve the issue by setting up a new subsidiary on European shores…
DTCC’s Avox Acquisition Boosts its Overall Utility Approach to the Market
Given its ambitions to become an all round data utility provider for the financial services markets, the Depository Trust & Clearing Corporation’s (DTCC) acquisition of UK-based counterparty and entity data vendor Avox this week comes as no surprise. DTCC has been gradually positioning itself as a utility provider, rather than your common or garden vendor,…