A-Team Insight Knowledge Hub RTI The latest content from across the platform
UnaVista to Offer Transaction Reporting Service
The London Stock Exchange announced today that the Financial Services Authority (FSA) has given UnaVista Approved Reporting Mechanism (ARM) status for transaction reporting. In addition to providing the basic validation services required under MiFID, UnaVista will offer firms validation tools to monitor the quality of their transaction reports, significantly reducing the risk of providing incorrect…
BNY Mellon Asset Servicing Enhances Reporting Capabilities for Derivatives and Fair Value Requirements
BNY Mellon Asset Servicing, the global leader in securities servicing, has enhanced its Workbench reporting platform to assist institutional clients comply with recent rule changes related to derivatives accounting and disclosure in international markets. These changes are being driven by updates to Governmental Accounting Standards Board (GASB) Statement No. 53, Accounting and Financial Reporting for…
Regulators are Cracking Down on Counterparty Identifiers in Line with the MiFID Review
The UK Financial Services Authority’s (FSA) recent fining of German bank Commerzbank for its transaction reporting failures is just one instance of the regulator’s current focus on the data details of a firm’s business. One of the underlying problems in Commerzbank’s case was the incorrect allocation of counterparty codes and the use of proprietary codes for…
What the Industry Wants the Regulators to Know About Reference Data…
As noted in my previous blog, a regulatory driven reference data utility is on its way for the US market, but it seems that not many of you out there are convinced this is the right step to be taking. My fellow panellists at a recent corporate actions focused event in London indicated that they…
IOSCO Confirms Hedge Funds Will Need to Provide Regulators with 11 New Data Sets in September
Following the publication of the new agreed template for the global collection of hedge fund data by the International Organisation of Securities Commissions’ (IOSCO) Technical Committee in February, the regulator has confirmed that these funds will have to start providing this data to national regulators at the end of September. Aimed at better monitoring risk…
Volante Announces Support for Swift SR 2010 and EBAM
Powering finance with data management innovations, Volante Technologies, today announced the availability of updates to the Volante product suite with support for the latest Swift Standards Release 2010 as well as EBAM (Electronic Bank Account Management). Available as plug-ins to Volante integration tools, these include fully functional versions of the newest ISO 15022 and ISO…
Swift’s Mansur and DTCC’s Hands Champion Global Use of XBRL for Corporate Actions, Pilot to be Launched by Year End
What is good for the US market, could also be good for the rest of the world, contended Max Mansur, global market manager for Asset Servicing at Swift, and David Hands, director of asset services product management at DTCC Solutions, when speaking about the benefits of XBRL for the corporate actions market. The work going…
UK FSA Slaps Commerzbank with £595,000 Fine for Transaction Reporting Data Failures
The UK Financial Services Authority (FSA) has fined Commerzbank £595,000 for transaction reporting failures stemming from underlying data errors, including the use of multiple internal codes for the same counterparties. The German bank’s fine may be a fraction of the £2.45 million imposed on Barclays last year, but it indicates that the regulator is continuing…
US Federal Home Loan Banks Live on Principia Structured Finance Platform for 15 Years
Principia Partners, a solution provider for the management and administration of structured finance investments, today announced that the US Federal Home Loan Banks (FHLBanks) of Atlanta, Boston, Cincinnati, Des Moines and New York have now been successfully using the Principia Structured Finance Platform (Principia SFP) for 15 years. The five regional home loan banks, which…
Bank Bukopin Selects FRSGlobal’s IFRS solution
FRSGlobal today announced that Bank Bukopin has selected FRSGlobal’s International Financial Reporting Standards (IFRS) solution. The deal was signed in collaboration with associate partner PT Nexia Indonesia Advisory Services (PTNIAS) – a partnership that was formed as part of FRSGlobal’s commitment to the Indonesian market. Tri Joko Prihanto, finance and planning director of Bank Bukopin,…