RegTech Insight Compliance 2.0 The latest content from across the platform

Telekurs Specifies Reference Data Changes for MiFID Compliance

Telekurs Financial has released further details of the reference data it is adding to its Valordata Feed (VDF) to help its clients comply with MiFID. These details add flesh to the bones of the announcement the vendor made late last year of its plans to address the data requirements of MiFID (Reference Data Review, November…

Holmes to Head Up New Cicada Subsidiary Focused on Compliance

Cicada has created a new subsidiary, Profiler Solutions, to focus on compliance. Headed by Cicada executive vice president Hubert Holmes, the new business unit will offer software solutions to help firms meet regulatory requirements around know your customer (KYC) and anti-money laundering (AML), based on its Profiler solution. As reported in Reference Data Review last…

CB.Net Adds Routing BICs to Directory to Aid SEPA Compliance

CB.Net is adding Swift-enabled routing BICs to its international payments directory BankSearchPlus, part of the CB.Net Payments Reference Data Service. The new capability, supported by the addition of an extra field to allow the identification of the routing BIC, is available as part of a standard upgrade to users of the vendor’s web-based service and…

Working Group Aims for U.K. Compliance with Corporate Actions Standards

A new U.K. Market Implementation Group (UKMIG) is aiming to harmonise U.K. national rules and practices relating to corporate actions processing, including distributions, shareholder rights and company reorganisations. The group, jointly chaired by the British Bankers’ Association (BBA) and CrestCo, is aiming to implement measures to remove Barrier 3, as set by the 2003 report…

JPMorgan WSS Launches Sites For Compliance Officers

JPMorgan Worldwide Securities Services has introduced two new websites targeted at chief compliance officers to help them meet various mutual fund compliance requirements. The U.S. Securities and Exchange Commission requires mutual funds to appoint COOs and implement comprehensive policies and procedures to prevent fund companies and advisors from violating SEC regulations and securities laws. The…

Soliton Enhances TimeSquare For Basel II Compliance

Soliton has enhanced its TimeSquare data management service to include an off-the-shelf cross-reference data model and cross-referenced ratings data to ensure credit risk compliance for Basel II. The cross-reference data model allows for the integration of multiple data vendor feeds using their proprietary identifiers, as well as supporting cross-referencing to other industry identifiers. It also…

Survey Finds Cost, Regulatory Compliance Key Drivers

A recent survey, conducted by Sun Microsystems and Morse, found that cost reduction and regulatory compliance are the key drivers of current business strategy. The findings are in line with those of A-Team’s survey Reference Data Now, commissioned by Reuters and available on their website (http://about.reuters.com/datascope). The Sun survey, conducted among 50 financial institutions, consultants,…

Due Diligence Repository to Provide KYC Data for Compliance

A new Due Diligence Repository has been created to provide banks with ‘know your client’ data needed to carry out compliance checks. The service has been developed by Bankersalmanac.com and in association with the Wolfsburg Group – a group of twelve global banks working towards standards for various regulatory requirements. It aims to provide a…

Deutsche Bank Taps Cicada, DSL for Global Know Your Client Compliance Project

As part of its global reference data management initiative, Deutsche Bank has contracted with Cicada Cos. to provide advisory and cleansing services to ensure compliance with Know Your Client (KYC) regulatory requirements. The German bank has adopted a risk-based approach to KYC compliance, which it believes has yielded many operational efficiencies and benefits as a…