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How Will the FSB’s Shadow Banking Taskforce Tackle the Data Standards Issue?

The Financial Stability Board (FSB) has recently indicated that its shadow banking taskforce is working on some recommendations for strengthening the oversight of the non-bank systemically important sector, which will necessarily require these firms to provide detailed legal entity structural and hierarchical data to the regulatory community. But how will the community tackle the oversight…

Major Study Finds Rapid Adoption of Hosted Email Compliance

Financial institutions are rapidly moving to hosted email compliance and storage services to deal with increasing costs, risks and regulations, according to a study conducted by Forrester Consulting. The study was commissioned by Bloomberg Vault, a service that helps corporations globally meet compliance, regulatory and eDiscovery requirements. The poll of 187 executives with responsibility for…

JWG’s Di Giammarino Promotes European Input into US OFR Developments Via New GRIS Group

European firms need to collaborate with each other if they are to provide practical input to important regulatory driven standardisation efforts such as the development of a new legal entity identifier by the US Office of Financial Research (OFR), according to JWG’s CEO PJ Di Giammarino. In order to facilitate this transatlantic feedback process, JWG’s…

Rand Report Explores Conflict Between European Data Privacy Laws and E-discovery Requests

FTI Technology, the e-discovery business segment of global advisory firm FTI Consulting, today announced the availability of a RAND Europe report entitled “E-Discovery and Legal Frameworks Governing Privacy and Data Protection in European Countries.” The complimentary report, which is available for download at the FTI Technology site, provides guidance on a common challenge for multinational…

Reference Data Rather Than Alcohol?!

Yesterday’s panel session on a reference data utility was surprisingly well attended, given the fact it was last thing on the first day of the conference and drinks were being served outside on the exhibition floor. Testament to the importance of the subject in an environment where everybody is waiting for the regulator’s hammer to…

Behind the Scenes

One week to go before Sibos and, according to Swift’s figures from today, there are 7,489 delegates signed up so far. Let’s hope at least some of that number care about reference data; otherwise the utility panel on the first day might be a little quiet (apart from the panellists that is). And it is…

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…

Vendor Partnerships Key to Success in Tackling KYC and Entity Data Challenge, Says GoldTier’s Tebaldi

The most effective manner in which to tackle the challenge of entity data management and meeting know your customer (KYC) requirements is by opting for a best of breed vendor approach, according to Matthew Tebaldi, president of client onboarding and KYC data management solution vendor GoldTier. To this end, the vendor has teamed up with…

Next Year’s European Data Privacy Reforms Could Potentially Have a Significant Impact on Data Storage and Access

The UK government has this month issued a call for evidence on the current European data protection legislative framework, ahead of European-wide negotiations on an update of the European Data Protection Directive 95/46/EC due at the start of next year. Reforms could potentially have a significant impact on the data storage and access requirements for…

Draft Agreement for EU-US Data Sharing on the Table with Plans for European-based Data Processing Centre

Following several months of debate, a draft agreement is finally on the table about data sharing arrangements between the US and Europe with regards to tracking terrorist financing. The potential compromise, which is to be voted on this week, could mean the eventual elimination of bulk transfers of data across the Swift network and the…