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CPSS and IOSCO Trade Repositories Paper Promotes Global LEI and International Product Classification System

The Committee on Payment and Settlement Systems (CPSS) and the International Organisation of Securities Commissions’ (IOSCO) joint working group last week produced a consultative report on the means via which OTC derivatives data should be collected, stored and disseminated by trade repositories across the globe. The report notes the information gaps that currently exist in…

New Report Calls for Banking Community to Define Regulatory Data Standards to Control Spiralling Compliance Costs

A new preliminary report launched today titled ‘Strong Foundations for Regulatory Reform?’ finds that the monetary implications for financial services firms that fail to establish a more consistent data management plan can be immense. While there is currently no public sector assessment of the cost to comply, initial research studies suggest it will be in…

MoneyMate Launches DataManager Version 1.6

MoneyMate, a specialist provider of investment data quality management solutions, today announced the availability of version 1.6 of DataManager, a cloud platform that enables global asset managers to oversee and control the quality, accuracy and timeliness of their client-facing product data. Featured additions to the platform include a new micro-site module and increased functionality around…

EXCLUSIVE: DTCC’s Chief Data Officer Ron Jordan on His Experiences at NYSE, Regulatory Developments and DTCC’s Future Plans

Earlier this year, the Depository Trust and Clearing Corporation (DTCC) appointed ex-NYSE Euronext market data guru Ron Jordan to the position of chief data officer (CDO) and gave him the responsibility of guiding DTCC’s commercial and regulatory data business activities. Reference Data Review speaks to Jordan about his career highlights in the exchange sector and how these…

Virginie’s Blog – The Coming of the Regulatory Data Empire?

Not only has the Swift/Depository Trust and Clearing Corporation (DTCC) alliance been backed this week by a Sifma led industry coalition group to act as the issuer and registration authority for the new legal entity identification standard, but the partners have also received the support of a number of these same associations to establish a…

Latest JWG Risk Research Finds Industry Unlikely to be Ready for 2012 Regulatory Environment

JWG, the independent financial regulatory think-tank, today released their latest research entitled ‘Clearing the risk MI bar?’ The report is based on a survey of 20 risk, data and finance professionals in 16 global financial institutions which was released in March 2011 as well as discussions with international trade associations, regulators and technology vendors. The…

Regulators Should Begin Work With the Data and Formats Already Being Reported, Says ICFR’s Ridpath

A lot has been said on the subject of systemic risk monitoring and the collection of macroprudential data over the last year or so (just look at the developments in the US around the Office of Financial Research for proof) and the International Centre for Financial Regulation (ICFR) is aiming to play its part in…

DTCC’s Not So Subtle Positioning

Last year, the Depository Trust & Clearing Corporation (DTCC) kicked off its bid to set itself up as an industry data utility with the acquisition of UK-based counterparty and entity data vendor Avox (see our coverage at the time here), but at that point, it was rather cautious about publically declaring its intentions in the…

Swift’s Recently Promoted Vandenreydt Calls for Global Coordination of Legal Entity ID Standards

Following its recent submission to the US Office of Financial Research (OFR) on the subject of legal entity identification, Swift’s Fabian Vandenreydt speaks to Reference Data Review about why he feels Europe and the US are on the same page with regards to standardisation of this space. Vandenreydt, who was recently promoted to head of Securities and…

DTCC Names Ronald Jordan Chief Data Officer

The Depository Trust & Clearing Corporation (DTCC) has named Ronald Jordan, a 26-year industry veteran, to the new position of chief data officer, effective immediately. As chief data officer, Jordan will be responsible for guiding DTCC’s strategy on matters related to DTCC’s commercial and regulatory data business activities. In the current re-regulatory environment, financial firms…