RegTech Insight Risk Technology The latest content from across the platform

Wachovia Taps Teradata For Basel II Preparation

As part of a new risk management programme, U.S. bank Wachovia is implementing data warehousing technology from NCR subsidiary Teradata. It will use the technology to consolidate its existing disparate risk databases into a centralized warehousing environment. The vendor says the new risk data platform will also enable the bank to meet the data management…

Survey Finds 75% of Firms Plan More Reference Data Automation

The more things change the more they stay the same. This seems to be the overriding message in the results of the second annual AIM Global Data and Risk Management Survey. As with the previous year’s findings, the 2005 survey results showed that financial institutions all over the world are undertaking considerable efforts to deepen…

Algorithmics Partners with Banks For Credit Risk Data Initiative

Algorithmics has entered an agreement with the Pan-European Credit Data Consortium (PECDC), a credit risk data pooling initiative by European banks, to provide products and services to help satisfy pending Basel II IRB requirements for the staging, structuring and validation of historical default, loss and recovery data. Under the agreement, each PECDC member bank will…

AIM Gets Into Corporate Actions

AIM Software has introduced a new module to manage corporate actions data within its GAIN data management platform. The Gain Corporate Actions Dairy System (CADS) will manage corporate actions data delivered in ISO 15022 or other formats. The data will be sourced from a variety of providers including Swift, Telekurs Financial, Reuters, FT Interactive Data,…

London Stock Exchange Enters Counterparty Service Pilot Tests

The London Stock Exchange is entering pilot testing of a new counterparty data matching and cleansing service, in a bid to further expand its reference data services.  Though the Exchange has not yet officially announced the development as it aims to validate the space and its product first, Reference Data Review understands that it demonstrated…

The Impact of MiFID

Markets in Financial Instruments Directive (MiFID) has been described as pure cost pain for little liquidity gain by some. What might the impacts be for the financial services firms in terms of conduct of business, data management and best execution and order-handling processes? asks Dr Anthony W Kirby, Fellow of European Think Tank Promethee and…

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…

MiFID: Will Firms be Ready by April 30, 2007? By Dr. Anthony W. Kirby, Founder, RDUG

The European Union’s pending MiFID initiative, or the Markets in Financial Instruments Directive, replaces the Investment Services Directive (ISD), which was originally adopted in 1993. The ISD defined “home” and “host” state regulators, establishing the conditions under which authorized investment firms and banks could provide specified services in other EU member states on the basis…

Shipperlee Rejoins S&P as European MD for Risk Solutions

Stuart Shipperlee is rejoining Standard & Poor’s as its new European managing director for the Risk Solutions division, based in London. Shipperlee, who will report to Gary Kearns, global leader for Credit Risk Services, was previously managing director of European operations for U.S. insurance ratings agency AM Best, and before that spent 10 years at…

Counterparty Link Raises the Bar For Counterparty, Entity Data

The launch a few weeks ago of a new company and eponymous data product, CounterpartyLink, signifies the growing demand for counterparty and legal entity data, fuelled by increasingly stringent regulatory requirements. To date, the main source of legal entity data has been Dun & Bradstreet’s Duns numbers, and more recently the joint Crosswalk initiative it…