RegTech Insight Regulations The latest content from across the platform
BCBS 239: An Urgent Call to Overhaul Risk Data Management
BCBS 239 is a wide ranging regulation including 14 principles spanning risk data aggregation and reporting, IT infrastructure, and data governance. Implementation can provide significant business benefits, including an enterprise-wide view of risk, but the task is not without difficulties as banks face data management challenges such as data silos, legacy systems and poor data…
Tata Consultancy Services Details a Strategic Approach to BCBS 239 Compliance
As the January 2016 deadline for compliance with BCBS 239 approaches, banks are making substantial data management changes in order to meet the regulation’s requirement for on-demand enterprise-wide risk data aggregation and reporting. The task is not easy and includes data management challenges posed by data silos, legacy systems and poor data governance practices, but…
Velocimetrics Releases First Major TipOff Upgrade Since TSA Licensing Deal
In its first major release since licensing TS Associates’ TipOff latency measurement system a year ago, London-based infrastructure monitoring specialist Velocimetrics has unveiled a new range of high performance TipOff appliances, one of which offers more than six times the storage capacity of previous appliances. The new appliance range will also underpin future releases of…
FIX Reference Data Subgroup Update: Reference Data and MiFID II/MiFIR
By Chris Pickles, Co-Chair of FIX Trading Community’s Reference Data Subgroup and Member of the Bloomberg Open Symbology Team Reference data has traditionally been treated as a ‘back-office’ function – almost as though only data that is fast-changing has relevance to a firm’s trading operations. But for more and more firms today, reference data has…
Talking Intelligent Trading with Andrew Delaney: Plato Gets Its Socrates
Kevin Covington’s appointment to the board of Delta Capita this week underscores a perhaps more wide-ranging development: the emergence of the Plato Partnership, which named Delta Capita as its strategic consultant earlier this year. As you’re doubtless aware, Plato Partnership is an industry-led consortium that aims – in its own words – to offer “new…
Talking Data Management with Andrew Delaney: A Salesman to the Core
Anyone who’s ever met Rob Flatley will attest to the fact that he was born to sell CoreOne Technologies, and probably to Markit. And so it transpires that Markit has bought yet again in the enterprise data space, this time parting company with $200 million for CoreOne and its One-suffixed affiliates in the Symphony Group,…
Talking Intelligent Trading with Sarah Underwood: The Scapegoat of the Libor Scandal
The conviction of former UBS and Citigroup trader Tom Hayes on eight counts of conspiring to rig the Libor benchmark and the handing down of a 14-year jail sentence hit the headlines big time. The judge said Hayes was the centre of the conspiracy, the Serious Fraud Office acting as prosecutor said he was motivated…
Vendor Profile: Advent Software
Established in 1983, Advent Software is one of the old guard of investment management solution providers, but it has kept pace with the market and is expected to develop further following its acquisition by SS&C Technologies, which completed in July 2015. Together, the companies are creating a strategic plan for growth including extended cloud-based services,…
Opinion: ECB AnaCredit Project Will Subject Reference Data to a New Level of Scrutiny
By David Attenborough, Business Development Manager EMEA, AxiomSL The European Central Bank (ECB) is increasing its focus on credit risk. As part of the Analytical Credit Dataset (AnaCredit) project, it plans to create a centralised register of granular data about the credit granted by financial institutions in Europe to the non-financial sector. The regulator is…
Silverfinch Sets Up Wiki to Support Information Sharing on Solvency II Data Model
Silverfinch, a fund data utility designed to support asset managers and insurance firms in meeting the look-through requirements of Solvency II, has set up a Wiki page dedicated to helping industry participants resolve issues around the regulation before it takes effect in January 2016. The company has loaded the Solvency II tripartite data exchange template,…