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Opinion: Data Management – Keeping the Financial Market Airborne
By Martijn Groot, VP Product Strategy, Asset Control In this new era of stress testing, how many financial institutions risk being grounded by the financial equivalent of air traffic control for failing to meet the new, challenging risk requirements? The production of risk and stress data is no longer a one off risk management exercise…
Fonetic Fuses Trade and Communications Data to Deliver Automated Trade Reconstruction
Fonetic has fused information on completed trades with all the voice and text communications associated with the trades to deliver a linguistics-based automated trade reconstruction solution. Called ATR integra, the solution is powered by a proprietary algorithm and can replace time-consuming manual reconstruction processes with automated collection, analysis and matching of trade and communications information….
Achmea Combines Eagle Data Management with BNY Mellon Services to support Solvency II Compliance
Achmea, the largest insurance company in the Netherlands, is up and running with a Solvency II compliance solution that combines cloud-based enterprise data management from Eagle Investment Systems with data stewardship and administration services from its parent BNY Mellon. The company has been a BNY Mellon client since 2008, with BNY Mellon acting as its…
Global LEI Foundation and Regulatory Oversight Committee Address Data Quality and Hierarchy issues of Global LEI System
The Global Legal Entity Identifier System (GLEIS) is making significant progress as the Global LEI Foundation (GLEIF) makes operational improvements to the system and the Regulatory Oversight Committee (ROC) prepares a consultation paper on how hierarchy data can be added to the business card data already attached to LEIs. On the operational front, the GLEIF…
Thomson Reuters TRPS Plus Provides Transparency into Evaluated Pricing of Structured Notes and OTC Derivatives
Thomson Reuters continues to build out its pricing service with the addition of Thomson Reuters Pricing Service Plus (TRPS Plus), a DataScope Select service offering transparency into the evaluated pricing of structured notes and hard to value OTC derivatives. TRPS Plus follows the company’s April 2015 introduction of AskTRPS, a price challenge tool for fixed…
DTCC Recommends Data Harmonisation Across Trade Repositories
DTCC has recommended that global trade repositories in the OTC derivatives market should harmonise 30 data fields that are critical to financial stability and systemic risk analysis. The company, which operates Global Trade Repository, the industry’s largest derivatives trade reporting service spanning nine jurisdictions, made its recommendations this week to the harmonisation working group overseen…
Broadridge Offers Multi-Tenant Managed Data Service with Focus on Data Quality
Broadridge has built on its experience of delivering managed services for reference data with the provision of a multi-tenant managed service that has a focus on data quality and is designed for both buy and sell side firms. The Broadridge Managed Data Service covers terms and conditions, pricing and valuations, and corporate actions data across…
AxiomSL Offers AnaCredit Reporting and Prepares for CRS and MiFID II
AxiomSL is ready to support the reporting requirements of the European Central Bank’s (ECB) Analytical Credit Dataset (AnaCredit) regulation, which is expected to affect a large number of financial institutions in the European Union and is due to be implemented in stages from the end of 2017. AnaCredit aims to create a central register of…
Time to put Legal Contract Data Front & Centre
By Akber Datoo, Founder and Partner, D2 Legal Technology LLP Every financial institution knows the essential importance of legal contract information – it underpins everything from regulatory compliance and the management/optimisation of capital, liquidity and collateral. So why are just 16% of organisations completely satisfied with the current level of contract data accuracy? The implications…
Shifting Sands: Tracking the Evolution of Electronic Execution
Brokers are facing more pressure than ever before to ‘get it right’ with respect to trade execution in an increasingly complex market landscape. The EU’s MiFID II and other regulations around the globe are placing electronic execution in the spotlight. To meet the more onerous rules, brokers will need to bolster their execution infrastructures significantly….