RegTech Insight Regulations The latest content from across the platform
EDMworks Debates the Data Management Demands of Regulatory and Business Change
As numerous regulations come into force this year and financial firms pursue product innovation, client retention and cost reduction, the pressure is on to deliver data management programmes that can absorb change and meet both regulatory and business requirements. The EDMworks Data Practitioner Network gathered recently to discuss the challenges and opportunities presented by regulatory…
Swift Replaces SwiftRef Event Data with SmartStream Global Holiday Calendar
Swift has added SmartStream Technologies’ Global Holiday Calendar to its SwiftRef reference data utility, replacing calendar data from Copp Clark and delivering global events data in real time. SwiftRef was introduced a couple of years ago and has since been developed with the addition of more data and more frequent updates. Patrik Neutjens, head of…
Eze Software Prepares a Data Management Solution for AIFMD Reporting
Eze Software Group is bringing its experience of data management for Form PF, a Dodd Frank reporting requirement, to reporting under the Alternative Investment Fund Managers Directive (AIFMD). It is also encouraging funds within the scope of the directive to meet this week’s Financial Conduct Authority (FCA) deadline to file a Variant of Permission (VOP)…
Swift Extends Messaging Services to Support Derivatives Trade Reporting under EMIR
Swift has extended its messaging solutions to support derivatives trade reporting under European Market Infrastructure Regulation (EMIR) that comes into play on February 12. The organisation is offering two solutions, one based on Swift FIN confirmation traffic and the other on Swift FileAct. Recognising the potential for Swift members to reuse their investments in the…
Opinion: Dangerous Data
By Philippe Verriest, Director, Euroclear Data is a vital component of our capital markets. Ensure this data is accurate, and you have a solid basis from which to make considered business decisions. Get it wrong and you risk contaminating many parts of the transaction chain. If there is one lesson that the global financial crisis…
Getting a Grip on Benchmark Contributions
A discussion of the issues surrounding bank-contributed market information for benchmarks and indexes. Recent scandals involving bank-contributed financial information – most notably 2010’s discovery of fraudulent contributions to the widely used the London Inter-Bank Offered Rate (LIBOR) benchmark – have underscored the lack of transparency and lack of control of the rates and prices financial…
Talking Reference Data with Andrew Delaney: AC’s Petti – Our Asset Is Under Control
Richard Petti – who recently took over as CEO of EDM platform provider Asset Control – is bullish about the company’s prospects after a rethink of strategy in the wake of its acquisition by LA-based private equity group Marlin Equity Partners. Some may have written off the stalwart data management supplier following this year’s messy…
Sapient Global Services Brings Close of Business Reporting Service to Market
Sapient Global Markets has responded to the need for commodity solutions for non-core operations with a managed end-of-day reporting service called Close of Business Service, or CoBS. The service is designed to help firms reduce reporting complexity and cost, and improve risk control and profit predictability. The service has been in use by a handful…
Chrinon Sets Up Open LEIs Website Offering Access to Legal Entity Identifier Data
Chrinon, a UK-based company that gathers and provides open access to company data under the OpenCorporates brand, has set up a website called Open LEIs to provide an interface to the Global Legal Entity Identifier System (GLEIS). The company has been involved in the development of the GLEIS since the beginning of 2012, serving on…
Global LEI System is Here to Stay but Needs Further Development
The global Legal Entity Identifier system (GLEIS) has made its mark in the market and is here to stay, despite the continuing absence of a Central Operating Unit (COU) that will run the system, a lack of data standardisation that should be sorted out by the COU and concerns about how well entities will maintain…