RegTech Insight Regulations The latest content from across the platform
Fenergo Tackles the Compliance Issues of Client Onboarding
Fenergo, a provider of customer lifecycle management software, lambasts the state of financial institutions’ client onboarding in a recently published white paper, but also proposes solutions to the inherent onboarding problems of data management and evolving regulation. The white paper – entitled ‘Client Onboarding: Solving the Challenges, Maximising the Opportunities’, researched with New York-based banking…
Talking Reference Data with Andrew Delaney: Doing the DMS Rounds
Such was the success of our Data Management Summit last month that I have had my arm severely twisted and – under duress – have agreed to host another event in the autumn. We’ll be holding DMS – same time, same place – on October 3, so if you missed us last time around you’ll…
Aktia Retail Bank Selects SunGard Ambit Solution for Capital Management
Finnish retail bank Aktia is extending its use of SunGard’s Ambit risk and performance management solutions with the addition of Ambit Capital Management. The capital management application will replace a legacy vendor system, automate previously manual processes and deliver greater transparency and visibility of capital across the bank’s predominantly retail lending business. Aktia already uses…
WM Datenservice Leads Effort in Europe to Issue pre-LEI Entity Identifiers
WM Datenservice, acting as a pre-Local Operating Unit (LOU) in the global legal entity identifier (LEI) system, has registered 10 German companies with pre-LEI codes called German Entity Identifiers (GEIs) since it started issuing codes early this month. WM suggests it could issue GEIs to companies outside Germany if more pre-LOUs are not up and…
A-Team Webinar Details the Need for Independent and Transparent Security Valuations
Independent and transparent security valuations have become essential to financial institutions that must meet growing regulatory requirements with a focus on valuations and liquidity. Panel members joining this week’s A-Team Group webinar, Managing Valuations Data for Optimal Risk Management, agreed that independence and transparency are key to valuations, and highlighted growing market understanding and interest…
Kove Proposes Memory-Disk Storage for Intra-Minute Risk Analysis
Kove, a provider of high-performance storage systems, is pitching the possibility of intra-minute risk analysis based on its memory-disk storage technology that includes highly deterministic input/output to allow data to be moved extremely quickly and central processing units (CPUs) supporting applications to run at 99% capacity. To test the performance of its storage in a…
CFTC Data Crisis Provides Lessons for Developers of the Global Legal Entity Identifier System
The Regulatory Oversight Committee (ROC) of the global legal entity (LEI) initiative has yet to comment publicly on the data crisis at the Commodity Futures Trading Commission (CFTC) involving the use of pre-LEI CFTC Interim Compliant Identifiers, or CICIs, in swaps reporting. But it must be observing the situation – and absorbing valuable lessons learned…
GoldenSource Extends Enterprise Data Management Solution to Include LEI
GoldenSource has enabled its enterprise data management (EDM) software to support legal entity identifiers (LEIs), but notes that early users are seeking point solutions to address tax requirements including the LEI rather than addressing the LEI as a means of gaining a consistent and accurate view of clients and counterparties that can improve onboarding and…
Mizuho International Builds on Relationship with Wolters Kluwer for Basel III Reporting
Mizuho International, the London-based securities and investment banking arm of Mizuho Financial Group, is building on an existing regulatory data management relationship with Wolters Kluwer Financial Services to meet the needs of Basel III reporting. The bank has licensed Wolters Kluwer’s Basel III compliant common reporting (CoRep), financial reporting (FinRep) and liquidity coverage ratio modules…
Thomson Reuters Details Growth of Due Diligence around Evaluated Pricing Providers
Thomson Reuters experienced a four-fold increase in due diligence meetings examining its role as an evaluated pricing provider in 2012, signalling growing pressure on financial firms to check the viability of their content providers and underlining extended expectations of transparency. Jayme Fagas, head of evaluated pricing, enterprise content, at Thomson Reuters and a speaker at…