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European Commission Consults on Compilation of Indices and Benchmarks
The European Commission’s spotlight on data transparency has panned out to cover benchmarks and indices. Following the Libor scandal and the Commission’s move to amend proposals for market abuse regulation and criminal sanctions to clarify that any manipulation of benchmarks is illegal, it has issued a consultation paper on the production of benchmarks and market…
MoneyMate Proposes Solution to Holdings Data Issues of Solvency II
MoneyMate’s introduction of a look-through and reporting utility, which will provide data connectivity between insurance companies, asset managers and third party administrators, is aimed to support insurers that must comply with Solvency II and asset managers that want to protect the investment strategies they are using while providing necessary holdings data to insurers and their…
Talking Reference Data with Andrew Delaney: Let the LEI Games Begin
This week we’re publishing our long-awaited special report on the LEI: ‘What the Global Legal Entity Identifier Will Mean for Your Firm’. Frankly, it’s purpose is to do what it says on the tin: to help you figure out what you need to do about the most talked about development after the iPhone 5 (I…
Netik Transformation into CoreOne Leaves Little of the EDM Specialist at Large
Last week’s formal introduction of PrimeOne Solutions, a hosted prime brokerage service within the CoreOne Technologies group, marks the end of the first wave of CoreOne development and the final resting place of Netik, the enterprise date management company that was acquired by private equity firm Symphony Technology Group in 2008 and rebranded as CoreOne…
Verdande, Nastel Team for CBR-Based Operational Analytics
Verdande Technology and Nastel Technologies have teamed up to combine their case-based reasoning (CBR) and application performance monitoring (APM) solutions, respectively, to provide financial services organisations with predictive analytics to reduce system outages and to remain compliant with regulatory reporting. CBR allows for an adaptive “human” approach to problem solving that analyses data patterns in…
Friends Life Investments Start-up Implements Markit EDM Platform
Markit has made one of its first and fastest implementations of the enterprise data management (EDM) platform it acquired with Cadis Software back in June at Friends Life Investments, a start-up asset manager within Friends Life Group. Conversation between Friends Life Investments and potential technology providers started about six months ago ahead of a rigorous…
Market Participants Focus on the Cost, Adoption and Long-Term Success of the LEI
Issues of cost, adoption and long-term success dominated a debate on the legal entity identifier (LEI) held in London last week. The debate on ‘The Implications of Building a Global Legal Entity Identifier’ – organised by Interactive Data and Goodacre – featured speakers from DTCC, HSBC Securities, JP Morgan and Interactive Data. Mark Davies, vice…
The LEI Standard: Universal Acceptance
By Bill Meenaghan, Global Product Manager, Omgeo ALERT These are interesting times for the reference data industry. Ambitions for a universal standard to quickly and easily identify the legal entities of financial institutions globally may, at one time, have been considered over-ambitious. The global coordination and project management required to establish a universal standard –…
OFR’s Blaszkowsky Challenges Industry to Make Data Fit for Purpose
David Blaszkowsky, senior policy advisor at the US Office of Financial Research (OFR), has challenged perceptions of data management in financial markets, saying data is not a conundrum but a business problem that can be tackled in a way that other industries have tackled problems using a rigorous and judicious approach. Speaking at this week’s…
Interactive Data Joins the Growing Crowd of Solvency II Solution Suppliers
Interactive Data pitches into the Solvency II market today with a service based on existing technology plus one data element sourced from DTCC’s Avox. The company’s Solvency II Service is available immediately to help insurance companies, asset managers and fund administrators ready themselves for the first Solvency II deadline of January 1, 2013. By this…