RegTech Insight Regulations The latest content from across the platform
Financial Institutions Should Focus on Unstructured Financial Data in the Rush for Effective Risk Management, Warns ClusterSeven
Financial institutions will continue to report high profile instances of data mismanagement and fraud unless they take 100% control of the vulnerable financial data files that move and manipulate information between their business systems. These include files known as CSVs* (comma separated variable), plus spreadsheets and Microsoft Access Databases. Systemic failings in the way these…
Prominent German Pension Fund Selects SimCorp Dimension
A renowned German occupational pension fund with more than EUR 6bn under management has selected SimCorp Dimension as its future investment management system. SimCorp Dimension will be used as a seamlessly integrated solution, from portfolio management to accounting, for the firm’s entire range of investments. Critical to the pension fund’s choice of SimCorp Dimension was…
ISDA Reiterates Support for Global Trade and Counterparty Exposure Repositories in Comment Letter on CPSS/IOSCO Consultative Report
The International Swaps and Derivatives Association, Inc. (ISDA) filed a comment letter on September 23 with the Committee on Payment and Settlements Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) in response to their consultative report on over-the-counter (OTC) derivatives data reporting and aggregation requirements. In the letter, ISDA reiterated the need for…
LBBW Takes Control if its Data with Xenomorph’s TimeScape
As part of its market data management project to improve the internal model for Market Risk calculations, LBBW (Landesbank Baden-Württemberg), one of Germany’s largest banks, has implemented Xenomorph’s TimeScape analytics and data management solution. TimeScape provides the bank with a high performance data management system which enhances risk management, delivers validated market data based upon…
Opinion: MiFIR – Flat-Packed Furniture Without the Instructions?
By Matthew Coupe, director of sales and marketing, Redkite Financial Markets The proposed Markets in Financial Instruments Regulation (MiFIR) has left me questioning what this piece of European regulation is actually going to achieve. Will the final legislation give the financial industry a set of clear-cut rules to follow and be accountable to? Or is…
Thomson Reuters Grows Legal Entity Data Solution to Address Risk Management and Regulatory Compliance
Thomson Reuters today announced the launch of an expanded legal entity data solution, which will be available for retrieval via Thomson Reuters DataScope Select and Thomson Reuters DataScope Onsite. This offering significantly expands the firm’s legal entity content capability, which is approaching coverage of 1 million entities across nearly 250 markets and 50 languages. Thomson…
A Blueprint for a European Consolidated Tape – Data Consolidation is a Top Priority for EFAMA under MiFID II
The European Fund and Asset Management Association (EFAMA) published today a Blueprint for a European Consolidated Tape intended to permit greater certainty amongst investors as to prices, best execution, valuation and performance measurement, leading to further reductions in direct and indirect costs of trading for investors. The liberalisation of trading venue regulation under MiFID has…
IMA Highlights Danger of Systemic Risk Data Overload in AIFMD Response
In its response to the European Securities and Markets Authority’s (ESMA) consultation on the Alternative Investment Fund Management Directive (AIFMD), the UK’s Investment Management Association (IMA) highlights the danger of overloading regulators with too much data for the purposes of systemic risk monitoring. IMA director Julie Patterson indicates that under the directive as it currently…
Societe Generale Securities Services appoints Jochen Meyers as Managing Director for Sales & Relationship Management, Germany and Austria
Societe Generale Securities Services (SGSS) has appointed Jochen Meyers as Managing Director for Sales & Relationship Management in Germany and Austria. He will report to Mathieu Maurier, Global Head of Sales and Relationship Management. Jochen Meyers has over 16 years experience in the German securities services industry. He will be responsible for pursuing SGSS’ outstanding…
Virginie’s Blog – Are Valuations Vendors Making the Grade?
Back in July, I touched upon some of the findings of our valuations benchmarking efforts in the North American markets, noting that many buy side firms in these markets want vendor performance to improve to meet their current and future needs. Well, the full report is finally available to download (see here) and it seems…