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CFTC Meeting Highlights Funding Concerns, Might the Foot be Taken Off the Data Standards Pedal?
It may have appeared to be business as usual during the Commodity Futures Trading Commission’s (CFTC) ninth meeting on the Dodd Frank rulemaking this week, with position limits and swaps documentation requirements up for discussion, but comments by staffers indicate that pressing concerns about funding persist and may hold back key data standardisation initiatives. One…
Regulatory Pressure is Compelling Investment in Data Quality, Says Bank of America Merrill Lynch’s Dalglish
Regulatory pressure is compelling firms to plough investment into their data infrastructures in order to be able to ensure the consistency of the basic reference data underlying their businesses, according to Tom Dalglish, director and chief information architect at Bank Of America Merrill Lynch. Developments such as the Office of Financial Research also represent the…
Bank of America Merrill Lynch Focused on Building a Data Fabric to Support “Multiple Truths”, Says Dalglish
Bank Of America Merrill Lynch has moved with the times in terms of recalibrating the goal of its reference data project, thus the focus is no longer on merely establishing a single gold copy, rather it is on building a robust data fabric to support all of its downstream users’ requirements, according to Tom Dalglish,…
SEI Focuses on Providing Valuations Transparency and Independence to the Buy Side, Says Oakes
Middle office outsourcing solution provider SEI has recently upgraded its pricing and valuation offering for the buy side by adding more third party data feeds and a new online Manager Dashboard tool . June Oakes, solutions director in SEI’s Investment Manager Services Division, explains to Reference Data Review that the upgrade is aimed at ensuring its…
Odds On?
The more people I speak to, the more cynical I get about the future of the US Office of Financial Research. It seems that some are even close to running a book on how long it will be before the government backs away from the idea, given the changing political dynamics on Capitol Hill. In…
SEI Expands Middle Office Services with Enhanced Pricing and Valuation Capabilities
SEI today announced that it has extended its array of middle office services by enhancing its asset pricing and valuation validation solution for investment managers. The solution, which leverages the independent valuation and pricing models of industry leading third party pricing providers, is designed to provide managers with more accurate and independent pricing verification. The…
Industry Has Until 22 February to Respond to CFTC’s Legal Entity Identification Proposals for the Swaps Market
Following on from the series of roundtables last year conducted by the US Commodity Futures Trading Commission (CFTC) to examine the data standardisation challenges underlying the provisions contained within the Dodd-Frank Wall Street Reform and Consumer Protection Act, the regulator has published a set of proposals in the Federal Register regarding the identification of counterparties…
Starting 2011 with a Bang?
As well as the customary fireworks displays around the world, the start of 2011 has seen the transformation of what was once the Committee of European Securities Regulators (CESR) into the new (and supposedly improved) European Securities and Markets Authority (ESMA, see the new website here). But, apart from the obvious change in moniker, what…
CESR Champions Underlying Reference Data Standardisation in its Latest OTC Platform Trading Advice for MiFID
In its latest technical advice to the European Commission as part of the ongoing MiFID review, the Committee of European Securities Regulators (CESR) has reprised its data standardisation theme as the “preliminary step on the way to organised platform trading” of OTC derivatives. Progress within the front office is therefore predicated on getting the data foundations…
Senior Supervisors Group Report Highlights Need for Better Management of Risk Data
The aggregation of risk data remains a challenge within most financial institutions, according to a report released last month by the Senior Supervisors Group (SSG), which is comprised of 13 regulatory bodies from 10 countries. The report, Observations on Developments in Risk Appetite Frameworks and IT Infrastructure, indicates that although many firms have kicked off…