RegTech Insight Regulations The latest content from across the platform
Good Year for GoldenSource?
The announcement of record 2010 results this week by EDM vendor GoldenSource could come as a surprise to some, given the bashing that the concept of ‘golden copy’ has taken in the industry of late and the numerous (thinly veiled) references to the troubles being experienced by the more established EDM vendors in the market…
Questionable Motives?
I’ve spent a lot of the first two months of this year discussing the Office of Financial Research (OFR) with various industry participants, but a recent conversation brought to light something that hasn’t yet been fully explored in my previous blogs: the US government’s real motivation for standardising legal entity identification, beyond tracking systemic risk….
Interactive Data Awarded Second Patent For Fair Value Pricing Of An Asset
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that it has been granted a second patent by the US Patent and Trademark Office for the fair value pricing of a financial asset. This patent extends this business process generally to securities that are not actively trading in a…
Markit Calls for a Data Aggregator Within Swaps Data Repository Space
In its feedback to the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) joint proposals regarding reporting to swaps data repositories, derivatives specialist vendor Markit suggests the industry needs a data aggregator in order to gather together the data spread across the various repositories in the market. This indicates that Markit may…
ICFR Meeting Calls for Increased Consistency of Supervisory Data Collection, Global Coordination
The International Centre for Financial Regulation’s (ICFR) recent meeting on macroprudential data scoping highlighted a number of concerns related to the collection of data for the monitoring of systemic risk, not least of which was the need for global coordination among regulators. Attendees to the meeting, which took place earlier this month in London under…
Ecclesiastical Insurance Group Selects DataFlux for Solvency II Data Management Implementation
DataFlux, a provider of data management solutions, today announced that Ecclesiastical Insurance Group, a commercial insurance specialist, has selected DataFlux technology to support the implementation of its data management programme. This initiative will help enable compliance with the Solvency II Directive data requirements and improve operational efficiency. The DataFlux Data Management Platform will be deployed…
Macbeth Talks up the DTCC’s Data Repository Ambitions for 2011: More Markets on the Agenda
The Depository Trust & Clearing Corporation (DTCC) will be focusing on taking its services forward this year in line with regulatory developments, according to Stewart Macbeth, general manager of the DTCC’s Trade Information Warehouse (TIW). At the start of this year, it launched its automated portal for regulatory access to global credit default swap (CDS)…
JWG Risk Report Finds Penalties Will Drive Firms to Improve Their Risk Information
JWG, the independent financial regulatory analysts, today released their latest research entitled ‘The new business of risk management’. The report is based on interviews with over 120 professionals from more than 45 financial institutions, as well as suppliers, supervisors and other industry professionals. Their extensive research has found that the new, intrusive style of supervision…
UK FSA’s Response to MiFID Warns Against a One Size Fits All Approach to Data Standardisation
The recent joint response by the UK Financial Services Authority (FSA) and the UK Treasury to the European Commission’s MiFID proposals indicates that the regulators are concerned that a “one size fits all” approach towards data standards may be applied to non-equity instruments, as the directive is expanded beyond equities. The response, which comes in…
A Number of Firms Have Put Counterparty Mapping Projects on Hold, Pending the OFR’s LEI, Says GoldenSource’s Recent Hire Engdahl
The majority of firms that have already kicked off projects to map their issuer and counterparty data have opted to put them on hold, pending a decision being made with regards to the establishment of a standard legal entity identifier, according to Steve Engdahl, senior vice president of product strategy at EDM vendor GoldenSource. The…