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DataFlux Gains Solvency II Momentum with New European Insurance Customers
DataFlux, a leading provider of data management solutions, today announced that nine European insurance firms have selected its technology over the past few quarters to underpin their Solvency II data management initiatives. The DataFlux Solvency II data governance framework is being used by firms to take practical steps to adhere to a wide range of…
Xtrakter to Offer New FSA Reporting for Derivatives Trades
Xtrakter, a leading provider of capital market data, trade matching and regulatory reporting, is now reporting derivative transaction data for clients to the UK’s Financial Services Authority (FSA) using a newly implemented industry format – the Alternative Instrument Identifier (Aii). In compliance with MiFID, the use of Aii for transaction reporting across Europe for derivatives…
SEI Introduces Functionality to Support UCITS IV Requirements
SEI announced today the launch of new tools designed to assist investment managers in meeting mandatory requirements under the Undertakings for Collective Investment in Transferable Securities IV (UCITS) Directive. SEI has developed an online solution to simplify the production and servicing of the required Key Investor Information Document (KIID), while also enhancing its portfolio compliance…
Who’s Certified to Operate as a Credit Ratings Agency in Europe?
As part of the regulatory crackdown on ratings agency in the post-crisis financial markets environment (and in accordance with Article 18(3) of the Credit Rating Agencies Regulation), the European Securities and Markets Authority (ESMA) is required to publish a list of all credit ratings agencies that have been registered or certified to operate in the…
Northern Trust Helps Clients Navigate the Foreign Account Tax Compliance Act (FATCA)
As part of its commitment to helping institutional clients manage the evolving regulatory landscape, Northern Trust hosted a webinar on 9 August 2011 that explored the impact of the Foreign Account Tax Compliance Act (FATCA) on fund managers. The webinar included an overview of FATCA, implications for fund managers globally and information on how Northern…
GlobeOp Launches Form PF Reporting Service for Hedge Funds Ahead of SEC Deadline
With the first SEC deadline for private fund (Form PF) reporting currently less than six months away for many large hedge funds and managed account platforms, GlobeOp Financial Services has launched a reporting service to specifically support the requirements. “Many funds with more than $1 billion in assets under management (AuM) potentially face their first…
IMS Launches SEC Service to Help Advisers & Managers Cope with Dodd-Frank
A new service has been developed by The IMS Group (IMS), the leading regulation and compliance consultancy, to meet the needs of non-US based investment managers affected by the imminent implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. More than three quarters of the hundred delegates at a recent IMS conference expressed…
CFTC’s Data Standards Subcommittee Chair Kirilenko Doles Out ‘To Do’ Lists for Each of its Four Working Groups
As well as a public meeting on the subject of swaps data repositories, last week also saw the first meeting of the Commodity Futures Trading Commission’s (CFTC) data standardisation subcommittee, which is chaired by CFTC chief economist Andrei Kirilenko. Attendees discussed the current obstacles to entity and product identification in the market, how international agreement…
New Report Calls for Banking Community to Define Regulatory Data Standards to Control Spiralling Compliance Costs
A new preliminary report launched today titled ‘Strong Foundations for Regulatory Reform?’ finds that the monetary implications for financial services firms that fail to establish a more consistent data management plan can be immense. While there is currently no public sector assessment of the cost to comply, initial research studies suggest it will be in…
LSE’s Acquisition of the UK FSA’s TRS for £15m Brings UnaVista’s Range of Functions to an Extended Client Base, Says Husler
The announcement this week that the London Stock Exchange (LSE) is in the process of acquiring the UK Financial Services Authority’s (FSA) approved reporting mechanism (ARM) is likely to be the first but not the last acquisition that the exchange operator will be making in the post-trade space this year, if CEO Xavier Rolet’s ambitions…