Data Management Insight Regulatory Compliance The latest content from across the platform
S&P’s Purcell Discusses the European Commission’s Ruling Regarding US ISIN Pricing Practices
Given the industry debate that has been sparked by the European Commission’s agreement with Standard & Poor’s for the vendor’s Cusip Global Services (CGS) business to cut the fee it charges European customers to receive ISINs for US securities, Reference Data Review catches up with Darren Purcell, European director for CGS, to find out the vendor’s perspective….
Does the European Commission’s Ruling on S&P Regarding ISIN Pricing go Far Enough?
Some corners of the industry are not convinced that the European Commission’s recent ruling on Standard & Poor’s ISIN pricing commitments goes far enough, as evidenced by comments made by a number of industry associations including the European Fund and Asset Management Association (EFAMA) and the UK-based Information Provider User Group (IPUG) last week. It…
Full Backing for European Commission Consultation on Cloud Computing
The Cloud Industry Forum has warmly welcomed the news that the European Commission has launched a public consultation on the benefits that cloud computing can deliver. Launched by Neelie Kroes, European Commission Vice President for the Digital Agenda, the consultation is seeking views from citizens, businesses, public administrations and other interested parties on how to…
Latest JWG Risk Research Finds Industry Unlikely to be Ready for 2012 Regulatory Environment
JWG, the independent financial regulatory think-tank, today released their latest research entitled ‘Clearing the risk MI bar?’ The report is based on a survey of 20 risk, data and finance professionals in 16 global financial institutions which was released in March 2011 as well as discussions with international trade associations, regulators and technology vendors. The…
EFAMA Calls on the EU Commission to Protect European Data Users in the ISIN Case and Finds S&P’s Commitments Insufficient
Today, the European Commission published Standard & Poor’s (“S&P”) commitments to settle the ISIN dispute pending before the Commission since 2008. The European Fund and Asset Management Association (EFAMA) believes that the complainants primary goal is now within reach, this is that the use of ISINs issued by S&P to end users in Europe becomes…
ISDA Responds to the Financial Stability Board Report on OTC Derivatives Markets Reforms Implementation
The International Swaps and Derivatives Association (ISDA) has submitted its response to the Financial Stability Board’s (FSB) progress report on OTC derivatives market reforms, published on April 15, 2011. The work of the FSB is vital to ensuring that regulatory reform is consistent across different regions, and ISDA believes that the progress report offers a…
ISDA Announces Interest Rate Derivatives Trade Repository Selection
The International Swaps and Derivatives Association (ISDA) announced today that the ISDA Rates Steering Committee (RSC) has chosen Depository Trust & Clearing Corporation (DTCC) to partner with the RSC on the next stage of development of the Interest Rate Trade Repository. This selection is the result of a public Request for Proposals (RFP), which was…
S&P’s Money Market Directories Expands Its Coverage Beyond the US and Canada
Standard & Poor’s Money Market Directories (MMD), a source of financial research and data on the institutional investor industry, announced expanded international coverage with the availability of its MMD Global dataset on MMD WebAccess. This new MMD dataset includes asset information and contact details of pension funds, endowments, tax exempt organisations and sovereign wealth funds…
SEC Seeks Comment to Assist in Study on Assigned Credit Ratings, Examines Utility Model
As part of its broader examination of the impact of credit ratings agencies on the financial markets, the Securities and Exchange Commission (SEC) has published a new request for comment on the feasibility of a system in which a public or private utility or a self-regulatory organisation would assign a nationally recognised statistical rating organisation…
US SEC: XBRL for Financial Statements
The Securities and Exchange Commission has adopted rules requiring companies to provide financial statement information in XBRL (eXtensible Business Reporting Language) to improve the information’s usefulness. This is an overview for companies that are required to begin submitting XBRL data during 2011 and summarises some of the main process issues, lessons learned to date and…