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GLEIF Extends LEI Mapping to OpenCorporates Global Database of Legal Entity Data
The Global Legal Entity Identifier Foundation (GLEIF) has linked LEIs to corresponding records in the OpenCorporates global database of legal entity data, one of the largest open databases of companies in the world. With LEIs natively available in the OpenCorporates database, cross-referencing between the datasets will facilitate a range of compliance, surveillance, and due diligence…
DSB Opens Unique Product Identifier User Acceptance Test Environment
The Derivatives Service Bureau (DSB) has opened its Unique Product Identifier (UPI) User Acceptance Test (UAT) environment and associated Client Onboarding Support Platform (COSP). Go-live of the UPI UAT environment follows publication of mandates to report the UPI in the EU, UK, US and Australia, with additional jurisdictions expected to follow. The nine month UAT…
Alveo Extends ESG Data Offering with Morningstar Sustainalytics Content
Alveo has integrated Morningstar Sustainalytics’ ESG content into its cloud-based data mastering and data quality Data-as-a-Service (DaaS) solution. Combining the firms’ data and cloud data management capabilities provides customers with solutions that speed up integration of Sustainalytics’ content into clients’ workflows and business processes, and help business users self-serve. Content onboarded from Sustainalytics includes Sustainable…
Strategy and Tools for Tracking Licensed Data Within Financial Services
By Neil Sandle, Head of Product Management, Alveo. Indices are tools used to track how asset classes, industry sectors, market segments, and a host of other physical and virtual sets of data perform over time. Leading examples can be found in the realm of financial services, in particular with stock markets, where the FTSE 100,…
How to Achieve Successful Data Transformation for Long Term Business Value
Demonstrating business value from data transformation pivots on quick wins with measurable outcomes, a focus on data quality, developing a strong data culture, ensuring management buy-in, and dealing with everyday change such as the forthcoming implementation of Consumer Duty Regulation. A CDO panel at A-Team Group’s recent Data Management Summit London dived into the detail…
Optimising ISO 20022 for Cross-Border Payments
Why the LEI and BIC are a Perfect Fit for a Truly Global Identification Scheme By Clare Rowley, Head of Business Operations, GLEIF. Challenges in the cross-border payments market include high costs, low speed, limited access, and insufficient transparency. In October 2020, the G20 endorsed a roadmap to enhance cross-border payments. The roadmap was developed…
FCA Requires IBA to Continue Publication of US Dollar LIBOR Settings Using Synthetic Methodology
Further to a November 2022 consultation, the FCA has decided to use its powers under UK Benchmarks Regulation (UK BMR) to require ICE Benchmark Administration (IBA) to continue publication of 1-, 3- and 6-month US dollar LIBOR settings using an unrepresentative synthetic methodology. The FCA will require IBA to publish these synthetic US dollar LIBOR…
Exchange Data International Extends Provision of Corporate Actions Data
Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has introduced UK FundsCAB Service to further extend its investment funds coverage. The service covers over 13,700 share class funds from 200 fund management companies to provide comprehensive corporate actions data. Users can access corporate actions as soon as…
Derivatives Service Bureau Sets Timeline for 2023 Consultation on ISIN and CFI
The Derivatives Service Bureau (DSB) has set out the timeline for 2023 industry consultation related to 2024 service provision of the OTC International Securities Identification Number (ISIN) and Classification Financial Instrument code (CFI). The consultation paper will be published on 28 April 2023, and the industry will have until 31 May 2023 to respond. The…
The March of MX Messaging
By Phil Flood, Global Business Development Director – Regulatory and STP Services, Gresham Technologies. When Genghis Khan marched his Mongol armies on the great cities of the Jin empire over 800 years ago, he would ensure that there were rows upon rows of drummers. They would be beating out a steady rhythm, signalling their impending…