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CFTC Adds Role of CDO in Reorganisation
The CFTC has hired a CDO and set up a division of data as part of a reorganisation designed to improve operational efficiency. Recognising the importance of centralised data, the reorganisation brings data practitioners together from operating units including the office of data and technology (which will cease to exist) and the division of market…
ANNA Progresses Issuance of ISINs for Digital Assets, Notes Addition of Digital Token Identifier Standard
As institutional interest in digital assets continues to rise and the Association of National Numbering Agencies (ANNA) makes plans to use International Securities Identification Numbers (ISINs) to identify these assets, we caught up with Stephan Dreyer, managing director of ANNA, to review progress. He sets the scene, saying: “We are seeing growing issuance of traditional…
Why the Reality of Third-Country Regulatory Reporting is About to Bite!
By Volker Lainer, Vice-President of Product Management at GoldenSource. Just two months until the end of the transition period, ESMA’s latest report brings home the stark reality of what third-country status means for UK financial institutions from a regulatory reporting perspective. Regardless of whether or not a trade agreement between the EU and the UK…
DSB Expands Regional Expertise of Technology Advisory Committee Working on UPI
The Derivatives Service Bureau (DSB) has fulfilled plans to expand regional representation of its Technology Advisory Committee (TAC) working on the development of the Unique Product Identifier (UPI). A new two-year term of the TAC begins today, under the auspices of new chair Chris Pulsifer, a software development manager from Bloomberg, and including six members…
Recorded Webinar: How to run effective client onboarding and KYC processes
Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there…
Deadlines and Data Management By-Products of LIBOR Transition
The Financial Stability Board (FSB) has published a global transition roadmap for LIBOR that sets out a timetable of actions financial firms should take to ensure a smooth transition from LIBOR to other risk-free rates by the end of 2021. The data management task of transition remains a huge challenge for many firms, but it…
Xenomorph Moves from Product to Solution Sales, Drops TimeScape Brand But Not Technology
Xenomorph has regrouped and is chasing growth following the appointment of Neil Sheppard to lead the EMEA and APAC business, a reset to solution rather than product sales, and restructured funding. The company has been pretty low-profile in the market over the past few years, particularly since Brian Sentance stepped down from the role of…
A-Team Group Releases Regulatory Data Handbook 2020/2021
A-Team Group releases the eighth edition of its ‘best read’ publication, the Regulatory Data Handbook, today. The handbook is a ‘must have’ for capital markets participants, is free of charge, and profiles every regulation that impacts capital markets’ data management practices. Linda Coffman, executive vice president at The SmartStream Reference Data Utility, leads the handbook…
Refinitiv Acquisition of The Red Flag Group Extends Due Diligence Capabilities
Refinitiv’s acquisition of The Red Flag Group, a Hong Kong-based global integrity and compliance risk firm specialising in enhanced due diligence and onboarding technologies, should expand the company’s suite of due diligence offerings and help its corporate compliance customers better evaluate money laundering, bribery and corruption, and reputational and ESG risk. “The acquisition of The…
Coronavirus Pandemic Accelerates KYC and Onboarding Strategies
The coronavirus pandemic has been an eye-opener for capital markets firms hit by market volatility, systems unable to cope quickly with change, the need to set up work from home schemes (and security), and changing relationships with customers. Nowhere has this been more visible than in Know Your Customer (KYC) and onboarding functions that have…