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CUSIP Global Services Launches New Identification Service to Track US Government Economic Stimulus Programs

CUSIP Global Services (CGS) today announced the launch of its Government Stimulus ID Service, covering economic stimulus programs sponsored by the US government since 2008. CGS Government Stimulus ID Service enables investors, researchers and others to track US government stimulus programs and further represents the built-in flexibility of the CUSIP database to segment specific asset…

US-EU Bulk Data Swift Transfer Continues to Prove Controversial in Europe

As noted by Reference Data Review last month, consensus remains out of reach on the subject of bank data transfer between the US and Europe across the Swift network. European politicians are keen that bulk data transfers of sensitive customer data across the network for counter terrorism purposes be avoided and that this data instead be processed…

SEC Seeking Market Feedback on XBRL Compliance Challenges

As part of its wider push to extend XBRL into other areas such as the tagging of source documents for mortgage backed securities (MBS) and corporate actions, the Securities and Exchange Commission (SEC) is currently taking stock of the challenges faced by the industry during XBRL implementation thus far. To this end, the US regulator…

Sallie Mae and Société Générale Select SailPoint for Identity Governance and Compliance

SailPoint today announced that Sallie Mae and Société Générale have chosen SailPoint IdentityIQ to automate and streamline their identity related compliance processes. SailPoint IdentityIQ, an identity governance solution, helps corporations of all sizes keep track of who has access to critical applications, data and IT systems while greatly reducing audit and compliance costs. A comprehensive…

FRSGlobal Announces Partnership with Semansys to Deliver Standardised XBRL Reporting

FRSGlobal today announced its partnership with Semansys Technologies. Semansys is a vendor of software solutions for financial reporting and business monitoring based on semantics and eXtensible Business Reporting Language (XBRL). The partnership was announced at the 20th XBRL International conference in Rome. Increasingly, regulators are demanding that reports should be submitted in XBRL, such as…

SEC Publishes Upgraded XBRL Taxonomy for Mutual Funds Risk/Return Reporting

As part of its work to support the reporting of risk/return summary information in XBRL by mutual funds in the US, the Securities and Exchange Commission (SEC) has finally completed a series of required updates to its technology infrastructure this week. Mutual funds can now create and fully test their XBRL documents in preparation for…

UK FSA Reveals More About Plans for Soft Launch of Gabriel Liquidity Reporting, Pushes Back Data Quality Testing

During its most recent firms forum on the subject of liquidity reporting, the UK Financial Services Authority (FSA) confirmed that it is planning a soft launch for liquidity risk reporting on its online regulatory reporting system, Gathering Better Regulatory Information Electronically (Gabriel). As noted by the FSA in January, firms are being required to test…

PolarLake has Netted Eight New Clients This Year, Launches Reference Data Policy Engine

Commensurate with the current trend towards an uptick in investment in data management solutions this year, PolarLake’s CEO John Randles indicates that eight new clients have signed on the dotted line so far in 2010. The vendor has also just launched its PolarLake Reference Data Policy Engine, which Randles says is aimed at affording end…

XBRL US Campaigns to Extend Tagging into ABS Markets for Source Documents

The Securities and Exchange Commission (SEC) may have mandated XBRL tagging for financial reporting but XBRL US is also keen to extend its reach into the asset backed securities (ABS) markets. In a recent testimony to the US Domestic Policy Subcommittee Oversight and Government Reform Committee, Mark Bolgiano, president and CEO of XBRL US, recommended…

PolarLake Announces Reference Data Policy Engine Based on Semantics Technology

PolarLake today announced the availability of the PolarLake Reference Data Policy Engine within the PolarLake Reference Data Distribution (RDD) product. The policy engine uses semantics technologies embedded within a business application to enable business operations and technical staff to define reference data usage control policies. This includes: Data access control policies based on user and…