Data Management Insight Standards The latest content from across the platform
Three Big Banks Sign on to Operational Risk Data Sharing Platform
In mid-June, Acin – a data standards firm for operational risk and controls – announced that Credit Suisse, Standard Chartered Bank and Société Générale had joined its collaboration community, the Operational Risk Defence Network Model. Their arrival brings the total number of tier one banks working with Acin to 12. The name of the company,…
FSB Suggests Reducing Cost of LEIs in Response to Review Finding LEI Coverage too Low
The Financial Stability Board’s (FSB) latest review of the Legal Entity Identifier, a Thematic Review on Implementation of the Legal Entity Identifier (LEI), offers an ‘I said so’ to the sceptics, but also recommendations that should benefit firms using the LEI and encourage further take-up that will drive data standards, quality and accuracy across the…
GLEIF Partners XBRL to Offer Benefits of Embedding LEIs in Machine-Readable Financial Documents
The Global Legal Entity Identifier Foundation (GLEIF) continues to add use cases of the LEI beyond regulatory compliance, this time through a partnership with XBRL International that allows LEIs to be embedded in digital, machine-readable financial documents. Demonstrating the partnership, the GLEIF has published its 2018 annual report in human and machine-readable Inline XBRL and…
An Update on the LEI – Where Are we Now?
There are mixed views in our industry about the success of the Legal Entity Identifier (LEI) – questions about lapsed identifiers, comments on a slow rate of adoption, and calls for more regulatory mandates requiring use of the LEI. There are also some tremendous successes in countries such as India, which is not a member…
Derivatives Service Bureau Calls for Industry Input to 2019 Consultation
The Derivatives Service Bureau (DSB) has opened its 2019 consultation with a focus on getting industry feedback on operations such as data submission enhancements, services such as data flow rationalisation, technical issues including infrastructure and workflows, and legal aspects including the fee survey and user agreement forum. The consultation is seeking responses from both direct…
FSB Names Derivatives Service Bureau as Sole Provider of the Unique Product Identifier
The Financial Stability Board (FSB) has designated the Derivatives Service Bureau (DSB) as the sole service provider for the future Unique Product Identifier (UPI) system. The DSB will also be the operator of the UPI reference data library and will start to issue UPIs once their code and reference data are set as international data…
Global Data Standards are Essential Yet Elusive, So How Can Our Industry Help?
Global data standards and identifiers are essential to business growth, market stability and cost reduction. They are also challenging to implement in a technology environment characterised by data silos and at a time when standards differ across multiple jurisdictions and can lack clarity and specificity. Featured Download: An update on data standards and global identifiers…
RapidLEI Reports Robust Q1 Results, Plans New Partnerships
RapidLEI from Ubisecure, the GLEIF accredited Legal Entity Identifier (LEI) issuer specialising in the automation of the LEI provision process, has reported an LEI growth rate exceeding 135% for the first quarter of 2019. The issuance data, as published by the GLEIF, represents a strong beginning to 2019 for the firm; as well as a…
Release of ISIN-to-LEI Relationship Files on GLEIF Website Meets Mixed Response
The release of mapping between International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs) by the Association of National Numbering Agencies’ (ANNA) and the Global LEI Foundation (GLEIF) has received a positive industry response, but also raised questions about why a significant number of National Numbering Agencies within ANNA have not yet opted into…
Recorded Webinar: An update on data standards and global identifiers
The importance of data standards and global identifiers continues to be emphasised by both capital markets participants and their regulators. But how much progress is actually being made in developing and implementing standards that will improve data quality for better business decisions, provide regulators with a clearer view of systemic risk, and ensure more stable…