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ISDA Unveils New Mission Statement
The International Swaps and Derivatives Association, Inc. (ISDA) announced today that its board of directors has updated its mission statement to reflect the Association’s evolving mandate in the rapidly changing global derivatives markets. The new mission statement is: ISDA fosters safe and efficient derivatives markets to facilitate effective risk management for all users of derivative…
Hedge Fund Standards Board Announces New Core Supporters
Aon Hewitt, the investment consultants, and two leading investment firms, Aberdeen Asset Management and Investcorp, have joined the Core Supporters group of the Hedge Fund Standards Board (HFSB). The Core Supporters group, which includes investors, investment consultants and hedge fund managers, is made up of leading backers of the HFSB. Dame Amelia Fawcett, Chairman of…
Virginie’s Blog – Regulatory Change and LEI Discussions Dominate at DMRAV (Not to Mention the G20 Meeting)
As I previously predicted, the spectre of incoming regulation and the standards developments around a new legal entity identifier (LEI) were popular topics for discussion at yesterday’s Data Management for Risk, Analytics and Valuations (DMRAV) conference in London. Panellists and delegates alike discussed the changing dynamics within the data management universe that have meant much…
Financial Intergroup’s Grody and BT’s Pickles Debate the LEI Issue
Following on from the questions about the legal entity identification (LEI) work going on as a part of the US Office of Financial Research (OFR) and the Financial Stability Board’s (FSB) efforts to determine a global standard that were raised by BT Global Banking & Financial Markets’ head of industry initiatives Chris Pickles last week,…
Omgeo’s Freeman on the Changing Dynamics of the SSI Space
Reference Data Review speaks with Omgeo’s executive director of industry relations Tony Freeman about the vendor’s recent research into the settlement and account instruction (SSI) space, which highlights the high number of trade fails caused by problems with SSI data. Freeman also elaborates on the changing dynamics in the SSI space caused by increased competition…
BT’s Pickles Raises 10 Questions About the LEI Project
Last week’s legal entity identification (LEI) focused workshops in Basel, which were organised by the Financial Stability Board (FSB), allowed a number of financial industry participants and regulators to get together and discuss their views on the creation of a global utility and a new LEI standard. However, the event also raised a number of…
Virginie’s Blog – A Step up for the FSB?
Given the discussions I had with a number of people at Sibos a couple of weeks ago, the data management industry practitioners engaged in working on establishing a new legal entity identification (LEI) standard have high hopes that the Financial Stability Board (FSB) will be able to bridge the gap between national regulators in setting…
MIK Releases Enhanced SEC Master
MIK Fund Solutions, a leading provider of software solutions for hedge funds, today announced the release of a comprehensive and integrated security master solution for hedge funds and asset managers. The offering is designed as an integrated application for the tracking, reporting and processing of all security master terms and conditions and reporting attributes across…
ISDA Reiterates Support for Global Trade and Counterparty Exposure Repositories in Comment Letter on CPSS/IOSCO Consultative Report
The International Swaps and Derivatives Association, Inc. (ISDA) filed a comment letter on September 23 with the Committee on Payment and Settlements Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) in response to their consultative report on over-the-counter (OTC) derivatives data reporting and aggregation requirements. In the letter, ISDA reiterated the need for…
SWIFT Announces 16% Rebate on 2011 Messaging
SWIFT, the financial messaging provider for more than 9,700 financial institutions and corporations in 209 countries, announced today a rebate of 16 percent on 2011 messaging usage. The new rebate will return approximately EUR 52 million to SWIFT users and will be paid in January 2012. This rebate comes in addition to a 20 percent…