The issue of timely access to ISIN securities identifiers in Canada is now being evaluated by the Canadian Capital Markets Association’s (CCMA) Institutional Program Steering Committee. The CCMA has been identifying problems holding up straight through processing and has highlighted asset and counterparty identification as presenting the biggest issues. ISINs are currently issued in Canada by the Canadian Depository for Securities, but there is currently no effective means of distribution. To handle the lack of timely access, financial institutions tend to issue their own internal codes, complicating the trade processing cycle.
A-Team Insight Blogs
CCMA Evaluates Lack of Timely Access to ISINs in Canada
Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...
Blockchain operator SETL’s Verafide subsidiary has launched its open-source platform for verifying digital credentials and identification on the SETL enterprise blockchain, allowing issuers, holders and verifiers to set up and maintain a digital credentials ecosystem. The Verafide platform is aimed at helping firms fulfill their KYC obligations, adopt more seamless and transparent customer onboarding processes...
Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...