As mentioned in our special focus supplement of the June edition of Reference Data Review, the EU Savings (Tax) Directive went into effect on July 1, with implications for paying agents on identifying instruments falling under the directive. Data vendors worked with user firms to help by providing tagged data within product modules. FT Interactive Data Europe said it had 30 customers taking its live data on the day of implementation, including Bank Gessellschaft Berlin International, KCB Bank NV Belgium, Northern Trust, and UBS Global Asset Management. Telekurs Financial, meanwhile, reports that over 220 clients signed up to receive the data via its Valordata Feed (VDF), and that they’ve had an encouraging amount of data from over 100 UK fund managers, as well as more in the Channel Islands and Ireland. This is a key factor in identifying and analysing funds falling under the directive but difficult to obtain given the lack of incentive for them to provide this information.
A-Team Insight Blogs
EUSD: Catch Up on Progress
With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...
SIX has acquired ULTUMUS, a global index and exchange-traded funds (ETF) data specialist, to strengthen its ETF and managed data service offering. The companies have been partners for some time, with SIX acquiring ULTUMUS from investment firm ETFS Capital. ULTUMUS will initially operate separately to SIX and will carry on delivering index data from SIX...
Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...