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
The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat...
The clock is ticking, and the initial SFTR deadline is barely a month away – but with delays, regulatory opacity and widespread industry concerns around the data challenges posed by such a substantial change, is an April implementation even achievable? Tactical approaches to compliance won’t be good enough. A strategic plan of attack is necessary...
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...