Markit has secured Spanish Grupo BBVA as a client for its Markit Red database of reference entity names and codes for credit default swaps. Juan Fernandez Blasco, head of trading at Grupo BBVA, says, “The need for precise reference entity data in the CDS market led us to sign a contract with Red… It will enhance our trading and operational capabilities going forward.” Markit claims its database has increased the efficiency of matching, confirmation and settlement infrastructure at client firms by diminishing legal and operational risks and reducing transactional costs.
A-Team Insight Blogs
Firms across the board are struggling to gain a comprehensive view of their counterparty risk. In the wake of the Credit Crisis, regulators have increased their focus on pushing firms to not only better understand risk exposure, but also be able to provide evidence of the analysis they use to create their view of risk....
Many data managers are having to work fast to adapt their data strategy to today’s new normal and are finding that this is providing a catalyst for change and digital transformation. This crucial theme is something we’ll explore in detail with many of the industry’s leading practitioners from HSBC Securities Services, UBS Asset Management, Société Générale, Scotiabank, Black...
Data Management Summit USA Virtual will explore how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.
High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...