By 2010, more than 10 per cent of total spending within the enterprise data management industry will be on legal entity data management, says analyst Aite Group in a new impact report. Regulatory pressure is driving a 200 per cent average annual growth rate in spending in this market, Aite says, encouraging spend on legal entity data services to rise from some $16 million in 2006 to $253 million in 2010. The report profiles four vendors of products to facilitate customer and counterparty data cleansing and management, including Avox, CounterpartyLink, Credit Dimensions and D&B. The vendors were asked 64 questions regarding corporate information, product overviews, data information, origination, distribution, regulatory examination and services. This is the analyst’s second look in 2006 at counterparty data; earlier in the year it predicted 2007 would be the year counterparty data projects climbed up the priority list to be as compelling as instrument data projects (see Reference Data Review, August 2006).
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Counterparty screening is a regulatory requirement, but do you know enough about your clients’ clients, and beyond? How can you source this information and how does it benefit your business? How far do you need to dig into entity ownership structures? This webinar discusses these challenges and how they relate to your organisation, whether you’re...
Global LEI Foundation Aims to Accelerate LEI Adoption by Slashing Prices of the Identifiers to Single Digit Dollars
The Global LEI Foundation (GLEIF) is planning to tear down the cost barrier obstructing widespread adoption of the LEI with the implementation of a validation agent role for banks and financial institutions. Expectations are that frequently contended high prices charged to register an entity for an LEI – by way of example Bloomberg charges $65...
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.
It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...