Business Entity Data special report
Click here to download the PDF
The Means to Implement LEIs
The Virtual Roundtable in this special report provides an exclusive insight into how burgeoning amounts of securities data are creating a need for data management projects even outside the mandate for meeting a legal entity identifier (LEI) standard.
Roundtable participants, especially from financial services firms, blame missing or low-quality information for their inability to get a full picture of an entity that is the basis for a security. Philippe Rozental of Société Générale says his firm addresses this by having at least two providers for each data point, even though this is more costly and requires continuous effort to find and choose providers, test them for long amounts of time, and adopt controls. Genevy Dimitrion of State Street identifies a need for cross-referencing sources, establishing a centralized data repository and for firms to put aside control of content in favor of collaboration in support of the LEI initiative.
Data integration has also become a "must," says Rozental, when calculating global exposures. Using a single data copy to calculate risk exposure or independent prices for complex instruments can reduce costs and issues with calculation, he adds.
Aside from the LEI standard, panelists say new regulations such as Solvency II reporting rules and value-at-risk calculation requirements for Ucits IV regulated funds also should be considered as part of business entity data management efforts.
Whatever the approach to data management projects necessitated by LEI and other new rules, service providers will have a role to play, as Capco's Sean Culbert indicates in a News Review piece in this report. The LEI alone is driving many changes in firms' responsibilities and what will be required of them.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
‘Feature, not a bug’: Bloomberg makes the case for Figi
Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
Reading the bones: Citi, BNY, Morgan Stanley invest in AI, alt data, & private markets
Investment arms at large US banks are taken with emerging technologies such as generative AI, alternative and unstructured data, and private markets as they look to partner with, acquire, and invest in leading startups.
The costly sanctions risks hiding in your supply chain
In an age of geopolitical instability and rising fines, financial firms need to dig deep into the securities they invest in and the issuing company’s network of suppliers and associates.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.