Regulation
IRD's Editor on ISO 20022 and LEI Developments
Support for the ISO 20022 messaging standard could be wavering in the industry. In contrast, a maneuver by the US Office of Financial Research could improve the LEI's prospects
LEI Up, ISO 20022 Down
If identifier and messaging standards were stocks, adoption of the legal entity identifier would be rallying, while the ISO 20022 messaging standard dropped. Support for adoption of ISO 20022 for corporate actions messaging is not appearing as strong as…
AIFMD Approaches
Starting Monday, AIFMD has to be written into national law throughout Europe. In this new statute, Anthony says firms can learn something from their neighbors across the pond, who had to begin filing for Form PF last year.
Derivatives Reform: Preparing for an Uncertain Data Landscape
A shift to derivatives, coupled with the creation of swap execution facilities and the potential “futurization” of swaps onto exchanges will make location key for derivatives markets and brokers seeking to bolster the value of their data, says Patrick…
ISO 20022 Likely Stalled For Years More, Say Corporate Actions Execs
Efforts to phase out the use of the older ISO 15022 standard for corporate actions messaging on a worldwide basis are still failing to gain traction in the industry, executives from BlackRock and Barclays Capital said in a recent webcast
OFR's Reed Outlines Work on LEI Interim System and Foundation
The chair of the Regulatory Oversight Committee says the interim system will mean pre-legal entity identifiers from any pre-local operating unit will be accepted by regulators around the world and reveals that "all material decisions" about the LEI…
Corporate Actions: Off and Running -- webcast
Inside Reference Data gathered leading industry experts for a webcast on July 17, 2013 to discuss how financial services firms are managing the challenges of upgrades to messaging standards and increases in volumes and types of corporate actions events.
LSE Reveals Details of Pre-LOU to Be Launched on July 31
The London Stock Exchange is preparing to launch its pre-legal entity identifier (pre-LEI) utility which will include a flexible search engine and the ability to view the records of pre-LEIs issued by other organizations
US Postpones Fatca Deadlines, Citing Need For International Agreements
Due diligence and tax withholding requirements of the US anti-tax evasion regulation have been postponed until July 1, 2014 to allow time for more countries to sign intergovernmental agreements with the US Treasury
MarketAxess Files SEF Application with CFTC
Electronic trading platform operator MarketAxess has submitted its application to the US Commodity Futures Trading Commission (CFTC), in order to become a swap execution facility (SEF).
Don't Worry Guys, We've Got This
Batman and Robin to rescue derivatives from regulatory arbitrage.
The Road To Value From Data
Costs and resources for data management take precedence in reference data, so firms must develop a palette of strategies, centralization, sourcing and prioritization to make the most of what they have to work with
FATCA Deadline Pushed Back, Buy Side Gets a Reprieve
The US Internal Revenue Service (IRS) issued a notice today saying that certain deadlines pertaining to the Foreign Account Tax Compliance Act (Fatca) have been delayed by six months, as rules around withholding and due diligence will move from January 1…
ESMA Preps Technical Standards for OTC Clearing
The European Securities and Markets Authority (ESMA) has released a discussion paper, as a first step in producing detailed technical standards for the central clearing of over-the-counter (OTC) derivatives instruments.
Guilty Bankers Should Be Counting Rocks on a Prison Beach, Says Consultant
Alex Jurshevski wasn't even supposed to appear on the over-the-counter (OTC) and central clearing panel at the Toronto Financial Information Summit. It was only because of flooding in the city that the founder of Recovery Partners, a consultancy, was…
Don't Equate Canadian OTC Derivatives Reform With US Reform
Much of what regulator Aaron Unterman had to say at the Toronto Financial Information Summit about Canadian over-the-counter (OTC) derivatives reform would have sounded familiar to any American in the audience. Canada’s approach to reform largely mirrors…
Mixed Start for SEF Registrations
Although the US Commodity Trading Futures Commission (CFTC) has finalized its rules regarding the operation of swap execution facilities (SEFs) and registration has been open for weeks, not all institutions have filed applications with the regulator as…
IRD's Editor on July Issue Features
Solvency II and Fatca regulation developments, along with the applications of metadata figure prominently in industry discussions reported in the July 2013 issue of Inside Reference Data
SIA, Colt Network to Connect Four European Central Banks
The vendor of information delivery platforms and vendor of payment systems have won the contract to provide a high-speed network between the central banks of Germany, Italy, France and Spain, as part of the Target2 and Target2-Securities (T2S) projects
Where the Data Buzz Is
Data management developments and discussions breathed life into last month's Sifma Tech Expo.
Canadian Regulator Addresses Direct Access
Canadian Securities Administrators (CSA), an umbrella organization of regulatory bodies in Canada, has announced amendments to recent regulation over direct access to markets.
Tradeweb Submits CFTC Application for SEF Status
Tradeweb Markets has announced that it is applying to the US Commodity Futures Trading Commission (CFTC) for swap execution facility (SEF) credentials, operating two separate platforms.
Swedbank Robur Chooses SimCorp for Solvency II Reporting
The software vendor's Solvency II system has been integrated with the SimCorp Dimension investment management platform that Swedbank was already using, leading to better data quality, lower operational risk and reduced maintenance costs
SEC Announces Quant Analysis Unit
The US Securities and Exchange Commission (SEC) has announced a number of new initiatives designed to combat fraud and market abuse, including a unit dedicated to risk and data analysis, within its enforcement arm.