Solvency II
Industry Addresses Solvency II Readiness
For some firms, data management operations necessary for compliance with the regulation will take right up to the January 2016 deadline. Others may need more time, industry sources say
Solvency II LEI Imperative Makes Progress
The regulation's proposed requirement for reporting using legal entity identifiers is nearing the end of its industry comment period, and firms that will be affected are looking at how to comply.
EIOPA Seeks Feedback on Plans to Mandate LEI Usage
The Frankfurt-based supervisory authority for the insurance industry is seeking feedback on its plans to make use of legal entity identifiers mandatory in Europe
Fédéris Chooses SimCorp for Solvency II, EMIR, AIFMD
Fédéris Gestion d'Actifs, a French asset management firm, will use SimCorp Dimension to provide access to the granular data needed for Solvency II and to execute more of its own regulatory reporting rather than delegating this to external providers
Collibra Offers Data Stewardship Automation
The data management automation provider has added a suite to its data governance platform that will automate data stewardship processes
Delegated Reporting not a Silver Bullet for the Buy Side
While delegated reporting for derivative transactions can ease some of the strain on buy-side firms, the onus is still firmly on them to ensure the accuracy of what’s being reported on their behalf, and this can be difficult to determine, senior…
Adopting principles for effective risk data aggregation and internal risk reporting practices -- Webcast
On May 15, Inside Reference Data hosted a webcast about risk data aggregation and internal reporting practices, in which four experts in the field discussed the role of regulatory requirements and challenges for data management
Getting A Full Report
Demand for more complete and well-prepared data reporting could lead one to consider collaborative efforts that point the way to better data reporting
Seeking Solvency II Surety
Implementation of Solvency II in January 2016 has been confirmed, but many of the data challenges are unresolved. Susan Wright of the Investment Management Association tells Nicholas Hamilton that asset managers, third-party administrators and insurers…
IMA Adviser Explains Solvency II Challenges for Asset Managers
Susan Wright of the UK's Investment Management Association explains what the European Parliament's adoption of Omnibus II means for the implementation of Solvency II
EU Parliament Adopts Omnibus II, Finalizes Solvency II
The introduction of the Solvency II regulatory regime inches closer after the European Parliament voted on Tuesday to adopt Omnibus II, a directive that completes and finalizes the common prudential framework for insurance regulation and supervision in…
Spreadsheets and the Challenge of Model Risk Management
Modern businesses rely heavily on models for a wide range of applications, such as risk management, valuations, and reporting. The challenge is that large numbers of firms have failed to fully grasp that many models are based on, or make use of,…
SIX Chooses Avox to Map LEIs to Securities Database
A new partnership between the two data vendors means SIX will be able to provide entity-level data to its clients, based on instrument-level requests
European Insurer Uniqa Taps SimCorp for Structured Products
Austrian and Central European insurance firm Uniqa Group AG, with €26 billion in assets under management, will use XpressInstruments to manage its structured products support.
Quality's Matrix
Data quality improvement efforts—even those aimed at making the process simpler—are proving to be a complex mix involving different actions for different types of data, regulations to contend with, and management issues to be grasped. Michael Shashoua…
SIX Launches Solvency II Service With Comprehensive CIC Coverage
The data vendor is supplying more than 120 data points to help asset managers and insurers comply with the European Union directives, including the new Complementary Identifier Code, which the company is providing at both the instrument and individual…
Opening Cross: When You Look East, Look Up and Look Out
Regulation dominated the agenda at last week's Asia-Pacific Financial Information Conference. But is the region ready for the data management implications of new global and regional requirements?
Ungovernable Data?
During a roundtable discussion hosted by Rimes Technologies, senior representatives from asset management firms discussed the data governance challenges facing them. From controlling data and managing regulatory change to securing board-level support,…
SIX's Raskin on Fatca, Solvency II at WFIC 2013
Barry Raskin, managing director at SIX Financial Information, discusses the challenges of monitoring which assets are in scope for reporting under the US Foreign Account Tax Compliance Act and offers advice on managing uncertainty surrounding Solvency II…
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
Where the Data Buzz Is
Data management developments and discussions breathed life into last month's Sifma Tech Expo.
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
The Search for Solvency II Solutions
Solvency II may be delayed, but it has not gone away. As the most focused industry participants chip away at the complexity of the European insurance regulation, Nicholas Hamilton discovers innovative compliance solutions, including data metering systems…