Data management software vendors are looking at adding functionality to help users meet new data reporting requirements following the introduction of the US Dodd-Frank Wall Street Reform Act, particularly by improving position management capabilities.
The Act, signed by President Obama on July 21, includes the set-up of the Office of Financial Research (OFR), a data collection and analysis centre. Firms will be required to send data to the OFR, but the data items and formats needed for complianc
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails