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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Hub to lay off 20% of staff, sources say
Hub’s CEO says this is simply a case of a startup trying to stay nimble and efficient; others say it points to deeper issues.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
After contentious Opra upgrades, vendors brace for a faster future
Upgrades to the datafeed widely used to gauge the current market price for options contracts went into effect in February after three separate delays, which market participants say were caused by persistent bandwidth issues at some important recipients.
The IMD Wrap: No more turf wars, or why CDOs should heed the Voice of the CTO
Max reviews how our recent Voice of the CTO series has implications for those beyond a firm’s technology function, and how communication and collaboration between tech, data, and leadership will deliver better results.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
Man Group’s proprietary data platform is a timesaver for quants
The investment firm’s head of data delves into its alt data strategy and use of AI tools to boost quant efficiency.
Waters Wrap: The tough climb for startups
Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.
As crypto ETFs become reality, benchmark providers take center stage
The SEC’s approval of the first spot bitcoin ETFs will expose a growing number of traditional market participants to the maturing world of crypto data, a moment that some—such as CF Benchmarks, BlackRock’s benchmark provider—have been eagerly awaiting.
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest