RBC Preps Single Customer View Requirements with Client Ref Data Changes and Steering Committee

Royal Bank of Canada is updating its client reference database as part of a project aimed at complying with the single customer view requirements under the Financial Services Compensation Scheme (FSCS) reform in the UK, officials tell Inside Reference Data.

The FSCS, which becomes effective in January 2011, requires firms to create and maintain a single customer view of each client eligible for a pay-out in the event of a closure of a deposit-holding firm. Firms have to pull together data items

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