Business Entity Data special report
Click here to download the report:
Business Entity Data, December 2010
Needs Identified
The more than a decade-long debate about the need for a universal business entity identifier seems to finally be moving in the right direction. In a poll at the ISITC Europe conference in London in November, 68% of conference-goers said a globally acceptable business entity identifier is achievable in two to five years. A few years back, the result was likely to have been quite different.
But there is a reason why market participants are more optimistic that there will be an identifier. Regulators are increasingly involved in the discussion, with the latest move being the US Department of the Treasury's Office of Financial Research issuing a statement on legal entity identification for financial contracts. The statement, which firms can now provide feedback on, announced the Office's intention to "standardize how parties to financial contracts are identified in the data it collects on behalf of the Council [the Financial Stability Oversight Council]."
Due to regulatory involvement, the expectation is that development in this previously slow-moving space will accelerate. Now is the time to stay awake and not overlook the importance of what is going on. In this Business Entity Data report, which includes comments from industry experts and a news review, we hope to help readers stay on top of the latest developments and keep the excitement surrounding business entity identification alive.
Click here to download the report:
Business Entity Data, December 2010
More on Data Management
As datacenter cooling issues rise, FPGAs could help
IMD Wrap: As temperatures are spiking, so too is demand for capacity related to AI applications. Max says FPGAs could help to ease the burden being forced on datacenters.
Bloomberg introduces geopolitical country-of-risk scores to terminal
Through a new partnership with Seerist, terminal users can now access risk data on seven million companies and 245 countries.
A network of Cusip workarounds keeps the retirement industry humming
Restrictive data licenses—the subject of an ongoing antitrust case against Cusip Global Services—are felt keenly in the retirement space, where an amalgam of identifiers meant to ensure licensing compliance create headaches for investment advisers and investors.
LLMs are making alternative datasets ‘fuzzy’
Waters Wrap: While large language models and generative/agentic AI offer an endless amount of opportunity, they are also exposing unforeseen risks and challenges.
Cloud offers promise for execs struggling with legacy tech
Tech execs from the buy side and vendor world are still grappling with how to handle legacy technology and where the cloud should step in.
Bloomberg expands user access to new AI document search tool
An evolution of previous AI-enabled features, the new capability allows users to search terminal content as well as their firm’s proprietary content by asking natural language questions.
CDOs must deliver short-term wins ‘that people give a crap about’
The IMD Wrap: Why bother having a CDO when so many firms replace them so often? Some say CDOs should stop focusing on perfection, and focus instead on immediate deliverables that demonstrate value to the broader business.
BNY standardizes internal controls around data, AI
The bank has rolled out an internal enterprise AI platform, invested in specialized infrastructure, and strengthened data quality over the last year.
