DTCC
Legal Entity Identifier webcast: Plans For 2013
During a webcast about the legal entity identifier on November 27, industry participants provided insights into the Financial Stability Board's work on the identifier, discussed firms' implementation plans and considered the lessons that can be learned…
Predictions About Final SEF Headcount Drop
As the real-live launch of real-life swap execution facilities (SEFs) draws closer, a group of derivative experts predict that there will be fewer entrants than previously estimated.
Nothing Less Than the Best
Francis Gross, vice chairman of the legal entity identifier Implementation Group, discusses strategies for avoiding standards duplication of the standard and tells Nicholas Hamilton they're determined the identifier will fulfill its potential
Nord LB Builds Clearing Business From Dodd-Frank Compliance
The regional German bank plans to use its clearing facilities interfaces to offer clearing services for client banks that lack resources to create their own connections that meet regulatory mandates
New Alliance Calls For ISO 15022 Phase-Out
Several investment firms and service providers are presenting a business case for completing the industry's migration to the ISO 20022 messaging standard for corporate actions
LEI Operating Arm Should Be Lean And Fast, Say Basel Delegates
Regulators will consider recommendations that the operating arm of the legal entity identifier system should be kept lean and fast to begin with, following a meeting of the Financial Stability Board's Private Sector Preparatory Group
The Two-Day Maneuver
For something relatively simple in concept, the shortening of settlement cycles can be rather complex in practice. Moving away from T+3, though, is inevitable, and it has a solid groundswell of support within both the buy and sell sides.
Omgeo Adds Legal Entity Data To Alert Database
The addition of 23 new legal entity data fields to the database of settlement and account instructions is intended to enable investment managers and broker/dealers to better understand and track underlying legal entities for each counterparty
DTCC Names Milrod as Chief Administrative Officer
Donna Milrod, a senior executive at Deutsche Bank North America, will begin a new role at DTCC in mid-October
CICI Utility Includes Rigorous Data Validation And $200 Fees
The interim legal entity identifier utility launched by Swift and the Depository Trust and Clearing Corporation enables self-registration and third-party registration at a fee of $200, and includes rigorous data checks
Swift and DTCC Collaborate on Interim Identifier Launch
Firms launch CICIs following regulatory approval.
BNY Mellon Adopts DTCC Messaging
The corporate actions messaging solution, run on the Swift network, is an effort to standardize global messages.
Omgeo in Board Shakeup
Andrew Gray takes over top post as board of managers chairman while Tim Collier and Mark Bradbury are added as members.
Omgeo Names Gray As Chairman
Andrew Gray, a managing director at DTCC, will succeed Donald Donahue as chairman of the board of the post-trade processing services provider
Solving a Solvency II Dilemma
European regulator's announcement that an important code in its capital adequacy directive will not be harmonized through all countries could undermine the regulation itself
Waters Rankings' Best Corporate Actions Provider: DTCC
1. DTCC 27.5% 2. Interactive Data 26% 3. Fidelity ActionsXchange 15.3%
As We Predicted
Swift, and the DTCC, scored a win supporting their prospects as LEI administrators by gaining the CFTC's designation to run its CICI identifier standard
Swift, DTCC Prepare CICI Portal
Following on their CFTC designation, Swift and DTCC are making changes to their LEI registration portal to accommodate CICI identifiers
CFTC Chooses DTCC, Swift To Provide Interim LEI
The Depository Trust and Clearing Corporation and Swift will provide the US Commodity Futures Trading Commission's interim legal entity identifier when it comes into use in September
EuroCCP Adds Jefferies as Individual Clearer
New status marks 27th ICP for house.
Sifma Tech Expo Takeaways
Legal entity identifier (LEI) standards discussions proved to be a highlight of this year's Sifma Tech Expo
For Bank Loans, STP Initiative Promises New Frontier
Syndicated, or bank, loan trading stands to become more attractive for the buy side as Markit and agency banks collaborate on faster settlement and real-time views of inventory.
DTCC Unveils LEI Utility At Sifma
The Depository Trust and Clearing Corporation's (DTCC) legal entity identifier (LEI) utility will allow first-party and third-party registration and enable users to conduct individual searches and download its entire LEI database
March 2013 LEI Deadline Tough to Meet, Sifma Panelists Say
Robin Doyle, a senior vice president at JP Morgan Chase, remarked that the legal entity identifier (LEI) deadline may be tough for the industry to meet, as Inside Reference Data editor Michael Shashoua relates in this audio commentary