Regulation
IMA Adviser Explains Solvency II Challenges for Asset Managers
Susan Wright of the UK's Investment Management Association explains what the European Parliament's adoption of Omnibus II means for the implementation of Solvency II
Swift's Neutjens Talks Progress For Utility Platform
Over the past year or more, Swift has made major strides in reference data services with its SwiftRef platform. Patrik Neutjens, the organization's head of reference data, speaks with Michael Shashoua about its accomplishments and the work ahead
IRS Fills In Fatca Details
The US Internal Revenue Service has issued a final form for filing under the foreign tax withholding regulation, completed more agreements with foreign entities to enforce the rules and extended a key registration deadline to April 12
Wolters Kluwer Updates Reporting Capabilities for Austrian Requirements
Wolters Kluwer Financial Services has used the software of the Svenson business it acquired last year to make updates necessitated by changes to Austrian reporting requirements
Not the Home Stretch
The data management demands facing the industry continue to expand, and the plans and systems available or being devised to deal with them need to grow at the same rate, as ISITC's chair observed at its recent annual conference.
For Fatca Compliance, Banks Work to Create Internal Data Hubs
At a conference hosted by Waters' sibling publication OpRisk, panelists discussed the technological pain points that surround compliance with new Fatca guidelines. The key hurdle is clear: integrating disparate systems in order to more efficiently share…
Max Bowie: Got an ITCH? Let It Spread
Nasdaq OMX’s proprietary ITCH data protocol has become the de facto standard used for data dissemination by equity markets, with more marketplaces adopting the protocol or ITCH-like alternatives. But, asks Max, will widespread adoption create…
Michael Shashoua: Putting Fatca in Perspective
Firms are thinking about the ways and means of complying with the Fatca foreign tax withholding rules, even with incomplete guidance and preparation, as the key July 1 deadline approaches. Michael considers the permutations for ensuing process…
Markit Readies Swaps Identification for September Launch
Markit plans to expand its RED codes to handle reference requirements set by ISDA for credit default swaps, in an effort to better support the credit event process.
Grappling With Quality
Avox's general manager Mark Davies explores why poor data quality is still an issue for firms when trying to understand their counterparty exposure, and outlines three steps they can take to improve the situation
Who Watches? Not the Watchers, Apparently
The CFTC’s data dilemma leads this week’s coverage.
ISITC's Zoller on Conference Highlights
Jeff Zoller, chair of ISITC, talks about the new middle office group announced at the organization's 20th annual conference in Boston on March 24, as well as other issues on the agenda
Consolidated Audit Trail Gets New Push
Bidding to become the processor of consolidated audit trail has just closed, leading into a process of choices and approvals by the SEC and self-regulatory organizations likely to last into 2015 and beyond
FSN Capital Partners Selects iLevel for Portfolio Reporting
Nordic-based private equity firm FSN Capital Partners (FSN) has implemented iLevel's cloud-based Private Capital Data Platform to automate data collection and reporting.
CFTC Opens Discussions on Standard Structure for Global UTI
The US Commodity Futures Trading Commission has begun speaking to other regulators about the possibility of creating a standard structure for a global unique transaction identifier
O'Malia Outlines How CFTC Can Tackle its Data Difficulties
Commodity Futures Trading Commission's Scott O'Malia says regulator must improve swaps data quality, and develop automated surveillance and risk analytics tools
The Customer is Always Vaguely Identifiable
Further pushes into KYC and the expanding use of social tech lead this week’s coverage.
FIX Preps ITCH Data Protocol Integration
Standards association FIX Trading Community is working to incorporate elements of Nasdaq OMX’s ITCH data protocol into the FIX Protocol, to create an industry data standard that combines the efficiency of binary ITCH messages with the flexibility and…
Fatca's Endgame
Firms are thinking about the ways and means of complying with Fatca foreign tax withholding rules, even with incomplete guidance and preparation, as a key July 1 deadline approaches
Fatca Fatigue Increasing, Experts Say
Banks getting tired of incomplete information and spiralling costs of Fatca, experts on the regulation told attendees at an event organized by Inside Reference Data and SIX Financial Information
Nasdaq OMX Clearing Receives First EMIR Authorization in Europe
The Stockholm-based clearinghouse, Nasdaq OMX Clearing, has received regulatory approval by the Swedish Financial Services Authority (SFSA) to operate as a central counterparty under the European Market Infrastructure Regulation (EMIR).
SIX Readies Fatca Modification Monitoring
SIX Financial Information will go live with monitoring for material modifications that can make securities subject to Fatca rules, when compliance takes effect on July 1
Investment Consultancy Citisoft Launches Know-Your-Outsourcer Tool
Investment management consulting firm Citisoft has launched a service, KYO-40, to help asset managers keep oversight of their outsource service.