Data
UBS, Bank of America Find Value in DMM Model
Using the EDM Council's Data Management Maturity (DMM) model, UBS Securities and Bank of America have been able to improve on their data governance and data management, officials say
BNY Mellon Exec Predicts 'Global Fatca'
Amy Harkins, a senior vice-president and managing director at BNY Mellon, points to discussions about a "Global Fatca" sparked by various nations' responses to the US foreign tax compliance regulation
Union Bank of Taiwan Chooses Calastone for Funds Automation
The bank has no form of automation at present, but expects 60% of its trades to be automated when it goes live on the Calastone network in August and for this percentage to increase as more fund managers join the network
Pre-LEIs, Pre-LOUs, COU Top Agenda at LEI ROC Plenary
At a meeting last week, the regulatory oversight committee of the global legal entity identifier (LEI) system agreed on plans to develop statutes governing the LEI's central operating unit
Rimes Adds Swaps Index Data Feed
The managed data services vendor has added a new feed to its Reference Data Service that classifies indexes as either narrow-based or broad-based, according to the definitions of the Dodd-Frank Act
Markit Evaluates Corporate Actions Service Acquisition
The data services provider will be asking users of the Global Corporate Actions Validation Service, just acquired from DTCC, what new data sets and coverage should be added
IRD's Editor on Risk and the Drive to ISO 20022
With risk management being the biggest driver for corporate actions processing improvements, that ought to translate to support for the ISO 20022 messaging standard
Shanahan to Lead Omgeo's Governance, Risk, Compliance Work
Jeannie Shanahan has left State Street Global Advisors to take responsibility for Omgeo's governance, risk management and compliance projects
Torstone Courts Top Firms With Proof of Processing Capabilities
The software vendor believes tests that prove its post-trade processing system can handle up to 1 million trades an hour will help it secure top-tier clients
