Commerzbank to Give Front Office Increased Responsibility for Counterparty Data

LONDON—Frankfurt-based Commerzbank has changed its counterparty data operations, moving more responsibility from compliance to the front office, according to a panellist at the European Financial Information Summit in London in October.

Increased focus on regulation and Know Your Customer (KYC) resulted in the bank changing its account-opening process, giving more data work to the front office to ensure sales people have relevant details about their clients. Previously, the front office asked

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Refinitiv’s PermIDs: Converting needs into opportunity

Refinitiv’s PermID framework was conceived as a proprietary tool to address an internal challenge around identifying objects in the firm’s information model. Once it had proved its worth, it was rolled out to the firm’s clients to significant success.

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