Inside Reference Data/News
Burton-Taylor: KYC/AML Spending Soars, Vendors Expect Further Boost
Burton-Taylor report shows spending on AML and KYC Data Solutions tops nearly $500 million as firms continue to invest in and adjust their KYC programs.
Thai Central Bank Opts for SimCorp’s Investment Management Platform
The solution will support both middle- and back-office functions.
Large Firms Select Trax for ARM and APA Services
Pan-European buy- and sell-side clients choose Trax's ARM and APA solutions for Mifid II compliance.
Know Your Climbing Costs: Big Firms Report Average $150M Spend on KYC
Costs associated with KYC continue to climb—a Thomson Reuters survey shows large financial institutions are spending $150 million on compliance in 2017.
Refreshed FIBO Incorporates Semantic Web Standards
EDM Council releases new version of FIBO that takes account of Semantic Web standards.
Thomson Reuters Adds Audit Management Tools to Connected Risk
New functions aim to help audit professionals improve efficiency in the audit process.
Citadel Data Chief Departs After Just Three Months
Laszlo Korsos, who left Uber to join Citadel in July, has reportedly left his position as chief data officer at the investment firm.
FCA: Mifid II Enforcement Starts Jan. 3, Will Be Targeted
UK regulator's Mifid coordinator underscores message from European Commission earlier this month: no further delays to deadline. However, enforcement will be targeted.
DTCC to Enhance Global Trade Repository for SFTR
The Depository Trust & Clearing Corporation is prepping for SFTR by enhancing GTR to support securities financing transaction reporting across Europe.
ICE Acquires Global Research Income Platform
Bank of America Merrill Lynch Global Research division’s fixed income index platform will become part of Intercontinental Exchange’s ICE Data Services.
Former Lime, Townsend CEO Wecker Returns to Goldman Sachs as CDO
The data and trading technology management veteran returns to the firm where he spent 11 years earlier in his career.
Four G-Sibs Pick AxiomSL for AnaCredit Reporting
Banks have already completed test submissions stipulated by Germany and Ireland.
Esma Launches Second Phase of Reference Database
Next phase of FIRDS gives market participants access to reference data needed to comply with Mifid II and Mar.
BRG Brings Bowman on Board
California-based Berkeley Research Group hires Naomi Bowman to lead EMEA Financial Services practice in London.
Knott Steps Down as NEX Optimisation CEO After Profit Warning
Jenny Knott vacates chief executive role of NEX Group's post-trade division following a profit warning earlier this month.
Bloomberg, Trax, LSE Among First Approved as ARMs
Financial Conduct Authority has started issuing approvals to entities that applied to act as ARMs under Mifid II.
BNP Paribas Pursues 40 Act Acquisition, Readies Live Blockchain Implementation
The French bank looks to make a "big" acquisition, and will go live with an internal blockchain for corporate actions within "weeks."
Ex-PolarLake CEO Randles Heeds Siren Call
The former PolarLake and Bloomberg exec sees opportunities in startup Siren's Big Data intelligence tools.
Esma Issues LEI Brief, Urges Firms to Step up Efforts
The European Securities and Markets Authority (Esma) urges market participants to take action now to obtain their LEI code before the Mifid II January 3, 2018 deadline.
ICBC Taps AxiomSL for Mifid II Solution
The bank is able to use the same platform for multiple regulatory reporting requirements.
Charles River and Trax team up for Mifid II reporting solution
Charles River Development’s Investment Management Solution will integrate Trax’s Mifid II Trade and Transaction reporting solutions.
SWIFT upgrades reference data quality for treasurers
A new reference data service from Belgium-based SWIFTRef enhances data quality for treasurers.
Derivatives Service Bureau Launches Real-Time Isin Creation
This will allow users to meet regulatory reporting requirements under Mifid II.
Regis-TR Commences Trade Repository Services in Switzerland
This service allows participants to comply with reporting obligations under FinfraG.