The Global Legal Entity Identifier (LEI) System is moving towards completion following a statement from the Regulatory Oversight Committee (ROC) on the introduction of LEI hierarchy data and the opening of a website by the Global LEI Foundation (GLEIF) that will provide access to a centralised database of all issued LEIs. Work is also being carried out by the GLEIF to develop a master agreement that will govern its relationships with pre-Local Operating Units (LOUs) and lead to a fully operational global LEI system.
Mizuho International has reduced operational risk, improved data quality and cut down the time it takes to onboard clients by replacing legacy systems and manual processes with an enterprise data management (EDM) solution from GoldenSource.
Bureau van Dijk (BvD), a provider of company information, is ready to meet financial institutions’ requirements for Legal Entity Identifier (LEI) hierarchy data once the data is defined by the Regulatory Oversight Committee (ROC) of the LEI or agreed by financial market participants for use in the Global LEI System.
Legal and General Investment Management (LGIM) has completed its initial implementation of Curium DQM across its data management and investment operations teams in London and Chicago as part of its drive to meet key data governance objectives and visibility of data across the enterprise.
To accompany our recent webinar on the Putting the LEI into Practice, we asked participants to give us their thoughts on the key discussion themes. Here is Marty Williams, Vice President, Reference Data Development, Interactive Data.
The wave of LIBOR-inspired compliance requirements has particular implications for capital market participants. Proactive management of a firm’s risk and compliance environments is desperately needed to stay ahead of this wave.
The past 12 to 18 months has seen the appointment of many chief data officers, in an apparent acknowledgment of the strategic importance of data to the financial institution. But what is the CDO’s role? Is it that of an evangelist or enforcer of internal data policies and procedures? Or something else entirely?
There is increased focus on the client onboarding process as regulatory pressures continue to mount. The fear of failing to comply and incurring heavy fines, not to mention the loss of reputation, is...
A-Team Group recently held a webinar on the topic of How to Meet FATCA Requirements, discussing the data management challenges FATCA presents and suggests how firms can best meet the regulation’s requirements.