Former S&P Capital IQ chief Lou Eccleston is heading to Canada to join TMX Group as its new chief executive officer. In this role he’ll oversee a range of multi-asset class exchanges in Canada, including the Toronto Stock Exchange, the Canadian Depository for Securities, and the Canadian Derivatives Clearing Corp. amongst others.
The board of the Global Legal Entity Identifier Foundation (GLEIF) met last week to discuss the master agreement that will define legal relationships between Local Operating Units (LOUs) and the foundation, governance of the foundation, and funding. It also touched on the technology requirements of the Central Operating Unit (COU) of the Global LEI System (GLEIS), but has yet to decide whether to operate or outsource the central LEI database that will be at the heart of the system.
Northern Trust is up and running with a delegated client trade reporting service based on the software-as-a-service (SaaS) version of Sapient Global Markets’ Compliance Management Reporting Solution (CMRS). The solution supports Northern Trust in fulfilling its clients’ derivatives reporting requirements under EMIR and Dodd-Frank, and eases the burden of keeping up with regulatory change.
AIM Software has secured its fifth customer in the Netherlands, a large European asset manager that is using the company’s GAIN Corporate Actions DM application to automate the processing of corporate actions.
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?
A-Team Group recently held a webinar on the topic of Regulation and Risk as Data Management Drivers. You can now listen to the recording of that webinar and download the accompanying Special Report with a single sign in.
Coined as the “Basel for insurers”, the European Union’s Solvency II Directive is not simply one regulation among many. Solvency II will impact not only insurance companies but also the whole of the buy side chain, with an emphasis on asset servicers (investment managers, custodians and fund administrators).