Trillium Software aims to ease the data management burden on financial institutions that must comply with the US Foreign Account Tax Compliance Act (Fatca) with data assessment and management services that will help them identify, gather and manage the data needed to meet the Act’s requirements.
CFTC chairman Gary Gensler has urged market practitioners to rally behind the Dodd-Frank regulatory reforms that will boost transparency in derivatives markets and outlined the steps the derivatives regulatory agency has taken to improve transparency in the swaps markets it oversees. 
Although Solvency II may at first appear to be an insurance only focused regulation, the asset management and asset servicing communities are having to prepare for some fairly onerous deep data requirements coming their way by way of their insurance clients, warned Chris Johnson, head of product management for market data services at HSBC Securities Services, at this month’s FIMA conference in London. 
M&G Investments first looked at establishing a new product master data solution for its 50-odd retail funds back in the summer of 2009 and, after a detailed and in-depth couple of years of background research and planning, it has finally rolled out the first phase of buy side data management specialist vendor MoneyMate’s DataManager solution. Conor Smyth, senior vice president of sales at MoneyMate, explains the details of the deal that began back in the summer of 2010, when the vendor successfully won the request for proposal (RFP) process.
After last week’s heated industry discussions on the subject of data vendor licenses and IP rights (see commentary on which 
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Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the regulation compliance with which will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’.
Ostensibly aimed at embedding risk management into the insurance industry, the regulation has serious repercussions for asset managers and the third-party administrators that service them. Solvency II, which starts to take effect at the beginning of 2013, places a significant reporting burden on asset managers, which will be required to provide unprecedented levels of transparency on the investments of their insurance company clients.
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In 30 years the OTC derivatives landscape has not faced such sweeping changes as it does today. Dodd-Frank, EMIR and the Volcker Rule are all new regulations in the capital markets devised to protect US and European consumers from ‘bailing out the banks’ again. As these various pieces of regulation are passed through as legislation, we are witnessing first-movers re-engineering their infrastructures to deal with the new real-time reporting regulatory requirements.
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