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’.
State Street’s Entity Exposure Monitor Service went live this week, giving asset owners and managers a view of how much financial exposure they have to each legal entity they do business with or have in their portfolios. As well as being available immediately, the service plays into forthcoming US and European regulation on legal entity identifiers (LEI), with State Street saying it will be able to morph its identifiers into those required by regulators once regulation is finalised. 
Emergence, the first seed capital fund introduced in France with support from Paris Europlace, has selected Societe Generale Securities Services (SGSS) to provide valuation and trustee services to NewAlpha Asset Management, the fund’s financial manager and selector of small asset managers that will form the fund.
XSP is extending the market reach of its automated corporate actions solution through a deal with technology services provider Broadridge Financial Solutions and a cloud-based version of its software.
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
Interactive Data has upgraded its Vantage web application for evaluated pricing transparency to Version 2.0. The upgrade offers a significant expansion of instrument coverage, from 125,000 securities in Version 1.0 to 2.8 million in Version 2.0, and improved compliance and risk management through greater transparency of the firm’s evaluated pricing in the fixed income market.
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The size of the data spend in financial services is astounding, but even more incredible is the lack of transparency and knowledge around these costs. Citisoft believes that the true cost of ownership of data is often unknown, inaccurate or poorly calculated. At a time when regulatory, client due diligence and P&L considerations are exerting increasing pressure upon the data management function, Investment management firms need a structured method for auditing their data costs and calculating their full cost of data ownership.
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