Legal entity identifiers (LEIs)
Industry not sold on FIGI mandate for US reg reporting
Banks’ and asset managers’ tortured relationship with Cusip numbers remains tortured, as they tell regulators to keep the taxonomy in play.
Regulators recommend Figi over Cusip, Isin for reporting in FDTA proposal
Another contentious battle in the world of identifiers pits the Figi against Cusip and the Isin, with regulators including the Fed, the SEC, and the CFTC so far backing the Figi.
DSB says industry is ready to meet UPI mandate ahead of deadline
The Unique Product Identifier will be required for certain OTC derivatives in the EU at the end of April, following US adoption in January.
Waters Wavelength Podcast: Tim Baker on Cusip lawsuit, data copyrights, and innovation in market data
Expero’s Tim Baker joins the podcast to talk about the ongoing Cusip suit and regulatory intervention in the market data space.
Trade reporting challenges require data re-think
Data accuracy issues are hampering some firms’ regulatory reporting abilities. So why aren’t data professionals more involved? And how can compliance costs be turned into revenue drivers?
Waters Wrap: The drama within reference data
Anthony looks at four major stories recently published that will not just affect reference data professionals, but firms of all shapes and sizes.
Derivatives Service Bureau allows alternative identifiers for OTC derivatives UPI
The numbering agency has partnered with SmartStream and ICE to cross-reference and map the underlying asset’s identifier to the relevant Isin.
Gleif hopes to entice LEI laggards with new digital identifier
The vLEI has ambitions to become the backbone of digital trust.
Anna on track for Isin review deadline
The registrar of the barcode for financial instruments has adapted its systems to reflect the updated standard, ahead of February 2023.
Industry mulls identifier schema for digital assets
As crypto markets face a reckoning in the wake of the FTX scandal, standard-setters and industry participants say identifiers for tokens are key for the industry’s stability.
This Week: Cboe, Ice, ABN AMRO/Temenos & more
A summary of the latest financial technology news.
This Week: Six/Sustainalytics, Nice Actimize, SmartStream, and more
A summary of the latest financial technology news.
Second class-action lawsuit targets Cusip’s ‘monopoly’ on identifiers
Days after a first class-action suit took aim at Cusip, S&P Global, the American Bankers Association, and FactSet, another plaintiff has filed a complaint alleging that the quartet of companies violated the Sherman Antitrust Act, as well as certain…
Cusip finds new home at FactSet as industry watches warily
Though the standard has always been operated by a private entity, industry sources say its new operator could create a perception issue for FactSet. For its part, the vendor says the purchase (for a “stunning” total of nearly $2 billion) is meant to…
Bank consortium led by SocGen seeks to cure post-trade data ills
Project led by Societe Generale that uses privacy-enhancing technologies to solve data management issues hopes to sign up five banks and launch as a legal entity.
After lengthy fight, Bloomberg’s Figi recognized as official US data standard
The Figi is free to use, and becomes the second reference data standard alongside Cusip, authorized for financial instrument identification by the American National Standards Institute.
McKenna’s Gold: The woman who raised the standard for standards
This year’s inductee into the Inside Market Data Hall of Fame is Karla McKenna, a 35-year Citi veteran and standards advocate who is now Americas managing director of LEI standards body Gleif.
Swipe left: repo reporting no match for Brexit, or collateral
A happier start than Emir, but SFTR honeymoon is over now that trades report separately in UK and EU.
JP Morgan: New LEI scheme could make codes cheaper
The bank is offering identifiers for free to customers under a new scheme it hopes will drive down costs for entities wanting to sign up.
This Week: SmartStream, BSO/Oracle, Gleif, BMLL, Genesis/XP Investimentos
A summary of some of the past week's financial technology news.
IHS Markit Adds Tool to SFTR Platform to Catch Missing LEIs
The data provider's SFTR offering provides opt-in features to minimize LEI-related errors in collateral messages.