The push for standardized legal entity identifiers (LEIs) is advancing as evidenced by the recent launch of a legal entity data portal (www.avoxdata.com) via Avox Ltd., a subsidiary of the DTCC. The portal is yet another milestone in the LEI drama, which has many scenes to go before LEIs become a permanent part of the… Read More >>
MD at DTCC Becomes Omgeo’s Chairman
MD at DTCC Becomes Omgeo’s Chairman Andrew Gray, managing director of core business management for the Depository Trust and Clearing Corp. (DTCC), joined Omgeo as chairman of the board this past June, officials say. Gray replaces Donald F. Donahue, former president and CEO of the DTCC, who retired from the DTCC last month but will… Read More >>
The CFTC’s LEI Move
The push for standardized Legal Entity Identifiers (LEIs) got a boost last week when the CFTC tapped the DTCC and SWIFT to be the providers of the CFTC Interim Compliant Identifiers (CICIs) for legal entities that participate in over-the-counter (OTC) derivatives trading. Yet many firms are only now beginning to take steps to move from… Read More >>
Fannie Mae EVP Joins BNY Mellon as COO
Fannie Mae EVP Joins BNY Mellon as COO Investment management and services provider BNY Mellon has a new chief operations officer (COO) in Edward Watson, who was Fannie Mae’s executive vice president (EVP) for operations, technology and general services.Watson, who will be joining BNY Mellon on July 9, says in a statement his top goals… Read More >>
Three Reasons to Suspend Your Agita
Much of the recent coverage of global financial markets has been disturbing. The endless sovereign debt crisis in Europe, the Facebook IPO fiasco and the billions that JPMorgan Chase & Co. lost are causing agita for many. I will attempt to provide a much-needed, if short, distraction by pointing out some very interesting financial technology… Read More >>
LEI at a Crossroads
In an eleventh hour move, a key panel of the Financial Stability Board (FSB) is pushing for the removal of the registration authority from the proposed standard for legal entity identifiers (LEIs). This leaves the SWIFT financial messaging cooperative, a backer of the LEI effort, without a clear role. Undaunted, SWIFT says it’s a strong… Read More >>
