IBM Websphere MQ Integrator Broker for HP Nonstop Kernel Extends Integrator′S Platform Coverage

Total Page:16

File Type:pdf, Size:1020Kb

IBM Websphere MQ Integrator Broker for HP Nonstop Kernel Extends Integrator′S Platform Coverage Software Announcement September 24, 2002 IBM WebSphere MQ Integrator Broker for HP NonStop Kernel extends integrator′s platform coverage Overview WebSphere MQ Integrator Broker for HP NonStop Kernel delivers business At a glance WebSphere MQ Integrator integration through information Broker for HP NonStop Kernel, connectivity. It enables: Integrate, link, and control central to the IBM WebSphere information flow between your • software platform, helps you: Connection of disparate, business systems incompatible business systems so • Create, deploy, and control that information can be accessed Available in 2002: regardless of where it resides message-based business • solutions HP NonStop Kernel platform • Intelligent routing of information support • based on the content of the Integrate existing applications • with new e-business requirements information being sent National Language Support (U.S. English and Japanese) • • Publication of relevant Integrate applications within • enterprises information only to those Improved message repository interested manager (MRM) support for • Connect applications between XML messages, performance, enterprises and their suppliers • Delivery of information to mobile and tagged messages devices, quickly and securely WebSphere MQ Integrator Broker is • Extensions to ESQL capability available on the following platforms: Key prerequisites • DTD import capability • HP-UX Refer to the Hardware and Software • Message aggregation capability • Solaris requirements sections. • AIX Available in 2003: • Windows NT , Windows 2000 Planned availability dates • z/OS • Visual debugging tools • HP NonStop Kernel • October 31, 2002: Electronic • Support for plug-in input nodes ′ Software Delivery What s new • Ability to author plug-in nodes • November 29, 2002: Physical written in Java WebSphere MQ Integrator Broker for Media HP NonStop Kernel enhances the • MRM multipart tagged message flexibility and appeal of WebSphere • February 28, 2003: Physical support for formats such as EDI MQ Integrator. It is designed and Media and SWIFT implemented to maximize the advantages of the combination of the • User Name Server HP NonStop Server platform and IBM′s WebSphere MQ software. Open, yet secure...WebSphere MQ (See Description for more details.) Integrator cross-platform middleware is scalable and Span the divide between business manageable. processes and make consistent For ordering, contact: information accessible within and Your IBM representative, an IBM Business between enterprises. Partner, or the Americas Call Centers at 800-IBM-CALL Reference: YE001 Business integration The IBM WebSphere platform for e-business includes business integration software and solutions that help integrate a single department or pervade the entire enterprise, reaching across business channels, trading partners, and Web customers. This announcement is provided for your information only. For additional information, contact your IBM representative, call 800-IBM-4YOU, or visit the IBM home page at: http://www.ibm.com. IBM United States IBM is a registered trademark of International Business Machines Corporation. 202-239 WebSphere MQ Integrator Broker for HP NonStop Kernel Description uses WebSphere MQ to send and receive messages between applications. Operations performed on the WebSphere MQ Integrator Broker for HP NonStop messages include: Kernel • Filtering WebSphere MQ Integrator Broker for HP NonStop Kernel • Computing (based on message content) technology is a powerful information broker that selects • Augmenting messages from business data and distributes information to the applications, databases, and people that need it. • Applying a variety of rules and routing functions, including publish and subscribe WebSphere MQ Integrator Broker for HP NonStop Kernel maximizes the advantages of your HP NonStop Server Message formats can be self-defining, using XML, or environment, while maintaining full, standard defined using an IBM-provided format repository or functionality. The product′s multi-process, multi-threaded third-party message dictionaries. Predefined templates architecture provides good scalability for a mixed mean WebSphere MQ Integrator Broker for HP NonStop workload including database operations, as well as Kernel can exchange information with major packaged CPU-intensive operations such as message applications. transformations. The ease by which you can integrate your NonStop applications using WebSphere MQ Benefits Integrator Broker for HP NonStop Kernel has been significantly enhanced by allowing custom plug-in nodes WebSphere MQ Integrator Broker for HP NonStop Kernel to use native HP NonStop communication mechanisms. offers flexibility for customers who do not need the rules For example, WebSphere MQ Integrator Broker for HP and formatter functions but require all the other functions NonStop Kernel can be configured with a custom input provided by WebSphere MQ Integrator. node that can act as a TS/MP server; you can use TS/MP requester applications to drive integration message flows Benefits include: directly. The combination of WebSphere MQ Integrator Broker for HP NonStop Kernel and MQSeries for NSK • Tagged Message Support running on the NonStop Server platform provides a − Ability to handle all types of industry message fault-tolerant, easy-to-use, flexible, and scalable platform formats for your enterprise integration hub. − Wider application to industry solutions Users can implement realtime, application-to-application message transformation and intelligent message routing • Enables industry-standard messages (SWIFT, EDI), quickly and easily. It is flexible so applications can be using complementary SupportPacs and IBM Services added, extended, or replaced within information flows. − A range of message format library support WebSphere MQ Integrator Broker for HP NonStop Kernel − Solutions using these technologies is a cross-platform middleware application integration engine. This powerful information broker manages: • XML enhancements to the Message Repository Manager (MRM) • Business information integration − Supports industry-standard XML formats • Application integration − All formats integrated and managed consistently • Integrated application data with business data and builds a dynamic distribution mechanism for • Java environment for plug-in nodes information for users to subscribe to applications − Support for Java APIs when developing custom • Visualization of application flow through the use of a plug-ins graphical development environment − Industry momentum exploited for Java program In addition, WebSphere MQ Integrator Broker for HP − Easier availability of skills to rapidly integrate NonStop Kernel: industry technologies through an open framework • Works closely with relational databases to augment • Plug-in API extensions (input nodes) messages and also to warehouse data − • Any industry application connects to the integration Can distribute messages, using a dynamic broker regardless of protocol publish/subscribe mechanism that enables the subscriber to filter messages based on content − Simpler, more direct integration across your enterprise • Exploits the transactional control offered by WebSphere MQ to provide end-to-end transactional integrity between applications Features • Is architected with a library of nodes produced by IBM Improved MRM: WebSphere MQ Integrator Broker for HP and delivered with the product NonStop Kernel includes a new version of the MRM with significantly enhanced support for XML messages and Further plug-in nodes and parsers can be downloaded. support for industry-standard “tag-delimited” message WebSphere MQ Integrator Broker for HP NonStop formats such as SWIFT, EDI, and AL3 (ACORD). Kernel does not contain the rules and formatter support found in WebSphere MQ Integrator. Extensions to the Logical Model Customers, Business Partners, or other third parties may • Explicit cardinal attributes — MRM supports four basic add to these functions by developing further plug-ins for cardinal attributes (one, one or more, one or zero, zero use with this open framework concept. 202-239 -2- or more) plus the ability to extend this to cardinal • Tag separator — A reserved string that separates the attributes such as (more than two and less than six). tag from its field • Sequence and Choice — Compound types have a • Continuation character — Indicates the continuation of composition property that defines how they are field data onto a new line composed of their type members. In a sequence, the • — type members (if present) must appear in the order Escape character Used so that special reserved specified. At most, one of the type members can characters (such as delimiters) can be included as part appear. of data • — • OrderedSet and UnorderedSet — Two further Reserved characters String that specifies special composition types required for XML modeling allow reserved characters that must be preceded by the compound types to be composed of other types. This escape character if they are to be included as part of is to allow modeling of DTD elements whose content the data specs include parentheses; for example, (A,B | (C,D). • Message-begin delimiter — Special reserved character • Support for ANY, EMPTY, and MIXED element content. used to indicate start of a message body • — • XML attribute support — Allows XML attributes to be Message-end delimiter Special reserved character modeled as child elements. This also implies that a used to indicate end of a message body compound type
Recommended publications
  • Standards at Transactional and Aggregated Level
    Standards at transactional and aggregated level 7th May 2014 eSupervision Workshop, Rome Overview The value, need and ability to capture transactions in a standard way in repositories as a foundation for regulatory analysis using the example of ISO 20022 The value of and need for connecting the transactional and detailed-level data standards and models (ISO 20022, ACORD, FpML, FIBO, FIX) with regulatory or aggregated data standards (XBRL, SDMX, XML) First, a look at internationally developed data standards for financial services and the ISO 20022 standard International Standards for Financial Services, ISO/TC68 ISO Technical Committee TC68 Financial Services SC2 SC4 SC7 ISO 20022 Security Securities Core Banking Standard ISO 20022 WG5 Registration ISO 20022 Technical LEI Management Standard Standard Group ISO 17442 Technical Registration Support Authority Group Standard Evaluation Groups Standards Managed by ISO/TC68/SC2, Security ISO TC68/SC2 Financial Services, Security Published Standards – ISO 9564 Personal Identification Number (PIN) management and security – ISO 11568 Key management (retail) – ISO 13491 Secure cryptographic devices (retail) – ISO 13492 Key management related data element -- Application and usage of ISO 8583 data elements 53 and 96 – ISO 15782 Certificate management for financial services (PKI) – ISO 16609 Requirements for message authentication using symmetric techniques – ISO 21188 Public key infrastructure management for financial services - Practices and policy framework Technical Reports ISO 13569 Information
    [Show full text]
  • Success Codes
    a Volume 2, No. 4, April 2011, ISSN 1729-8709 Success codes • NTUC FairPrice CEO : “ International Standards are very important to us.” • Fujitsu innovates with ISO standards a Contents Comment Karla McKenna, Chair of ISO/TC 68 Code-pendant – Flourishing financial services ........................................................ 1 ISO Focus+ is published 10 times a year World Scene (single issues : July-August, November-December) International events and international standardization ............................................ 2 It is available in English and French. Bonus articles : www.iso.org/isofocus+ Guest Interview ISO Update : www.iso.org/isoupdate Seah Kian Peng – Chief Executive Officer of NTUC FairPrice .............................. 3 Annual subscription – 98 Swiss Francs Special Report Individual copies – 16 Swiss Francs A coded world – Saving time, space and energy.. ..................................................... 8 Publisher ISO Central Secretariat From Dickens to Dante – ISBN propels book trade to billions ................................. 10 (International Organization for Uncovering systemic risk – Regulators push for global Legal Entity Identifiers ..... 13 Standardization) No doubt – Quick, efficient and secure payment transactions. ................................. 16 1, chemin de la Voie-Creuse CH – 1211 Genève 20 Vehicle ID – ISO coding system paves the way for a smooth ride ........................... 17 Switzerland Keeping track – Container transport security and safety.. .......................................
    [Show full text]
  • 20Th ABMF Meeting Agenda As of 6-Oct-2015
    20th ASEAN+3 Bond Market Forum (ABMF) Sands Expo and Convention Centre Marina Bay Sands, Singapore Sibos: 12-15 October ABMF meeting: 15-16 October 2015 TIME PROGRAM Programs recommended for the members to participate 12 October (Monday) Standards 09:00-09:45 How does ISO 20022 enable innovation in Asia Pacific? Forum Global trends in regulated securities markets: how to 09:00-09:45 Securities return to a path of growth? Standards 13:00-13:45 The top five benefits of ISO 20022: a 360 degree view Forum 14:00-15:15 Opening Plenary SIBOS Introduction to SWIFT's ISO 20022 harmonization Standards 15:30-16:15 framework Forum 15:30-17:00 A future for CSDs? MI Forum 13 October (Tuesday) Planning your ISO 20022 implementation: Myths, best Standards 09:00--9:45 practice and advice Forum Standardising the standard: the need for global ISO 20022 Standards 10:15-11:15 market practice Forum Securities, Securities market infrastructure innovation: the next 10:15-11:15 Market frontier Infrastructure Market infrastructures update: ISO 20022 plans and Standards 13:00-13:45 visions Forum Standards 14:00-14:45 MyStandards: a platform for ISO 20022 harmonization Forum Securities, Breaking the silos: Building a global assets inventory to 14:00-15:00 Standards optimize collateral management Forum 14:30-15:00 Cross-Border Stock Market Links in Asia: What Makes SWIFT Page 1 of 3 20th ABMF meeting agenda as of 6-Oct-2015 TIME PROGRAM One a Success? Institute Driving the industry towards a truly global ISO 20022 MI Forum, 15:30-16:30 standard SF ISO 20022 Harmonization
    [Show full text]
  • Newsletter ISO 20022
    WINTER 2010 VOLUME 2, ISSUE 2 ISO 20022 Newsletter IN THIS EDITION Dear RMG Members: Letter fom Gerard Hartsink ..................................................1 ince the 2008 Helsinki meeting, the RMG pursued a Highlights From “Meet the Tokyo Market” May 2010 ............2 S“Meet the Market” program where RMG members ISO 20022 Securities Standards: Asian Perspective ..............3 carved out time for host countries to invite local financial institutions to attend briefings on the ISO 20022 standard, Technical Support Group Prepares as well as provide RMG attendees with information about (TSG) 20022 Migration Paper ............................................5 their financial activities. This exchange has proven a valu- Securities Messaging Standards Development able educational tool where host firms and central bankers in the ASEAN+3 Countries ..................................................6 learn and anticipate what might be needed to implement the ISO A Tale of Two Standards: XBRL and ISO 20022 ..................10 20022 standard, and, in turn, Current Status of ISO 20022 Voting ..................................11 learn about progress being made locally by invitees in their areas of Message Extensions for Supplementary Data…. ..................12 expertise. Internal Governance of the ISO 20022 Registration Our recent meeting in Tokyo Management Group (RMG) ..............................................15 saw more than 100 participants New “For Dummies” Book Explains ISO 20022 ..................16 attending a briefing on the benefits of adopting ISO 20022. Our RMG Building the Single Euro Payments Area Based on group also learned about the new ISO Standards: A further progress report on SEPA................17 developments, state of the busi- The International Payments Framework ness, and what is progressing in Association is Formed ......................................................20 Japan, (see article titled in part ‘Meet the Tokyo Market’) as well as SWIFT’s Role as ISO 20022 Registration Authority ..............22 throughout Asia.
    [Show full text]
  • Settlement Common Elements
    Settlement Common Elements Settlement Common Elements Disclaimer The Securities Market Practice Group is a group of experts who devote their time on a voluntary basis to define global and local market practices for the benefit of the securities industry. The market practice documentation and recommendations produced by this organization are intended to solve common problems across the securities industry, from which financial institutions can derive clear benefits, to harmonize business processes and to facilitate the usage of message protocols ISO 15022 and ISO 20022. While the Securities Market Practice Group encourages the implementation of the market practices it develops, it is up to the financial institutions within each market to implement the market practices according to their needs and agreements with their business counterparts to support their businesses as efficient as possible. Although the SMPG has used all reasonable efforts to ensure accuracy of the contents of this document, the SMPG assumes no liability whatsoever for any inadvertent errors or omissions that may appear thereon. Moreover, the information is provided on an "as is" basis. The SMPG disclaims all warranties and conditions, either express or implied, including but not limited to implied warranties of merchantability, title, non-infringement and fitness for a particular purpose. Neither the SMPG, nor any of its members and/or contributors shall be liable for any direct, indirect, special or consequential damages arising out of the use of the information published in this document, even if the SMPG or any of its members have been advised of the possibility of such damage. Status: Final Preparation date: November 2000 Update date: March 2016 Update.
    [Show full text]
  • Bulgarian National Bank Consolidated Financial Statements for the Year Ended 31 December 2012 88 Bulgarian National Bank
    Bulgarian National Bank ANNUAL REPORT • 2012 Published by the Bulgarian National Bank 1, Knyaz Alexander I Square, 1000 Sofia Tel.: (+359 2) 9145 1351, 9145 1209, 9145 1231 Fax: (+359 2) 980 2425, 980 6493 Printed in the BNB Printing Centre Website: www.bnb.bg © Bulgarian National Bank, 2013 The BNB Annual Report for 2012 employs data published prior to 1 April 2013. Materials and information in the BNB 2012 Annual Report may be quoted or reproduced without further permission. Due acknowledgment is requested. The cover shows an engraving of the BNB building from the 1938 banknote with a nominal value of 5000 levs. ISSN 1313-1494 Honourable Chairman of the National Assembly, Honourable People’s Representatives, Under the provisions of Article 1, paragraph 2 and Article 51 of the Law on the Bulgarian National Bank, I have the honour of presenting the Bank’s 2012 Annual Report. Ivan Iskrov Governor of the Bulgarian National Bank BNB Governing Council Governing BNB Sitting from left to right: Penka Kratunova, Ivan Iskrov, Boryana Pencheva. Standing from left to right: Kalin Hristov, Statty Stattev, Rumen Simeonov, Dimitar Kostov. Governing Council Ivan Iskrov Governor Dimitar Kostov Deputy Governor Banking Department Rumen Simeonov Deputy Governor Banking Supervision Department Kalin Hristov Deputy Governor Issue Department Penka Kratunova Boryana Pencheva* Statty Stattev * As of 2 December 2012 Boryana Pencheva is a member of the BNB Governing Council. Until 1 December 2012 Oleg Nedyalkov was a member of the BNB Governing Council. Organisational
    [Show full text]
  • ISO 20022 RMG Newsletter
    ISO 20022 RMG Newsletter Volume 9, Issue 1 April 2018 Edition Convenor’s Note Welcome to the latest edition of the ISO 20022 RMG newsletter! By James Whittle. Convenor of the ISO TABLE OF CONTENTS 20022 RMG, NPSO (UK). Convenor’s Note 1 n this edition, the underlying Introduction 1 In this issue 2 theme is the resilience of ISO News 20022 to meet new business re- I Global Adoption, Tools, RMG Meetings, Other 2 quirements in financial services. ISO 20022 for Securities Remaining relevant in a time of im- ISO 20022 and Cross-border Fund Orders 6 mense industry change is one of the facets of ISO 20022 that ISO 20022 Investment Funds Update 9 ISO 20022 for Payments has accelerated its take-up. In the last newsletter the focus Swiss ISO 20022 Payments Harmonization 10 was on standards and regulation, which continue to drive The Meaning of Payments Purpose 11 adoption, however we now see the ISO 20022 community ISO 20022 Process and Technology taking a more proactive approach to handling change, Implementation Recommendations for MIs 14 meeting new requirements, and supporting interoperability. I An ISO standard for web-based APIs 14 see no slowing down of ISO 20022 adoption in 2018! Accelerating ISO 20022 Maintenance 16 Questions and contacts 20 I welcome the opportunity to share information and increase understanding about what is happening in the RMG and across the user community. It has always been my mantra to emerging requirements and continue to show resilience and ensure that the ISO 20022 standard is evolving in a way that superiority in the market.
    [Show full text]
  • Decoding Payments Message Standards
    Decoding payments message standards October 2019 Foreword Dear readers, It is our pleasure to bring to you the latest edition of PwC’s payments newsletter. In this edition, we have focused on the technology behind message formats and specifications for processing transactions across various payments systems, the benefits of message standardisation across payment rails, and how ISO 20022 can help to achieve security and transparency across domestic and cross-border payments. We have also evaluated the ISO 20022 payments message standard and use cases, compared this standard with other existing payments message standards, and provided suggestions on the way forward towards standardisation. We hope you will find this to be an insightful read. To know more about payments message standards or share feedback, please write to: [email protected] or [email protected] 2 PwC Decoding payments message standards - October 2019 Table of contents Introduction Messaging standards – Key considerations and Market updates Payments technology a comparison way forward updates 4 7 10 14 16 3 PwC Decoding payments message standards - October 2019 Introduction 4 PwC Decoding payments message standards - October 2019 Introduction The International Organisation for Standardisation (ISO), an Some of the challenges faced by payments messaging standards built international body which sets global and commercial standards decades back are: worldwide, has defined various standards for facilitating the flow of messages related to payments/financial transactions. Over the years, many countries have adopted various standards for domestic 1 2 3 payments transfer such as ISO 8583, ISO 15022, American National The standards heavily Payments Different applications, Standards Institute (ANSI) X12, and Electronic Data Interchange for use ‘free-format’ fields systems using resources and Administration, Commerce and Transport (EDIFACT).
    [Show full text]
  • BEA Weblogic Adapter for ISO 15022
    BEA WebLogic Adapter for ISO15022™ User Guide Release 7.0 Document Date: November 2002 Copyright Copyright © 2002 BEA Systems, Inc. All Rights Reserved. Copyright © 2002 iWay Software. All Rights Reserved. Restricted Rights Legend This software and documentation is subject to and made available only pursuant to the terms of the BEA Systems License Agreement and may be used or copied only in accordance with the terms of that agreement. It is against the law to copy the software except as specifically allowed in the agreement. This document may not, in whole or in part, be copied photocopied, reproduced, translated, or reduced to any electronic medium or machine readable form without prior consent, in writing, from BEA Systems, Inc. Use, duplication or disclosure by the U.S. Government is subject to restrictions set forth in the BEA Systems License Agreement and in subparagraph (c)(1) of the Commercial Computer Software-Restricted Rights Clause at FAR 52.227-19; subparagraph (c)(1)(ii) of the Rights in Technical Data and Computer Software clause at DFARS 252.227-7013, subparagraph (d) of the Commercial Computer Software--Licensing clause at NASA FAR supplement 16-52.227-86; or their equivalent. Information in this document is subject to change without notice and does not represent a commitment on the part of BEA Systems. THE SOFTWARE AND DOCUMENTATION ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. FURTHER, BEA Systems DOES NOT WARRANT, GUARANTEE, OR MAKE ANY REPRESENTATIONS REGARDING THE USE, OR THE RESULTS OF THE USE, OF THE SOFTWARE OR WRITTEN MATERIAL IN TERMS OF CORRECTNESS, ACCURACY, RELIABILITY, OR OTHERWISE.
    [Show full text]
  • Society for Worldwide Interbank Financial Telecommunication
    SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION 12th January 2007 Fabrice Demarigny Secretary General The Committee of European Securities Regulators 11/13 Avenue de Friedland 75008 Paris France Dear Mr Demarigny, Use of Reference Data Standard Codes in Transaction Reporting – Ref CESR/06-648b SWIFT welcomes the consultation opportunity offered by CESR on the issue of Reference Data Standard Codes in Transaction Reporting. As stated in our responses to previous consultations, SWIFT is committed to the goal of achieving a harmonised European financial market, and we welcome every opportunity to continue our involvement in achieving this goal. SWIFT would be pleased to provide any further clarification or detail on the comments that we have made. Questions relating to our response may be addressed to either of the contact points below. Yours Sincerely Richard Young Securities Markets - SWIFT S.W.I.F.T. s.c. 7th floor - The Corn Exchange - 55 Mark Lane - London EC3R 7NE – UK - United Kingdom Telephone: +44 (020) 7762 2000 - Fax: +44 (020) 7762 2222 - www.swift.com VAT: GB 447 002086 SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION Committee of European Securities Regulators (CESR) Use of Reference Data Standard Codes in Transaction Reporting CESR/06-648b Public Consultation Response from SWIFT Background SWIFT is an industry owned and governed co-operative that acts as a central standards body for the financial industry. SWIFT is recognised by the 'de juré' international standards setters such as ISO (International Organisation for Standardisation), ITU (International Telecommunication Union) and UN/ECE (United Nations / Economic Commission for Europe) as an official international liaison organisation which contributes to the initiation, definition and promotion of a number of financial standards.
    [Show full text]
  • Corporate Actions
    CORPORATE ACTIONS GETTING STARTED WITH ISO 20022 MESSAGING VERSION 2.0 MAY 1, 2019 Copyright © 2019 by The Depository Trust & Clearing Corporation (“DTCC”). All rights reserved. This work (including, without limitation, all text, images, logos, compilation and design) is proprietary and protected by copyright, and is for the exclusive use of users authorized by DTCC. If this work is received from DTCC in any electronic medium, authorized users of this work are granted a limited, non-exclusive, non-transferable, non-sublicensable and freely revocable license to make reproductions and transmissions necessary for downloading and storage of this work on the users' computers and to print one or more paper copies from the electronic version for their own use. Other than to this limited extent, no part of this work (including any paper copies thereof or print versions thereof) may be printed, copied, altered, modified, posted, reproduced, displayed, published, sold, licensed, used or distributed (including by transmission) in any form or by any means, or stored in any information storage and retrieval system, without DTCC's prior written permission. The services described above are provided under the “DTCC” brand name by certain affiliates of The Depository Trust & Clearing Corporation (“DTCC”). DTCC itself does not provide such services. Each of these affiliates is a separate legal entity, subject to the laws and regulations of the particular country or countries in which such entity operates. Please see www.dtcc.com for more information on DTCC, its affiliates and the services they offer. All product or service names are the property of their respective owners.
    [Show full text]
  • Uncovering Systemic Risk Regulators Push for Global Legal Entity Identifiers
    a Uncovering systemic risk Regulators push for global Legal Entity Identifiers by Paul Janssens Regulatory concerns Regulators too have taken a specific The recent financial crisis has underscored the need for additional interest in LEIs. In the USA, the Dodd- transparency and regulation in financial markets. Globally, regulators Frank Wall Street Reform and Consumer are conducting systemic risk analyses aimed at understanding Protection Act (DFA) created the Office of Financial Research (OFR) with the the aggregate risks of entities and their counterparties across asset specific task of collecting large quantities classes and regions. Precise and accurate identification of legal enti- of pricing, position and trading information ties engaged in financial transactions is important to private markets and analysing it to uncover systemic risks. and government regulators alike. Other US regulators will need to perform similar tasks. An essential component of enabling Most financial firms have developed In Europe, meanwhile, the European regulators to conduct such risk analysis is their own LEI solutions in-house, an Securities Market Authority (ESMA) and the creation and maintenance of a global, approach that creates inefficiencies. the European Systemic Risk Board (ESRB), standard Legal Entity Identifier (LEI), the Tracking counterparties and calculating which held its inaugural meeting in January core record attributes which comprise it, exposures across multiple data systems 2011, have been set up to collect transactions and a utility to support it. In other words, is complicated and expensive, and it can reporting and analyse global systemic risks. the adoption of a reliable, internationally result in costly errors. Precise identification of financial firms is accepted LEI solution.
    [Show full text]