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News & Updates
Collateral Reuse Rules and Documentation Impacts
The EU regulation on securities financing transactions requires new disclosures for collateral that can be reused to provide additional awareness of the risks that this can cause to collateral providers with complex collateral ‘chains’ (see Article 15).
Financial Contract data capture – thought you were done, well think again!
In early March the European Banking Authority (EBA) published a consultation paper outlining draft regulatory standards for the minimum set of data that institutions should hold on their contracts within the European Union.
Seven Deadly Sins of Contract Data Capture
1. Unwitting ‘standardisation’ – the temptation to knock a few edges off a square peg and squeeze it into the round hole provided in the data capture platform, to avoid yet another agreement that’s ‘stuck’, waiting for an upgrade to the application. Of course it will be the provisions where transparency is key that will be swept under the carpet in this way.
Logical Construct announces pilot programme
Our pilot programme is now available – if you would like to see what the new world of contract data management looks like please contact us to request a demonstration and register interest in a pilot.