Reuters Launches Single Source For Counterparty and Compliance Data
Reuters has launched DataScope for Counterparty and Compliance, to provide financial institutions with access to the counterparty and trading entity data they need for the verification of trading partners. Increased regulation means financial institutions must be able to identify the origins of each transaction and trading counterparty, and recognise issues such as their total exposure to other institutions. Delivered via the existing Reuters DataScope Select platform, the new product is designed to offer faster customer sign-up, transparent internal reporting, and an ability to calculate investment exposures. It also provides data that users can audit at the source, including sanctions and enforcement list information and the ability for users to make requests for additional coverage.