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Latest technology news in wealth management from around the world.
dow jones
Dow Jones introduces Risk & Compliance Financial Products, a pre-trade and post-trade investment screening solution. This development comes as the task of identifying authorized and linked instruments becomes more difficult.
This service combines Dow Jones data with security mapping provided by BIGTXN. Companies can screen their investment universe against more than 50 jurisdictions and entities owned or controlled by sanctioned parties.
Coverage includes sanctions data from 52 jurisdictions around the world, including major sanctioning bodies. Entities owned or controlled by covered persons authorized by the US Office of Foreign Assets Control (OFAC), the EU Commission and the UK Treasury. More than 104 million financial instruments are examined across five financial instrument identifiers, covering securities across all asset classes, including equity, debt, exchange-traded funds (ETFs), and derivatives.
“As the world grapples with economic uncertainty and rising geopolitical tensions, sanctions and investment reviews are in the spotlight like never before, and the costs of noncompliance are rising.” Dow Jones Risk said Joel Lang, Executive Vice President and General Manager of && Company. The researcher said:
(This publication recently interviewed Mr. Lange about Dow Jones' efforts in the compliance field.)