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Sapient Global Markets Enables Investors To Meet European Central Bank Loan-Level Data Reporting Responsibilities

Stocks in this article: SAPE

Sapient Global Markets, part of Sapient (NASDAQ: SAPE), has today announced a new combination of services aimed specifically at helping companies meet requirements for communicating loan-level performance data to the European DataWarehouse under the European Central Bank’s (ECB) ABS loan-level initiative. Under the new initiative, loan-level performance data will eventually be required for any assets being used as collateral under the ECB Repurchase Agreements (Repo) System. The initiative starts with Residential Mortgage Backed Securities (RMBS), with other asset classes to follow.

“This is a significant shift from existing requirements”, said Randall Orbon, vice president, Sapient Global Markets. “The challenge for most data providers will be locating, identifying and extracting large volumes of complex data from disparate systems. Not to mention that they will also need to standardize the data to fit the ECB’s asset-specific templates, validate the data content, and create and submit compiled XML files to the European DataWarehouse. Today’s announcement is a huge step forward for companies looking to ensure compliance, as it will allow data providers and users to plan, prepare, build and deliver loan-level data within the ECB’s short timeframe.”

The new Sapient Global Markets offering includes a combination of services such as complex data mapping and enrichment, the conversion of data between formats required by different regulators such as the ECB and Bank of England (BoE), and the streamlining of two-way communication between regulators and data users through custom built connectivity channels. All services are provided by a team of experts fluent in the business and technology requirements of the structured finance markets. The services also include:

  • Data mapping
  • Data validation
  • Data enrichment
  • Data back loading
  • API construction

As one of the principal constructors of the European DataWarehouse, the European central data repository owned and operated by the market for the market and endorsed by the Eurosystem, Sapient Global Markets is in a unique position to help companies complete complex data extraction, transformation, standardization and reporting of loan-level characteristics and performance of securitized bonds.

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