CounterpartyLink has made a three-year agreement to provide legal entity data to Northern Rock plc in Newcastle upon Tyne.
CounterpartyLink will also supply Northern Rock with additional data from its new Version 1.4, which includes an enhanced data set added specifically to support clients with their obligations under the Third EU Money Laundering Directive and MiFID, both of which are due to become law in Europe in November.
“As regulatory requirements become more onerous and Northern Rock treasury’s counterparty base continues to expand, both geographically and by business type, CounterpartyLink will play a key role in helping to provide legal entity data,” said David Morrison, assistant director of treasury control and compliance at Northern Rock.