Wolters Kluwer Proposes Solutions for the Challenges of Risk Data
Risk data needs to be identified, aggregated and centralised to deliver improved risk management. But the process entails significant challenges as risk data is growing exponentially, operational risk data related to people, processes and systems must be managed, and financial risk data remains inconsistent across institutions. That’s the message from Ioannis Akkizidis, global product manager...
Talking Reference Data with Andrew Delaney: A Close Shave
Anyone who was lucky enough to squeeze into the opening keynote presentation at our Data Management Summit in March (standing room only) would have heard me winging it a little as I awaited our speaker – Wipro’s Paolo Mittiga – who’d been delayed by various transportational snafus. When I took the stage to offer our...
MacKay Shields Implements Markit EDM to Support Data Management
MacKay Shields, a US-based investment firm owned by New York Life Investment Management and with over $70 billion in assets under management, has selected Markit EDM’s data management solution to manage the collection and distribution of data across its investment management systems. Markit won the deal in a competitive selection process and is working with...
S&P Capital IQ Supports Credit Risk Assessment with Additional Platform Tools
S&P Capital IQ will go live with a suite of credit risk assessment tools on its online research, data and news platform on Monday, April 29. The credit risk tools are designed to help assess rated and unrated public and private companies and support activities including peer analytics, portfolio reviews and counterparty credit assessments. They...
Quantifi Stresses Data Management Requirement for Basel III Credit Risk
Quantifi has built out its counterparty credit risk platform to meet the capital requirements of Basel III. But the company warns that data aggregation and management coupled to a centralised approach to the regulation are essential to full compliance and managing the cost of capital. Basel III regulation was finalised in June 2011 and will...
Financial Stability Board Suggests Centralised Trade Data Aggregation System for OTC Derivatives Market
The Financial Stability Board (FSB) is addressing issues of data aggregation for regulatory purposes in the OTC derivatives market with the suggestion of ‘a centralised or other mechanism to produce and share global aggregated data as a complement to the direct access by the different authorities to data held by trade repositories’. The FSB notes...
Fenergo Tackles the Compliance Issues of Client Onboarding
Fenergo, a provider of customer lifecycle management software, lambasts the state of financial institutions’ client onboarding in a recently published white paper, but also proposes solutions to the inherent onboarding problems of data management and evolving regulation. The white paper – entitled ‘Client Onboarding: Solving the Challenges, Maximising the Opportunities’, researched with New York-based banking...
Talking Reference Data with Andrew Delaney: Doing the DMS Rounds
Such was the success of our Data Management Summit last month that I have had my arm severely twisted and – under duress – have agreed to host another event in the autumn. We’ll be holding DMS – same time, same place – on October 3, so if you missed us last time around you’ll...
Aktia Retail Bank Selects SunGard Ambit Solution for Capital Management
Finnish retail bank Aktia is extending its use of SunGard’s Ambit risk and performance management solutions with the addition of Ambit Capital Management. The capital management application will replace a legacy vendor system, automate previously manual processes and deliver greater transparency and visibility of capital across the bank’s predominantly retail lending business. Aktia already uses...
Mediobanca Implements Xenomorph’s TimeScape as a Data Management Solution for Risk
Italian investment bank Mediobanca has selected Xenomorph’s TimeScape to support its risk management processes with automated data validation and improved data quality. As well as delivering the improved data to its back and middle offices, the bank plans delivery to the front office where the data will be used to test new ideas for trading...