About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Calyon’s Moutot Elaborates on Centralised Counterparty Database Challenge

Subscribe to our newsletter

Calyon has been engaged in a lengthy project to connect its “patchwork of IT systems” for counterparty data and has, thus far, managed to eliminate 30,000 duplicates, said Serge Moutot, the firm’s head of global referentials management. He explained to FIMA delegates that the decision to centralise and integrate counterparty data across the firm was taken following the merger of Credit Lyonnais and Credit Agricole.

“We had 65,000 records at the start and now we have 85,000 counterpart records in the new centralised system,” he told delegates. “There is now full synchronisation across the organisation with the central database and we have moved at a rate of one migration per month.”

The project has not yet been completed but the main regional hubs have been tackled, including Paris, London and New York, said Moutot. The types of data are harmonised across the central and the local systems, although certain complex elements are still managed at the level of the country. Due to the common data vocabulary, it has become easier to deal with discrepancies and processing costs have been reduced, he said.

Nearly all counterparts are now listed in the central database: “At the beginning, 30% of counterparts had a unique identifier and now 80% are covered.”

Moutot’s team was created in July and the focus for the data management project for the next year will be on migrating the Hong Kong office to the centralised golden copy data, ongoing administration and creating a “middle office” space for discussion between the back office and the front.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Addressing conduct risk: approaches to surveillance

Conduct risk in financial services is a critical area that requires vigilant monitoring and robust surveillance mechanisms. Regulatory bodies, (FCA, FINRA and others) have tightened their scrutiny and financial institutions must adopt advanced approaches to effectively manage and mitigate conduct risk. This webinar will examine the latest methodologies and technologies used to address conduct risk,...

BLOG

ace Seeks to Disrupt the Very Idea of ‘Digital’ for Financial Institutions

For more than a decade, financial institutions have been told to go digital. Data strategies have been written, platforms migrated to the cloud, and front-end experiences wrapped in slick apps. But for Niamh Kingsley, founder of ace, that conversation is already out of date. Her new firm, launched in November as a specialist post-digital advisory...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...