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: Best practice timestamping and clock synchronisation

Timestamping and clock synchronisation have been embedded in the EU by Markets in Financial Instruments Directive II (MiFID II) and are also a requirement of the US SEC Consolidated Audit Trail (CAT). The webinar will discuss how well firms have realised the MiFID II requirement, how it differs from the CAT requirement, and best practice...

BLOG

13 Leading AI-Based Data Management Capability Providers

Institutions are facing huge operational burdens as they ingest huge volumes of data, demand real-time analytics and face stringent regulatory scrutiny. Consequently, the new data landscape is rendering traditional data management systems inadequate for the growing number of use cases to which data is being deployed. This has necessitated a shift towards modern data management...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...