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

A-Team Insight Blogs

Data Management Industry Weathers the Political Storm

Subscribe to our newsletter

Capital markets in the US and Europe are fraught with uncertainty following the election of President Trump in the US and the start of the Brexit process in the UK, but what material effects will these changes have on data management and will they present more opportunities than threats?

The regulatory landscape in uncertain times and the data management response for 2017 were discussed during a panel session at A-Team Group’s Data Management Summit in New York City earlier this month. The panel was moderated by David Blaszkowsky, managing consultant at RGP, and joined by Tim Lind, principal, RTech Advisors; Roger Fahy, vice president and chief operating officer, CUSIP Global Services; and Hudson Hollister, founder and executive director, Data Coalition.

Blaszkowsky’s first question asked whether Trump, Brexit and wars galore meant capital markets are entering a period of higher volatility. Lind said he expects no change in market volatility as the Trump administration cannot make wholescale change to regulation in the short term. Fahy commented: “We are at a stage of maturity with regulation in data management, the industry is not prepared to undo what has been done. The principles that drove regulation still exist today.” Hollister said the Trump election won’t change anything in the data management industry, but noted the ongoing need for regulators to exercise leadership in implementing open data standards that could make compliance easier.

Commenting on the opportunities and threats of regulation, Lind said: “Markets in Financial Instruments Directive II (MiFID II) requires information on asset classes we have never seen before. This means trade reporting will give a better view of the health of the market.” On a less positive note, he pointed to fundamental regulatory changes that threaten markets by causing a lack of liquidity, as well as the unintended consequences of regulation.

Hollister saw no regulatory threats, but only opportunities in the increasing adoption of non-proprietary data standards and the US Financial Transparency Act. The act was put before congress in March 2017 and directs the Office of Financial Research of the Department of the Treasury and eight US financial regulatory agencies to adopt data standards for all corporate financial information collected or received by them. Hollister commented: “The act will take many years to implement, but it will reform and standardise data communication, and let data flow for the first time.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: A practical guide to dual UK and EU regulatory reporting as the Temporary Permission Regime comes to a close

Date: 19 July 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The Temporary Permission Regime (TPR) allowing capital markets participants in the European Economic Area (EEA) to continue to operate in the UK post Brexit will be withdrawn by the end of 2023, calling on firms that want to stay...

BLOG

Russia Sanctions Pose Challenges for Regulated Entities

By Martin Cheek, Managing Director, SmartSearch. As fears of renewed Russian offensives put Vladimir Putin’s invasion of Ukraine back on the news agenda, the sanctions against Putin and Russia which followed the war have never gone away. Before the invasion, Russia was already subject to about 2,700 sanctions. Within two weeks of the attack, that...

EVENT

TradingTech Insight Briefing New York

TradingTech Insight Briefing New York will explore how trading firms are innovating and leveraging technology as a differentiator in today’s cloud and digital based environment.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...