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

Four Weeks and Counting…

Subscribe to our newsletter

Four weeks and counting until the juggernaut that is Sibos rolls into Amsterdam and already I’m struggling to fit all the meetings into the week and make sure I can attend the sessions relevant to my particular data focused corner of the market. As I noted back in May when the conference programme was first released, reference data is getting its time to shine and issues such as corporate actions risk, data standardisation and the spectre of a reference data utility are all on the agenda.

Top of my agenda at the moment is obviously making sure my panel on the afternoon of the first day is suitably pitched at the average Sibos delegate. Granted, those in the data management world are more au fait with the concept of a utility in the reference data space but, as proven by some of the questions I was asked by Sibos last year, many are stumped by what the term “reference data” actually covers, let alone how a utility could provide the stuff.

So, even though we only have an hour in which to debate the rather complex issue of getting a reference data utility off the ground, we’re going to have to start with the basics first. Luckily, I have a number of very well informed panellists with whom to debate the practicalities of a utility, once we’ve got the explanations out of the way.

Meredith Gibson, director and legal counsel at Citi, for one, has reservations about the way in which the regulatory community should approach the issue of standardisation and a utility in this space. I look forward to hearing her debate with key utility proponent Francis Gross, head of external statistics of the European Central Bank (ECB), the practicalities and potential pitfalls of establishing a utility in the US (as prescribed by the Dodd-Frank Act) and in Europe (should a similar mandate be established here).

The questions I shall be posing include: how can market participants hope to influence the process of developing the Office of Financial Research, if at all? If it is to be limited to covering systemically important financial institutions, how will this impact the entity and instrument databases therein? What are the dangers of such an approach? What kind of practical and legal considerations should be taken into account? Is mandating change the only approach that is likely to be successful? What other options are out there in the market? What impact will the US utility have on the rest of the world, given that the US could potentially end up setting the global reference data standardisation agenda?

You can check out the full speaker list and the timings and location of the panel on the Sibos website here.

Don’t worry if you can’t attend the event itself, I’ll be sure to provide a post-match analysis for those back in the office.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data standards and global identifiers update

Data standards and global identifiers are the international language of capital markets – but how widely have they been adopted, how useful are they in practice, and can they stand the test of sustaining stable markets? This webinar will review data standards and global identifiers available in capital markets, discuss their adoption, and consider best...

BLOG

SIX Financial Information Sets Out Expansion Plans

SIX Financial Information will focus on expanding its sanctions, regulatory compliance, Environment, Social and Governance (ESG), exchange traded funds (ETFs), and digital assets capabilities over the coming year, the whole based on the company’s foundation of reference, pricing, corporate actions and index data. To find out more about the company’s plans, Data Management Insight caught...

EVENT

ESG Regulation, Reporting & Data Management Summit (Redirected)

This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Corporate Actions USA 2010

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...