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

Improving Data Quality to Support Valuations is a Key Focus for Invesco Perpetual, Says Shrubsole

Subscribe to our newsletter

Invesco Perpetual is currently focusing on ensuring data quality standards are being met in order to support the buy side firm’s fair value processes, regulatory compliance and the risk and performance function, explained head of data management Ian Shrubsole. “We want to be able to rationalise and consolidate our operations, but we also need to support all the different end users across the firm in terms of their different data requirements,” he explained to delegates to last week’s FIMA in London.

Shrubsole indicated his wariness of some vendors on the market that see the buy side’s desire for global governance and centralisation as a revenue making opportunity rather than properly meeting firms’ requirements. Vendors and data managers need to bear in mind the different requirements of end users when constructing a solution, for example the importance of the timeliness of data is not the same for each asset class or function (front office trading versus compliance), he said. However, he noted that: “a cross-functional view of data quality is very tricky to achieve.”

Setting in place key performance indicators around such basics as timeliness and accuracy of data could be the first step in tackling this challenge, agreed Shrubsole. The decision to go down the managed services route should also be considered very carefully, he added, as responsibility for data quality can’t be outsourced completely to a third party. “Service level agreements (SLAs) are valuable but they can only go so far,” he said.

This is one key reason why the competence and capabilities of data management staff is so important to the industry going forward. As noted by many speakers at FIMA, attracting and keeping these staff members is not as easy as the industry would like.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

As Finance Sector Workers Embrace AI, Study Warns ‘Be Careful What You Wish For’

The potential real-world impacts of hastily deployed artificial intelligence rollouts have been highlighted in new reports that underscore the need for better-quality data and greater literacy in the technology. Financial firms that don’t invest in creating greater workforce awareness of how AI tools can be used are at risk not only of failing to optimise...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...