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

New Regulations Will Impact Data Management; But Industry Not Talking To Each Other Enough to Fix the Problems

Subscribe to our newsletter

There are going to be a slew of upcoming regulations post credit-crunch and industry collaboration will be essential to address data management processes needed to comply, according to a panel of industry practitioners at FIMA. But progress to date has been slow, and industry bodies and participants are not talking to each other enough to progress the issues.

As audience member Mike Bennett highlighted, “Regulators are only set up to deal with management of assets, but not in the governance of IT assets.” He suggested that if regulators could broaden their reach and force firms to tackle issues that were in their longer term interest, which are difficult to prove a business case for short term, it would give the industry the impetus it needs to fix certain issues.

One of the key issues needing fixing, according to the panel, is symbology. According to Paul Booth of Citi Investment Research, “We spend enormous amounts in this area, with huge duplication of efforts. We have not got it right. But it’s essential to address critical lapses in regulatory compliance.” Again, part of the problem is the focus on tactical issues being fixed, but no-one then taking the time to step back and fix the originating problem.

It was also suggested that you don’t need an external provider to assign numbers, but internally you can build your own identifier with the securities’ intrinsic attributes.

But given the backdrop of market turbulence and likelihood of new regulations coming down the pipe, there was disappointingly little discussion of regulations beyond MiFID or the implications beyond symbology.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Address Emerging Operational Risk and Alleviating Data Blind Spots with AI Powered Risk Management

The digitalisation of financial services is in full flight, as financial institutions strive to offer the same levels of service and improved customer experience that consumer markets have enjoyed for some time. This digitalisation – providing seamless access to appropriate services on demand – requires great emphasis on client data. This changing digital landscape, and...

BLOG

APAC Data Management Leaders Revealed in Inaugural A-Team Insight Awards Introduction

A-Team Group is pleased to announce the winners of the inaugural Capital Markets Technology APAC Awards 2025. These awards celebrate the technology providers and financial institutions at the forefront of innovation across the Asia Pacific region. Coinciding with the announcement, we have also launched our comprehensive annual report, “The State of Capital Markets Technology in...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

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...