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

Talking Reference Data with Andrew Delaney: The Birth of a New Standard

Subscribe to our newsletter

The UK National Childbirth Trust – the NCT – is a venerable organisation that helps first time parents prepare for the arrival of their little bundle of joy. For mothers, it helps reduce the obvious stress of anticipation of the big day and creates a network of like-minded mums who swap tips and tales of their travails post-event.

For fathers the NCT provides a sometimes bewildering array of technical terms – caps, collars and floors that have nothing to do with derivatives – and largely offers the ‘tools’ to help the dads help the mums come D-Day. After all, the mums are the ones who do all the work.

What the NCT isn’t so hot on though – to my mind at least – is what to do with the little blighter once you get him or her home. Yes, you learn how to change a nappy/diaper. But besides that, you’re pretty much on your own, or at the mercy of Gina Ford.

And so it goes with the LEI. In the rush to get the new standard of the ground – and the progress has been remarkable – what happens next has perhaps not received the attention it deserves. We are now all familiar with the registration process, the rules of the game and the costs of participation. What we’re less clear on, though, is how data quality will be ensured going forward, how we can be sure the LEI we are consuming is fully up to date, and what to do if it isn’t (or we suspect it isn’t).

Which is why we will be kicking off our A-Team 2013 Hot Topics programme with a special report and accounting webinar on the practicalities of adopting the LEI. The special report will be published before the end of the month, and will feature contributions from forward thinkers on how practitioners can act to ensure data quality once the LEI utility – the GLEIS – is fully operational.

The webinar will take place on February 27 and follows on from our highly successful webcast last October, which record numbers of you attended. We hope you can join us thus time.

Like last time, we’ll be joined by Bloomberg’s Peter Warms and Thomson Reuters’ Tim Lind, both of whom have invested a lot of time in understanding the impact of the emerging standard on financial institutions both on terms of its opportunities and its challenges. Chief among the latter is how practitioners should approach the LEI as it transitions from registration phase to maintenance phase, particularly since there is no compulsion for registering entities to keep their data up to date.

We will also be joined Feb 27th by European Central Bank’s Francis Gross and CEO of AVOX Mark Davies.

It promises to be a useful session and – we hope – a must-attend for all those preparing for the big day – next month’s launch of the LEI in earnest. If you’re reading this you’ll get a formal invite closer to the time. If you want to get it in your diary now, get in touch and we’ll pre-register you.

Now, don’t you feel calmer about the whole thing?

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business

Date: 18 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers...

BLOG

Rimes Wins Award for Best Buy-Side Managed Services Platform in A-Team Group’s Data Management Insight Awards Europe 2023

Rimes has won the award for Best Buy-Side Managed Services Platform in A-Team Group’s Data Management Insight Awards Europe 2023. These annual awards recognise leading providers of data management solutions, services and consultancy to capital markets participants across Europe. Rimes’ buy-side managed services platform was selected as an award winner by A-Team Group’s European data...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...