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

The Data Management Response to a Volatile Regulatory Landscape

Subscribe to our newsletter

The data management response to a regulatory landscape that is volatile and uncertain should be strategic, agile and future proof. It should also consider technology options including cloud, machine learning and blockchain.

The need for a strategic approach to regulation at a time when US President Trump intends to repeal some financial legislation and the UK starts the process of leaving the European Union, was discussed during a panel session at last week’s A-Team Group Data Management Summit in London. The panel was moderated by regulatory financial specialist Selwyn Blair-Ford and joined by James Phillips, global head of regulatory strategy at Lombard Risk; Peter O’Keefe, an independent data management expert; Brian Sentance, CEO at Xenomorph; and Alessandro Sanos, market development manager, risk and enterprise Europe, at Thomson Reuters.

The speakers agreed that the response to today’s regulatory landscape must be a strategic and agile approach that reengineers existing systems and data silos to deliver data management infrastructure that is responsive to change, and takes a holistic rather than one-off view of regulations. Phillips commented: “As regulators drive towards more granular reporting, the need will be for a unified data model that includes good quality data and is always on and ready for reporting.”

O’Keefe favoured standards as a response to the regulatory burden, saying: “We are becoming victims of prescriptive regulations, which means getting to common standards would make sense.” He also noted the considerable time it takes to purchase and implement regtech solutions, suggesting the creation of a common infrastructure and collective investment in systems would strip away the barriers to entry, particularly the long time to purchase, for regtech start-ups.

Turning to the question of which regulations will have the biggest impact on data management going forward, Sentance said the Fundamental Review of the Trading Book (FRTB), O’Keefe named General Data Protection Regulation (GDPR), and Phillips noted AnaCredit.

If you would like to find out how US firms are tackling regulatory challenges in uncertain times, join A-Team’s New York City Data Management Summit on 4th April, where a panel moderated by independent consultant David Blaszkowsky, and joined by Tim Lind, principal at RTech Advisors; Roger Fahy, vice president and chief operating officer at CUSIP Global Services; and Mike Smith, head of data strategy, governance and privacy at Citi USCCM, will discuss the data management response to regulation.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Approaches to ESG data for analytics

Volumes of ESG data are huge and continue to grow, questioning how financial institutions with a focus on ESG investing can continuously capture and contain required data sets, master and integrate the data, and ensure data quality for meaningful analytics. This webinar will consider approaches to ESG data and data management for analytics, the challenges...

BLOG

Data Management Summit New York will Discuss How Cloud Can Unleash the Value of Data

Cloud-based data management is winning converts with its ability to free financial institutions from often rigid and siloed architectures that can stunt innovation and erode the value of digital transformation. It also reduces dependency on on-premise and data warehouse-based architectures, giving firms the scale and power to make their data work harder and deliver greater...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech 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

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...