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 Next Game Changers for Data Governance

Subscribe to our newsletter

By Dennis Slattery, CEO at EDMworks

Three seemingly unconnected pieces of legislation will fundamentally change the data management landscape over the next three years. They all have different causes, but their combined effect will be to enforce accountability for data, reinforce governance, underpin data architecture and mandate data quality management:

The General Data Protection Regulation (GDPR) changes the rules and accountabilities for security around personal data and transforms penalties for data breaches from “cost of doing business” to “bankrupting the business”

The Network and Information Security Directive (NISD) focuses on identification, registration and accountability for critical networks or systems. The scope covers financial, telecoms, utilities and other types of business. It is the European Union’s response to cyber terrorism.

On 7th March 2016, the Senior Manager and Certification Regime (SMCR) was implemented as a self-regulating framework for senior management accountabilities across the finance sector.  This provides the legislative structure for the PRA/FCA to demand individual accountability for and oversight of critical business functions. The NISD and GDPR will use this framework to ensure personal accountability for data assets across the organisation.

EDMworks Practitioner Network on 2nd June 2016

The EDMworks Data Practitioner Network (DPN) event on June 2nd addresses these issues and provides a collection of industry experts to explain the combined legislation, the potential impacts and discuss how organisations plan to address these challenges.

As with all DPN sessions, the purpose is to explore multiple perspectives on the subject to provide you with greater breadth and depth in order to help you develop your own specific strategies.

If you would like to find out more or register for the event please click the following link:

lms.edmworks.com/mod/page/view.php?id=757

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Datactics Survey to Gauge Data Chiefs’ Pressure to Adopt AI Amid New Risks

The headlong rush to adopt artificial intelligence poses multiple risks to financial institutions that don’t take the necessary preparatory steps before implementation. One potential source is the increasing AI-savviness of company employees. As they become accustomed to using the technology on consumer devices and websites, there is a greater risk they’ll inadvertently leak or compromise...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Pricing and Valuations

This special report accompanies a webinar we held a webinar on the popular topic of Pricing and Valuations, discussing issues such as transparency of pricing and how to ensure data quality. You can register here to get immediate access to the Special Report.