RegTech Insight Blogs The latest content from across the platform
Back Office Exec Registration on the Cards for Broker-Dealers, But What Impact Will it Have on Data Management?
The Financial Industry Regulatory Authority (Finra) has this month announced that it will be pushing ahead with its proposals to introduce registration requirements for back office operations execs within broker-dealer firms. But what will be the financial and practical impact on these back office functions, including data management and potentially outsourced operations roles, in the…
ESMA Praises Joined up Approach to Valuations and Risk Management in IAS 39 Hedge Accounting Changes
The European Securities and Markets Authority (ESMA) has sent a letter to the head of the International Accounting Standards Board (IASB) regarding its views and concerns about incoming hedge accounting changes that are included in the recent exposure draft on IAS 39. ESMA indicates in the letter that the proposals will allow for a more…
Opinion: Identifying Portfolio Exposures with Cross Reference Data
By Jackson Griffith, Director of Enterprise Solutions, S&P Valuation and Risk Strategies, McGraw-Hill Financial When a negative market event occurs, risk managers need to quickly determine their exposure to it and the impact it may have on their portfolio. Exposure can come in many forms and may not be obvious at first glance. For example,…
Knock on Effect
The close link between data quality and better risk management has come under the spotlight in recent years as a result of the financial crisis and the ensuing regulatory crackdown on financial markets. Regulators such as the UK Financial Services Authority (FSA) and the US Securities and Exchange Commission (SEC) have even been making noises…
Cadis on Course to Sign Seven New Clients This Quarter, Says Simpson
Business has picked up for the EDM vendor community at large over the last six or so months (just look at GoldenSource’s recently reported figures for example) and Simpson indicates that from November onwards Cadis has also witnessed a significant uptick in business. In fact, the vendor is on course to sign up seven new…
CFTC Commissioner O’Malia to Host SEF Showcase: Current Technology and Market Direction
Commissioner Scott D O’Malia of the Commodity Futures Trading Commission (CFTC) will host an open public meeting at 9:30 am on Thursday, 31 March 2011, to explore the attributes necessary to make swap execution facilities (SEFs) successful. Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, amended the Commodity Exchange…
DST Global Solutions’ Gallacher Discusses Blueprinting Approach to Data with Anova Platform, New Client Win
DST Global Solutions launched its middle office data management and analytics platform Anova towards the end of last year and has since been working on the migration of its client base onto the new platform and has bagged its first client, according to Des Gallacher, global head of data management and analytics solutions for the…
OMG and Enterprise Data Management Council to Collaboratively Develop a Sustainable Framework and Data Standards for Financial Reform
OMG and the Enterprise Data Management Council (EDM Council), a not for profit business forum created by the financial industry to address the issues and challenges associated with managing data content as a business and operational priority, have agreed to address high impact business challenges such as regulatory pressures emerging from financial reform with the…
BVI’s Koop Talks up the Potential of FundsXML Standard in Europe, ISO Compatibility, Data Dictionary
Since its initial release in 2001, the FundsXML open standard has gained traction in a number of markets including Germany, Austria, the Netherlands and France for the electronic exchange of funds data. However, Thomas Koop, associate in research and market analysis for German investment fund and asset management industry association BVI, reckons it has the…
Federated Approach to Data Management is Impractical, Say UBS’ Lux and Bachra
It is hard to develop good data governance practices with a federated approach to data management, according to Hans Lux, head of data architecture, and Jagtar Bachra, lead data analyst, both from UBS Global Asset Management. Speaking at this week’s TSAM in London, Lux and Bachra argued that a more traditional, centralised EDM approach would…