RegTech Insight Blogs The latest content from across the platform
RBS’ Davies Highlights the Need for Reliable Reference Data to Support the Risk Function
Following on from its implementation of EDM vendor SmartCo’s DataHub platform earlier this year to support the reference data requirements of its Global Banking and Markets division, Royal Bank of Scotland (RBS) is continuing to build up its data management capabilities with a view to better supporting its risk management function. Speaking at last week’s…
A-Team Group Continues Expansion with New Hire
London, Dec. 15, 2010 — A-Team Group, specialists in news, research and events for financial IT executives, is pleased to announce that Filsan Ali has joined A-Team Group as Business Development Manager, responsible for Reference Data Review and Risk Technology sales activities, including the A-Team Insight online news service, A-Team’s new Valuations Benchmarking Survey and…
UK FSA Highlights Asset Managers’ Counterparty Risk Shortcomings and Valuations Independence
As a follow up to its 2009 Financial Risk Outlook (FRO), the UK Financial Services Authority (FSA) has published a review of the derivative risk management practices in place across the investment management industry, which highlights the buy side’s valuations and risk management practices and related shortcomings. The study, which is based on data from…
European Council Proposals for Derivatives Repositories Include Potential Fines for Ref Data Failures
The data standardisation issues underlying the decision to push all standardised OTC derivatives to be centrally cleared and to establish new trade repositories have been well exposed during regulatory discussions over the course of this year. In light of this, the European Council’s recent regulatory proposals on the subject include direct reference to potential fines…
The IMF Stress Testing Paper and Tangible Proof
A lot of rhetoric has been bandied about of late with regards to the paramount importance of data quality to the risk management function. While these discussions are important in raising data quality’s profile and keeping the issue on the agenda, they don’t provide tangible information on the impact that poor data quality actually has…
Fortune SGAM Adopts Omgeo Alert and Omgeo CTM Via Hundsun
Omgeo, the global standard for post-trade efficiency, today announced that Fortune SGAM, one of China’s leading investment management firms, is the first company to go live on the Omgeo-Hundsun interface for cross border post-trade processing. The Omgeo-Hundsun interface was established in June 2010 after the two companies entered into a global alliance agreement the previous…
Words of Wisdom
Last week’s JWG event on what should be on data managers’ radars for next year in terms of regulatory change highlighted the significant correlation between a firm’s overall data quality and its risk management function (a subject I have been focused upon for some time). Although the discussion was under Chatham House rules (and hence comments…
CrossBorder Capital Selects SunGard’s FastVal for UCITS Compliance
CrossBorder Capital, a London-based independent investment advisory firm, has implemented SunGard’s FastVal, an independent valuation service for vanilla and complex over-the-counter (OTC) derivatives. CrossBorder Capital expanded into alternative investments in 1999 and the FastVal solution, a cost-effective service provided on an ASP basis, is helping the firm comply with UCITS directives covering the independent valuation…
Prioritise Your Projects in Light of the Regulations Coming Down the Pipe, Says Nomura International’s Bannocks
Firms need to get a good handle on the regulations coming down the pipe and how they will impact the data management function, as well as prioritising them in order of timeframes, said Chris Bannocks, managing director and global head of reference data, Operations, Nomura International. Speaking at this week’s JWG organised event on next…
JWG’s Di Giammarino Highlights the Potential Cost of the OFR for Individual Systemically Important Firms
The Office of Financial Research represents a “game of chicken” between the regulatory community and the industry, said PJ Di Giammarino, CEO of think tank JWG, at this week’s event on the regulatory data radar in 2011. “If you don’t provide feedback and get your act together by 15 July deadline, it could get pretty…