Data Management Insight Blogs The latest content from across the platform
Make Data Management Tangible for Executives in Order to Secure Funding, advises Oppenheimer’s Giordano
If you’re going to take a federated approach to data management in order to solve issues, such as regulatory compliance, Peter Giordano of Oppenheimer & Co. advised delegates at FIMA 2008 that you make your business case tangible by including such things as “neat analytics” or dashboards for the front office, in order to help…
Will SLA’s be Re-Evaluated After Tumultuous Times Highlight Response Issues?
Service level agreements were a key topic in this morning’s roundtable discussions at FIMA 2008, with one data manager at a Tier 1 financial institution suggesting that many SLA’s are now likely to be revisited in order to achieve better responses from their data suppliers after the current market conditions highlighted the need for faster…
New Regulations Will Impact Data Management; But Industry Not Talking To Each Other Enough to Fix the Problems
There are going to be a slew of upcoming regulations post credit-crunch and industry collaboration will be essential to address data management processes needed to comply, according to a panel of industry practitioners at FIMA. But progress to date has been slow, and industry bodies and participants are not talking to each other enough to…
Despite Lack of Standards, Legal Entity Data Will Become Centre of Data Operations
Although standards for legal entity data are likely to evolve over time and become more rigorous, there does not exist today a standard directory of identifiers for legal entities across global jurisdictions, said James Redfern, head of sales and marketing at CounterpartyLink. But with an average of 27% of company records held at financial institutions…
JPMorgan’s Serenita Debates the Issue of Truth in the Data Management World
The success of a data management project should not be measured on achieving an idealistic version of the “truth”, it should be focused on data integration and downstream impacts, said Peter Serenita, chief data officer at JPMorgan Securities Services. “Although the integrity and accuracy of the data is important, institutions must focus on distributing and…
The Front Office is Not Your Enemy, it’s Your Client, Says WestLB’s Eldridge
In order to receive management buy-in, data management teams need to treat the front office as a client rather than as an enemy, said Michael Eldridge, head of European operations control at WestLB. “We need to dispel the myth that centralised data management is a luxury, build a better business case for investment by measuring…
Alvarez Moves from Asset Control to Interactive Data Reference Data Role
Interactive Data has brought on board Marc Alvarez to oversee reference data infrastructure for its Pricing and Reference Data business. Alvarez joins after a stint at Asset Control, which he joined when that company bought Tap Solutions in April 2007. In his new role as senior director Alvarez will be responsible for the utilization and…
Optimism Abounds at FIMA Data Integration Stream
In spite of – or, indeed, maybe because of – the grim news emanating from the financial pages in recent weeks, enterprise data management practitioners have much to be optimistic about. That was at least the impression given by presenters in the Data Integration stream of the FIMA Financial Data Management Conference Wednesday afternoon. Stream…
Calyon’s Moutot Elaborates on Centralised Counterparty Database Challenge
Calyon has been engaged in a lengthy project to connect its “patchwork of IT systems” for counterparty data and has, thus far, managed to eliminate 30,000 duplicates, said Serge Moutot, the firm’s head of global referentials management. He explained to FIMA delegates that the decision to centralise and integrate counterparty data across the firm was…
Central Utility for Reference Data is Desirable but Not a Realistic Goal by Next Year, Say RDR Readers
According to the results of our latest reader poll, the majority of you believe that a central utility for reference data is a desirable addition to the market. Over half of respondents, at 52%, indicated a central utility is needed, but said that it is not a realistic goal for next year. This should be…