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 latest content from across the platform

CFTC’s Lukken Calls for Three New Regulatory Agencies to Replace SEC and CFTC

Originally appeared in MiFID Monitor Following the debate about regulatory scrutiny of the credit derivatives space that has been ongoing over the last few months, Walter Lukken, acting chairman of the Commodity Futures Trading Commission (CFTC), has now indicated that he wants his own regulatory body and the Securities and Exchange Commission (SEC) to be…

We Can’t Solve the Problems with the Same Thinking That Created Them; Radical Solution is Required to Solve Data Problems, says Avox’s Price

Radical thinking on industry business models is needed in such disastrous times, proselytised Avox’s Ken Price at FIMA this morning. He suggests turning the traditional ‘user in the middle sources multiple vendors’ model on its head so that the users, who after all generate most of the data themselves, become the centre of the model…

ECB Has Potential to Deliver Issuer Prospectus Data Direct to Market, Suggests ECB’s Gross

Rather than going through a complex chain of interpretation by data vendors and internal processes, prospectus data should be made available in an electronic format directly to the market, suggested Francis Gross, head of the external statistics division at the European Central Bank (ECB). “This would require drastic changes to the current prospectus process and…

Data Rationale Needed as Exotic Instruments Mature, JPM’s Serentia Tells FIMA 2008

Not all data should be centralised and there has to be a rationale for the data that you do centralise, said Peter Serenita, chief data officer of JPMorgan Worldwide Securities Services in a FIMA panel about ‘Ensuring a successful group-wide data management model’. “Exotic instruments are not commoditisable, but you need to have a data…

Case Study: Leveraging Data for Operational Risk Monitoring

Given the rise of high profile incidents related to rogue trading, a major US bank has worked with business and technology consultant Detica to pull together its data to monitor operational risk across a number of controls in order to provide an effective tool to combating these incidents. Through the process, however, other business benefits…

ECB’s CSDB Could be Used as IBEI Repository, Says Finsoft’s Christensen

The European Central Bank’s Centralised Securities Database (CSDB) could be used as the industry’s recognised source of business entity identifiers in the future, contended Soeren Kier Christensen, managing director of Finsoft Financial Systems. “Each institution needs a unique identifier and the CSDB currently tracks these for each European institution. By using these already standardised codes,…

Keeping a Team Onshore to Monitor Data Quality is Key, Agrees Offshoring and Outsourcing Panel

Institutions should keep a small team of data experts on board in order to adequately monitor that service level agreements are being met by outsourcing providers and data requirements are being catered to by offshore teams, agreed FIMA 2008’s panel on offshoring and outsourcing. Susan Outzen, business relationship manager in the enterprise data management (EDM)…

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…

An Incremental and Practical Approach to Data Integration is Best, Agrees Golden Copy Repository Panel

In order to ensure that downstream departments remain in synch with central data management projects, firms must adopt an incremental and practical approach to data integration, agreed FIMA’s panel on the practicalities of managing a golden copy repository. Peter Giordano, executive director of institutional equities at Oppenheimer & Co, recommended that firms roll out the…