Data Management Insight Data Delivery Platforms, Cloud & Managed Services The latest content from across the platform
Data Management: The CDO evolution
By: Paul Gibson, business consultant, and Nam Tran, data management specialist, Sapient Global Markets At a recent event, HSBC Group chief data officer (CDO) Peter Serenita set an interesting tone with opening remarks discussing how far the industry’s data management capabilities have come and how much further they have to go. The benchmark for this…
Why Agile Data Management is Crucial to Business Transformation
Business transformation has become a must-do for many asset managers in a market characterised by competition, regulation and digital communication, but how can asset managers achieve this, what results are they looking for, and what are the long-term benefits of business transformation based on strong data management and governance foundations? These questions and more were…
Data Management Implications of the Fundamental Review of the Trading Book
Data management for the Fundamental Review of the Trading Book (FRTB) poses problems around identification of risk factors, non-modellable risk factors, internal modelling and regulatory reporting, but solutions can be found by starting early, focussing on data requirements and working with third-party data providers. The data management challenges and opportunities of FRTB were discussed during…
DTCC Expects More Comparison Capability From Rebuilt Warehouse
As DTCC prepares to move its Trade Information Warehouse (TIW) for credit derivatives swap management to a distributed ledger technology (DLT) platform, the post-trade clearing and settlement services organization expects the change to enable more comparisons of transaction information, according to Jennifer Peve, executive director, office of fintech strategy at DTCC. “Comparability is certainly helpful….
Tom Dalglish Switches Role to Head HSBC’s Innovation Labs
Tom Dalglish has switched from the role of senior data and integration manger – IT transformation at HSBC to become the bank’s head of technical services – applied innovation. In his new role, Dalglish is responsible for industrialising the bank’s global Innovation Labs and researching and developing emerging technologies such as blockchain, cyber security, financial…
MiFID II Transparency Demands Significant Modifications to Data Management
The data transparency obligations of Markets in Financial Instruments Direct II (MiFID II) are a drastic change from MiFID requirements and call on market participants to make significant modifications to data management, sourcing, publication and distribution. Faced with this level of change, only a handful of firms are completely prepared to meet the transparency requirement….
FIX Trading Community Offers MiFID II Compliance Help
FIX Trading Community, the non-profit industry standards organisation that promotes adoption of the Financial Information eXchange (FIX) protocol, has announced updates to the FIX protocol addressing MiFID II and MiFIR requirements. The organisation will also advise its members to review and adopt the updates as soon as possible so development work can begin, according to…
Datactics RegMetrics User Monitors 10 Million Records to Ensure Data Quality
Datactics has implemented its RegMetrics data quality reporting solution at a Tier 1 global bank. The bank is using the software to monitor over 10 million underlying records, which requires hundreds of millions of data points to be processed. The bank is also building predictive analytics on top of the RegMetrics framework to monitor data…
Driving Business Value Out of the Legal Entity Identifier
The Legal Entity Identifier (LEI) is useful as a unique, unambiguous and persistent entity identifier, but when integrated with other datasets such as securities it can deliver both operational and business benefits. Issues around driving business value from the LEI were discussed during a recent A-Team Group webinar that was moderated by A-Team editor Sarah…
Recorded Webinar: Driving business value from the LEI
The Legal Entity Identifier (LEI) has become a viable standard to help financial institutions identify business entities that are party to financial transactions and fulfil regulatory obligations for entity data. Linked to third-party, corporate hierarchy and beneficial ownership data, the potential of the LEI extends to meet not only regulatory requirements, but also the need…