Data Management Insight Data Governance & Standards The latest content from across the platform
Three Big Banks Sign on to Operational Risk Data Sharing Platform
In mid-June, Acin – a data standards firm for operational risk and controls – announced that Credit Suisse, Standard Chartered Bank and Société Générale had joined its collaboration community, the Operational Risk Defence Network Model. Their arrival brings the total number of tier one banks working with Acin to 12. The name of the company,…
The Essence of Digital Transformation is Data and the Message – Don’t Give Up
Digital transformation is all the rage among financial institutions, but it comes with significant data management challenges and can hit the wall if it is not underpinned with a strong data foundation and the right skills. That said, an audience poll on the status of digital transformation projects run during an A-Team Group webinar this…
Recorded Webinar: Building the data foundations for your digital transformation journey
Digital transformation is a requirement to succeed in today’s information economy. As business leaders begin to acknowledge this necessity, they seek to navigate a successful path to digitisation, but they must start with a foundation of data understanding, maturity and trust – a crucial prerequisite for the digital transformation adventure. This webinar will consider the…
Timefolio Asset Management Selects SS&C’s Solutions to Power Operations
Timefolio Asset Management Singapore, a subsidiary of Korea’s Timefolio Asset Management, has selected a combination of SS&C Technologies services to power its operations. The company was looking for a trusted provider that could support investment operations as they grows. Working with SS&C Eze and SS&C GlobeOp also minimises the number of vendors the company works…
The Trials, Tribulations and Potential Benefits of FRTB Compliance
Fundamental Review of the Trading Book (FRTB) regulation is more prescriptive than former Basel 2.5 market risk requirements, calls for a consistent workflow across risk, finance and the front office, and needs firms to source previously unused and difficult to find data – challenges that many banks have yet to conquer ahead of the January…
Financial Machineries Makes Three Strategic Appointments
Financial Machineries, a provider of data lineage, sourcing, digital rights management and commercialisation of contributed market data, has appointed Keiren Harris, Frank Verstraeten and Daniel Muri to its team. They bring industry experience, regional insight, and networks of professional contacts from across APAC and continental Europe to the company, which is accelerating its ambition to…
FSB Suggests Reducing Cost of LEIs in Response to Review Finding LEI Coverage too Low
The Financial Stability Board’s (FSB) latest review of the Legal Entity Identifier, a Thematic Review on Implementation of the Legal Entity Identifier (LEI), offers an ‘I said so’ to the sceptics, but also recommendations that should benefit firms using the LEI and encourage further take-up that will drive data standards, quality and accuracy across the…
SS&C upgrades Advent solutions
SS&C Technologies has released version 19.1 of its Advent portfolio management solutions. The Advent products, acquired in 2015, include Advent Portfolio Exchange (APX), a portfolio accounting and reporting solution that includes a new API for portfolios and token-based authentication capabilities. APX regulatory reporting is also improved. Advent Genesis, a cloud-based rebalancing, portfolio construction and trade…
FRTB 2022 Deadline Proves Tricky for Firms and Regulators
Global regulatory implementation of the Basel Committee on Banking Supervision’s (BCBS) Fundamental Review of the Trading Book (FRTB) may be unevenly paced, creating challenges for financial institutions and regulators alike. FRTB was introduced to fix problems that both regulators and the industry perceived with so-called ‘Basel 2.5’ market risk changes, which were put in place…
How to Source and Manage Data for FRTB – The Challenges and Opportunities
Sourcing and managing data for Fundamental Review of the Trading Book (FRTB) compliance is no mean feat, but there are options and choices to be made as firms within the scope of the regulation build out compliance programmes ahead of its January 2022 deadline. A panel session at A-Team Group’s recent FRTB briefing in London…