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Practical Data Strategies for meeting ESG Obligations in Financial Services

The ESG investing landscape is poised to become more defined, as competing definitions, standards and regulatory initiatives start to converge. The impact of ESG will be felt far and wide across the financial services community, which will face practical challenges in developing and implementing an ESG strategy that is both effective and avoids box-ticking –…

Contractual Rights Management: It’s Time to Take Control of Data Usage

Contractual rights management has become a hot topic in financial information and market data circles following a number of public instances involving high-profile financial institutions breaching licensing agreements with data vendors – and paying the price with both significant financial penalties and damaged reputations. A potential solution for contractual rights management is the emerging Open…

Data Governance and Quality Control for Emerging Regulatory Imperatives

Impending regulations, following recent price manipulation investigations, will require trading firms to have new data governance and quality controls in place. A new benchmarking study by CJC, in association with A-Team Group, conducted amongst professionals within major Tier 1 and Tier 2 sell side institutions, explores the data governance demands posed by new and emerging…

How Agile Data Management Can Power Business Transformation

Asset managers challenged by increasing regulatory costs and decreasing fees are embarking on business transformation programmes designed to provide more innovative ways to service clients and, in turn, help managers regain competitive edge in a difficult economic environment. Transformation programmes can range from an expansion of asset classes covered, to the introduction of new products…

Applying Open Data Principles to Financial Data Governance

To ensure sound data governance, an enterprise needs a centralised framework for understanding all data, typically an online data catalogue that lists data sources and the metadata that describes data characteristics and provenance. With a data catalogue in place, data quality and data management can then be addressed. Getting started on data governance can be…

Solvency II How Insurers, Asset Managers and Asset Servicers are Meeting the Data Challenge

The EU’s Solvency II regulation is due to come into effect in January 2016. Aimed at ensuring the insurance industry fully understands the risks associated with its investments, the regulation places great emphasis on access to highly granular valuations and risk information. For most insurers, this is the first time they have been required to…

BCBS 239: An Urgent Call to Overhaul Risk Data Management

BCBS 239 is a wide ranging regulation including 14 principles spanning risk data aggregation and reporting, IT infrastructure, and data governance. Implementation can provide significant business benefits, including an enterprise-wide view of risk, but the task is not without difficulties as banks face data management challenges such as data silos, legacy systems and poor data…

Solving the Operational Risk Management Puzzle

Operational risk management has emerged as a major challenge as a slew of regulations affecting financial institutions across the board – from universal banks to insurance companies and their asset servicers – aims to boost transparency in order to mitigate systemic risk. The emerging regulations are emphasizing data governance and requiring firms to ‘show their…

The Role of Technology in Data Management

Data managers are tackling the issues of managing and distributing accurate and timely data across their organisations with the assistance of highly automated technology solutions. While technology plays a leading role in data management, there are other issues to consider, including product selection, procurement, project management and ongoing business development. MJC Data Management Solutions suggests…

A Model for Data Governance – Does Your Organization Really Have One?

The current focus on new regulations, and their impact on risk management practices, has turned the attention of financial institutions to data. It is increasingly evident that accurate and consistent data is key both to compliance with incoming regulations and to reaping the benefits of a robust risk management strategy. Business managers have come to…