Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
RBS is in Process of Re-architecting Data Infrastructure and is Focusing on Golden Sources, Says Bishop
Following its merger with ABN Amro, the Royal Bank of Scotland (RBS) has finally dragged all of its data processes together under one structure, according to Bob Bishop, the bank’s head of client data management. Now the “lift and drop” has been completed, the focus of the data management team is now on re-architecting the…
AIB’s McMorrow Explains Benefits of Teradata Warehouse Implementation and Ongoing Challenges
Allied Irish Bank’s (AIB) enterprise data warehouse project manager Michael McMorrow is a great proponent of Teradata’s functionally neutral and self-managing approach to data storage. The bank rolled out the vendor’s Teradata Warehouse solution a few years ago and is now focused on keeping up with the data management changes required as a result of…
Fed’s Tarullo Pushes For Mandatory Reference Data Reporting and Standardisation
This week, US Federal Reserve governor Daniel Tarullo brought the issue of data standardisation to the attention of the US Senate during his testimony before the Subcommittee on Security and International Trade and Finance, following up on his comments last year about the data challenge related to living wills reforms. He is proposing to establish…
European Regulators Ready to Engage With Data Management Community, Says CESR Tech’s Voipio
As Fed governor Daniel Tarullo’s speech drives forward the data agenda in the US, across the pond, Arja Voipio, senior advisor at the Financial Supervisory Authority in Finland (FIN-FSA) and chair of CESR-Tech, the information technology governance structure of the Committee of European Securities Regulators (CESR), told delegates to Marcus Evans’ reference data conference that…
ECB’s Utility Has a Place But Not Before Standardisation, Says BarCap’s Nagle
The old adage of not putting the cart before the horse was pertinent this week, during discussions at the Marcus Evans reference data conference on the European Central Bank’s (ECB) proposed reference data utility. The concept has been a topic of significant debate for some time now and panellists including Llew Nagle, who is in charge…
BarCap Adds ABN Amro’s Thomas to Entity Data Role and Nagle as New Head of Data Quality
Barclays Capital has promoted ex-project manager for global reference data Llew Nagle to the brand new position of head of data quality for the bank and added ex-ABN Amro entity data specialist David Thomas as a vice president in charge of client data. In their new roles, Nagle is responsible for the management of data…
RBC’s Sutton and JWG’s Di Giammarino Promote Customer Data Best Practices
This week, JWG has published its finalised industry guidance on the maintenance of wholesale customer data, which was compiled by the industry think tank’s Customer Data Management Group (CDMG). Julia Sutton, who last year joined the Royal Bank of Canada (RBC) as a director of global reference data, explains to Reference Data Review that the industry…
Data Vendor Selection is Key to Bringing Down Costs But Also Improving Quality, Says SGSS’s Rose
In the current cost conscious environment, financial institutions need to push back on their vendors and make sure they have conducted a thorough evaluation of the data they are receiving from them, says Olivier Rose, head of projects and international market data management at French bank Société Générale Securities Services (SGSS). Rose, who has been…
RBC has Calendars, Entity Data, Client Onboarding and Issue to Issuer Data Linkages on Agenda, Says Sutton
Following her appointment as Royal Bank of Canada’s (RBC) new global head of reference data at the end of last year, Julia Sutton has been busy with plans to automate key areas of the bank’s customer data management. Sutton explains that she has been afforded a valuable window of opportunity within RBC to drive forward…
DTCC Warehouse Finally Recognised by Fed as Data Repository for OTC Instruments
It may have taken a solid year of campaigning but the Depository Trust & Clearing Corporation (DTCC) has finally been granted approval by the Fed to set up a subsidiary to operate its Trade Information Warehouse as a data repository for OTC credit derivatives. The new subsidiary, which has been dubbed the Warehouse Trust Company,…