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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 to Tackle the Challenges of GDPR
Financial institutions around the world are bracing themselves for the onset of the EU’s General Data Protection Regulation (GDPR), which introduces eye-watering financial penalties for firms failing to meet stringent new rules on managing the personal data of EU residents. GDPR – which comes into effect in May 2018 – will have a major impact…
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…
Are Your Data Management Ops Future Proofed for Regulations?
Short term approaches to each new regulation that comes along are relatively easy to fund. But for true success, a long-term approach should be considered now that will help future proof your organisation against further regulatory change. A-Team Group surveyed 15 Tier 1 buy- and sell-side institutions about their views on a utility – rather than…
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…