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A-Team Data Management Summit: The Value of Data
As the volume of data held by financial institutions continues to rise at an alarming rate, many firms are considering how best to manage the data with regard to what it is needed for and how it can be used to add value to the business. A panel session at next week’s A-Team Data Management…
A-Team Webinar Discusses Outstanding Challenges in the Countdown to Solvency II Compliance
The January 1, 2016 compliance deadline for Solvency II is just months away, but not all insurers and asset managers are sure they will make the date and some data management problems are expected to remain unresolved as the regulation takes effect. The countdown to compliance was discussed during a recent A-Team Group webinar entitled…
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…
Tata Consultancy Services Details a Strategic Approach to BCBS 239 Compliance
As the January 2016 deadline for compliance with BCBS 239 approaches, banks are making substantial data management changes in order to meet the regulation’s requirement for on-demand enterprise-wide risk data aggregation and reporting. The task is not easy and includes data management challenges posed by data silos, legacy systems and poor data governance practices, but…
Talking Data Management with Andrew Delaney: Back and Bigger Than Ever
Excitement is mounting here at A-Team towers as we put the finishing touches to the agenda for our Data Management Summit conference in London on October 1. And of course, right behind it is our planned summit in New York on November 3, of which more later in a future edition of this missive. We…
Talking Intelligent Trading with Sarah Underwood: The Scapegoat of the Libor Scandal
The conviction of former UBS and Citigroup trader Tom Hayes on eight counts of conspiring to rig the Libor benchmark and the handing down of a 14-year jail sentence hit the headlines big time. The judge said Hayes was the centre of the conspiracy, the Serious Fraud Office acting as prosecutor said he was motivated…
Opinion: ECB AnaCredit Project Will Subject Reference Data to a New Level of Scrutiny
By David Attenborough, Business Development Manager EMEA, AxiomSL The European Central Bank (ECB) is increasing its focus on credit risk. As part of the Analytical Credit Dataset (AnaCredit) project, it plans to create a centralised register of granular data about the credit granted by financial institutions in Europe to the non-financial sector. The regulator is…
Joining up your regulatory response: BCBS 239 attestation and the new Senior Manager Regime (SMR)
By Dennis Slattery, CEO, EDMworks The Financial Conduct Authority (FCA) is pushing forward with a strategy requiring senior managers to sign written statements or “attestations” in which they personally confirm their firm’s compliance with particular regulatory requirements. But it’s not just the FCA as global regulators are pursuing similar agendas. BCBS 239 being a case…
A-Team Webinar Discusses the Challenges and Opportunities of Risk Data Management
Risk data management has become a focus for many financial institutions, not only as a means to comply with incoming regulations, but also as the basis of business benefits ranging from reacting quickly to deteriorating situations to optimising capital requirements and cutting operational costs. A recent A-Team Group webinar discussed the growing importance of risk…