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New York Data Management Summit: Getting Ready for Basel Committee Regulation BCBS 239
The Basel Committee on Banking Supervision regulation BCBS 239 is a game changer, requiring banks to review and sometimes renew their data management processes in order to strengthen risk data aggregation capabilities and push risk reporting towards near real time. The challenges of BCBS 239 were the subject of a discussion session at A-Team Group’s…
New York Data Management Summit: Data Governance for Improved Data Quality
Regulatory requirements and internal needs for improved data quality are pushing data governance up the agenda at many financial institutions. In response, data governance policies are being implemented and firms are considering tools and techniques that could support and sustain better data quality. Approaches to data governance were discussed at A-Team Group’s recent New York…
EDM Council Plans January Release of Version 1.0 of its Data Management Capability Model
The Enterprise Data Management (EDM) Council will release version 1.0 of its Data Management Capability Model (DCAM) on January 15, 2015. The model defines the scope of capabilities needed to establish, enable and sustain a mature data management discipline, including strategy, organisational structure, technology architecture and operational best practices. The council’s DCAM model builds on…
Regulatory DataCorp Builds Up Risk and Compliance Business in Europe
Regulatory DataCorp (RDC), a provider of governance, risk and compliance solutions, has built up its European business to include over 50 global banking institutions, insurance firms, corporates and financial technology providers since it established a London office in May 2014. Set up in 2002 in the US by 20 leading financial institutions, RDC provides industries…
A-Team Webinar Details the Data Management Implications of Solvency II
Solvency II presents major data management challenges for insurance firms, asset managers, their custodians and fund administrators, but compliance can provide opportunities to optimise portfolios, reduce capital holdings and build data architectures that can satisfy not only Solvency II, but also other incoming regulations. The data management implications of Solvency II were discussed recently during…
AIM Software Survey Outlines Pain Points and Planned Investments in Reference Data Management
A shortfall in budgets and an excess of regulations are financial institutions’ biggest reference data management challenges and they are not likely to ease with any speed as firms tackle ongoing needs to increase efficiency, reduce costs, meet regulatory requirements and improve data governance and risk management. AIM Software’s ninth global reference data management survey,…
New York Data Management Summit: Proving the Potential of Utility Solutions for Reference Data Management
Reference data utilities can improve data accuracy, completeness and timeliness, reduce financial firms’ data management costs, and support regulatory compliance – but to be successful they need to mutualise rather than outsource processes and offer flexible data consumption. Presenting a keynote entitled ‘Mutualising Data Governance and Regulatory Compliance Through the Use of a Utilty’ at…
London Data Management Summit: The Challenges and Opportunities of Solvency II Compliance
Solvency II has been some time in the making, but as deadlines loom for interim requirements in 2015 and full implementation in January 2016, the data management challenges of the regulation must be tackled not only by firms in the insurance industry, which Solvency II seeks to regulate, but also by third-party administrators and asset…
London Data Management Summit: Getting to Grips with Entity Data
Entity data management has moved up the agenda over the past year, driven by regulatory requirements, the establishment of the Legal Entity Identifier (LEI) and, in some cases, a desire to centralise and provide enterprise-wide access to entity data. A-Team Group’s London Data Management Summit discussed the progress of entity data management, as well as…
Numerix Adds Automated Model Validation Software and Services
Numerix has added automated model validation testing to its CrossAsset analytics platform, allowing users to automate previously manual processes, receive regular reports on the suitability of models in specific market conditions, and meet regulations that scrutinise the use of models and their governance. The company’s solution for enterprise model risk management is called Numerix Model…