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Asset Control Sees Broadening of Data Management Requirement in Japan
Asset Control’s decision to open an office in Tokyo – announced today – stems from a heightened level of interest both from the Japanese financial centre’s major banking institutions and the key service agents that provide trading-related capabilities to much of the domestic market. The data management platform provider has announced plans to bolster its…
FSB’s New LEI Deadline Puts Market Under Pressure Amid Continued Uncertainty
The Financial Stability Board’s (FSB) decision to set a deadline of March 2013 for the introduction of a global legal entity identifier (LEI) system may be tight, but industry experts say it can be achieved by using existing infrastructure and following the board’s federated approach to a global solution. The deadline was set by the…
Swift Struggles to Stay in the Game as FSB Favours Federated Approach to LEI
The Financial Stability Board (FSB) has veered away from existing plans for the infrastructure that will support legal entity identifiers (LEIs), proposing a federated model for the distribution and registration of LEI numbers rather than a single and central global registration authority. This could be a significant blow to Swift, which was selected last year…
Andrew’s Blog – Risk Architectures R Us
For those of you who missed last month’s seminar in London on approaches to risk data, fret no more: We will be continuing the debate next Thursday in a webinar with our friends from Lloyds Bank, Sybase and Fidessa; sign up here, it’s free, and it’ll also give you a flavour of what we have…
US Data Transparency Coalition Focuses on Federal Data in Capital Markets
The US Data Transparency Coalition (DTC) introduced last week to advocate for the standardisation of federal data published online, warns that without significant changes in electronic data creation and management capital markets remain open to a crisis on the scale of the 2008 collapse of Lehman Brothers. If that is a worst case scenario of…
Andrew’s Blog – It’s All About Risk (Data)
This week sees the release of an industry briefing we prepared for Sybase entitled ‘Managing Risk Data in the Siloed Enterprise’. I’ll be presenting the key findings at an event in London on Tuesday, where I’ll be joined by a group of risk managers and data architects – as well as Sybase’s Stuart Grant, IDC…
Thomson Reuters Puts Onus on Management to Improve Performance
Thomson Reuters is pinning hopes for growth in its Financial & Risk business on the management team formed early this year under the auspices of president David Craig, and a change in attitude to Eikon – no longer a strategy, instead one of many products. The late 2011 shake-up and reorganisation of Thomson Reuters that…
Demand for Data Management Driven by Risk and Regulation
Cadis, the global EDM specialist, has secured 19 new global clients in 2011. These firms benefit from cleansed, validated and centralised data to feed into their risk, trading and compliance platforms. New notable clients include Prudential, ING, Loomis Sayles, Robeco, SCOR Global Investments and Indexium. “2012 will be the year of data overload for financial…
FSB Establishes Expert Group to Make LEI Implementation Proposals
Apparently addressing growing industry concerns about the prospect of delays in adoption of the long-awaited legal entity identifier (LEI), the Financial Stability Board (FSB) has set up an expert group to make what it describes as “concrete proposals” on the implementation of a global LEI system. At its meeting in Basel this week, the FSB…
DataFlux Targets Firms’ Semantics with New Data Management Platform
DataFlux’s release of version 2.2 of its DataFlux Data Management Platform introduces its so-called Business Data Network, a framework that allows data managers to set semantic terms across business areas. By adopting a common set of terms for securities, counterparties and activities, BDN can help institutions take a significant step toward a robust approach to…