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Cinnober Proposes a Quality Standard for Financial Systems and Software
Cinnober Financial Technology has initiated a campaign aimed at setting up an industry organisation that will drive a quality standard across financial systems and software. The campaign is based on a draft quality standard proposed by Cinnober, the Financial IT Quality Assessment (FIQA), which is designed to provide transparency around the quality and cost of…
Recorded Webinar: The Data Management Implications of BCBS 239
We plan to put the spotlight on this much overlooked but important regulation which has wide-ranging implications for risk data aggregation and reporting, data governance and data architecture. During this webinar we discuss: What is needed from a data management point of view to comply with BCBS 239 A view of progress across the industry…
Julius Baer Extends its Use of AxiomSL’s Regulatory Reporting Platform
Swiss private banking group Julius Baer has extended its use of AxiomSL’s regulatory reporting platform to automate its group level and Swiss entity Basel III calculations and reporting, as well as its group level and Swiss entity statistical reporting. The banking group is already using the AxiomSL platform for financial reporting in Hong Kong and…
What’s Missing from your Client Onboarding Process?
There’s now a spotlight shining on the process of client onboarding due to regulations that are driving change in what is typically a fragmented and decentralised approach. While many firms recognise that getting their onboarding house in order is essential to achieving regulatory compliance and avoiding hefty penalties, addressing those functions in isolation is not…
Data Management Summit: Guidelines for Effective Data Governance
Data governance is increasingly important in a data management environment driven by regulatory requirements and cost constraints, but to be effective it needs to be underpinned by cultural change across an organisation, supported by active data governance committees and able to ensure ongoing ownership of core datasets. The need for effective data governance to address…
Data Management Summit: Arguing the Case for Shared Services
The A-Team Group Data Management Summit held in London this week opened with a review of the company’s Regulatory Data Index and a keynote presentation by Nick Murphy, director of consulting at IGATE, on the potential of shared services or utilities for reference data management. Regulatory Data Index The A-Team Regulatory Data Index sponsored by…
Uncover the Biggest Compliance Challenges for International Businesses
When an international business has to satisfy compliance across the globe, it must pay careful attention to both the rules and the cultures in which it is operating. The financial crisis has increased regulatory scrutiny globally, with each country developing their own set of intense and sophisticated strategies and protocols for monitoring and policing economic…
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,…
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…
A-Team Webinar Debates the Data Management Challenges of Pricing and Valuations
Portfolio pricing and instrument valuations are under the spotlight as an increasing number of regulations require pricing and valuations data, the need for data quality and accuracy tops the agenda, and transparency of pricing methodologies becomes central to price challenges. These issues and more were discussed this week during an A-Team Group webinar moderated by…