A new Enterprise Data Management (EDM) Council has been established by over 20 representatives from corporate and investment banks, asset management companies, and competing industry vendors. The development has been led by GoldenSource, SunGard and IBM. The aim is to use the council as a forum to discuss the best practices for standardising and integrating reference and transaction data covering five categories: securities, customers, counterparties, transactions and positions, upon which compliance with regulatory requirements is heavily dependent. Dale Richards, president of enterprise data management at SunGard says that the agenda, and how any adoption of best practices might work have yet to be defined. But ideas such as creating a data management certification program have been discussed. The council is being differentiated from SunGard’s advisory board (RDR, Nov 2004), which is focused on managed or outsourced data services offerings, and RDUG or FISD’s efforts by its focus on actual vendor solutions. The first real meeting, following the confirmation of the agenda and members, is expected for October.
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Enterprise Data Management Council Established
Upcoming Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?
Date: 8 June 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG...
Earlier this month, Refinitiv signed a definitive agreement to acquire Giact System (GIACT), a US-based specialist in digital identity, payments verification and fraud prevention, in order to boost its existing risk and compliance capabilities. RegTech Insight spoke to the key participants in the deal to learn more. The acquisition of GIACT comes at a time...
This breakfast briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.