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.
A-Team Insight Blogs
The regulatory reporting obligations of financial institutions have mushroomed in scale over the past decade, leaving firms facing a raft of different requirements to provide increasingly granular metrics on their transaction, valuation and collateral data to a number of regulatory authorities. While many of these reports draw from the same core data set, the nuanced differences...
AI-driven data analytics platform Feedstock has completed Red Hat Container certification for its FeedStock Connector and has been published in the Red Hat Ecosystem Catalog. The certification enables FeedStock to use Red Hat’s container registry and deploy Red Hat certified containers in FeedStock’s client environments, enabling frictionless deployment at scale of its automated data management solutions....
The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.
As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...