The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Reference Data Management to Witness “Winds of Change” Over Next 12 Months, Says Deutsche’s Sean Taylor

Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference last week. Taylor, who was chairing the event, indicated that increased regulatory scrutiny over the next 12 months will increase data management’s importance to firms even further.

“Data needs to be of a standard that doesn’t allow deep holes to be dug,” explained Taylor. “There will be winds of change throughout the financial markets over the next 12 months as the regulators begin turning over stones to find out what happened, why and how.”

He predicted that the US will see a regulatory crackdown on financial data by the end of the first quarter of 2009 and there will be a real requirement for golden copy as a result. “It will no longer be acceptable to have silos where the right hand does not know what the left is doing,” he added. “But data management will still have to fight to keep its share of the IT budget.”

Taylor warned that there will be “fighting at the money pit” for data management project funding this year and suggested that delegates learn from each others’ experiences to help them in their quest.

Related content

WEBINAR

Upcoming Webinar: Brexit: Reviewing the regulatory landscape and the data management response

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The...

BLOG

Reformis Adds Matrix IDM and NeoXam to Vendor Partner Programme

Reformis, a buy-side business transformation consultancy, continues to build out its vendor partnership programme with the addition of Matrix IDM’s cloud native data management software, and NeoXam’s Impress reporting solution. These join the company’s list of existing partners and products including IHS Markit’s EDM software, Snowflake’s cloud data platform, and Compliance Solution Strategies’ Accudelta product....

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...