Swift has published a consultation paper outlining proposals for a standardised communication protocol for European clearing and settlement. This is in response to the Giovannini Group report to improve efficiency of EU cross border clearing and settlement. Specifically Swift is aiming to define a solution for Barrier 1 of the 15 identified barriers to efficient EU cross-border clearing and settlement, which would address national differences in information technology and interfaces used for transmitting data to clearing and settlements providers. The consultation period is running until April 15, 2005 and Swift has indicated that a final protocol definition and implementation road map will be published next year.
A-Team Insight Blogs
Beyond regulatory compliance, what are the opportunities for leveraging standards to improve operational efficiencies? Financial institutions are starting to realise there are clear benefits in taking a strategic approach to data standardisation as they move to more data driven approaches which require good quality, accurate data for analytics and AI programmes. This webinar will review...
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a new digital finance strategy for the European Union (EU), in which it reiterates the crucial importance of a data-driven financial services sector. Benefits of digitalisation, according to ESMA, would include increased speed,...
Now in its 10th year, the Data Management Summit (DMS) in London 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.
The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...