About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Talking Reference Data with Andrew Delaney: Back to Work

Subscribe to our newsletter

We’re back from Labor Day, August Bank Holiday and the Olympics (although the Paralympics continues here in sunny East London). It’s surely time to roll up the sleeves and get back to work.

The forthcoming ‘Fall Season’, as I like to call it, looks like it will be a busy one.

Everyone is in budget mode. Of course, budgets aren’t as generous as they may once have been (that’s a euphemism, I think). But the regulatory environment seems to be ensuring that financial institutions will have to make some investment in data and infrastructure.

Earlier in the year, our special report on Solvency II highlighted the data management requirement posed by this regulation.

While there seems to be some of the usual faffing about on the implementation date, the message is now being heard that Solvency II will have a significant impact on the data and risk management approaches of financial institutions way beyond the insurance market that it directly targets.

Indeed, we’ve seen a host of packaged data management solutions coming to market in preparation. So we expect some significant budgetary action in this space. If you’re not up to speed, take a look at our special report.

You may be aware that we’re in the throes of putting together another special report, this one on the legal entity identifier (LEI). As with Solvency II, the Dodd Frank regulation will require practitioners to act, this time on the adoption of the emerging identification standard for legal entities.

The marketplace has already had a glimpse of how this may look, with the recent launch of the DTCC and Swift’s CICI Utility.

Current timeframes expect full LEI deliverable starting from next March. And the message from our research in compiling our forthcoming LEI report is simple: Start work now. Precisely what kind of work is open to question, and you’ll have to wait for the report – due out this month – for some suggested approaches.

There’s much work to be done. Will it require Olympian effort? Might be a good thing, given how dead the City has been this summer.

Welcome back.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

Canada and Hong Kong Regulatory Reporting Updates Signal Continued Global Shift

Canada and Hong Kong’s latest regulatory reporting rule changes mark a broader international trend toward regulatory convergence, placing increasing pressure on financial institutions. Leo Labeis, CEO of REGnosys, explains how Digital Regulatory Reporting offers a path forward for reporting firms. Canada’s new trade reporting reforms, introduced by the Canadian Securities Administrators (CSA), came into effect...

EVENT

TradingTech Summit New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...