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: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

Redefining Digital Regulatory Reporting with CDM & DRR

Regulatory reporting is evolving from static data submissions to dynamic, process-driven compliance. At the core of this shift are the Common Domain Model (CDM) and Digital Regulatory Reporting (DRR), which together define a shared, machine-executable framework for how financial transactions are represented and reported. By standardising both data and process, they enable a consistent interpretation...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....