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

Softwire QnA: Turning Great Ideas into Data Solutions for Institutions

UK-based Softwire offers its financial institution clients expertise in leveraging data to achieve their operational objectives. Data Management Insight spoke to Sean Judge, Softwire Client Director FS&I to find out more about the company. Data Management Insight: Hello Sean. Can you tell us when and how was Softwire created and how does it serve financial institutions? Sean Judge: Softwire...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.