Data Management Insight White Paper
A Utility Approach for Operational Process Improvement
Data management is a high-cost, no-margin activity for financial institutions across the board. Business requirements and regulatory pressure demand more depth of processing and breadth of reporting than ever before. At the same time, high quality data sourcing, validation and enrichment are essential to achieving operational optimization. Yet most firms are reluctant to increase investment...
Getting to Grips with the Challenge of Beneficial Ownership
Understanding beneficial ownership of an entity – a corporation or a fund – has emerged as a key element of many financial institutions’ compliance activities. A raft of relatively new regulations – ranging from the US Dodd-Frank Act through to Russian sanctions – require firms to understand who owns the entities they do business with,...
Solvency II How Insurers, Asset Managers and Asset Servicers are Meeting the Data Challenge
The EU’s Solvency II regulation is due to come into effect in January 2016. Aimed at ensuring the insurance industry fully understands the risks associated with its investments, the regulation places great emphasis on access to highly granular valuations and risk information. For most insurers, this is the first time they have been required to...
BCBS 239: An Urgent Call to Overhaul Risk Data Management
BCBS 239 is a wide ranging regulation including 14 principles spanning risk data aggregation and reporting, IT infrastructure, and data governance. Implementation can provide significant business benefits, including an enterprise-wide view of risk, but the task is not without difficulties as banks face data management challenges such as data silos, legacy systems and poor data...
Solving the Operational Risk Management Puzzle
Operational risk management has emerged as a major challenge as a slew of regulations affecting financial institutions across the board – from universal banks to insurance companies and their asset servicers – aims to boost transparency in order to mitigate systemic risk. The emerging regulations are emphasizing data governance and requiring firms to ‘show their...
A Rigorous Approach to Regulatory Reporting
The current battery of regulations is putting the onus on financial firms to review their data collection, integration and management systems that underlie their regulatory report processes today. For many firms – whether they are asset owners, fund managers, investment banks or custodians – the new emphasis on transparency is exposing gaps in their ability...
Hitting the Reset Button On Investment Analytics
Investment managers are rethinking their approach to managing portfolio data and analytics in order to stay competitive. The operational and technological limitations of their legacy systems and platforms are making it difficult for many to differentiate their offerings and deploy new operational models. Moreover, the continued stress on cost reduction means they are under persistent...
Do You Know How Regulation Is Impacting Structured Notes?
Deconstructing Structured Notes Valuation, Risk Management & Compliance Best Practices Sweeping new global financial regulations are changing the way financial firms perform valuations. Regulations call for robust and transparent asset and liability assessments, and for detailed insight into the real value and risk exposures in portfolios. In this report, Jayme Fagas, global head of valuations...
What’s Missing from your Client Onboarding Process?
There’s now a spotlight shining on the process of client onboarding due to regulations that are driving change in what is typically a fragmented and decentralised approach. While many firms recognise that getting their onboarding house in order is essential to achieving regulatory compliance and avoiding hefty penalties, addressing those functions in isolation is not...
Practical Considerations for Shifting to a Shared-Services Model for Reference Data Management
After years of discussion and little action, are we now seeing a shift in attitudes and a gain in traction for the idea of a shared services model for reference data management? A-Team Group surveyed a dozen market practitioners at financial institutions to understand the benefits and concerns and realities of shared services for data...