Data Management Insight White Paper
Legal Entity Identifiers (LEIs) – There’s More to LEs Than Meets the I
Firms everywhere remain under sustained regulatory pressure to reduce systemic risk, in part through the improvement of their view of counterparty risk. At the same time, the ongoing economic climate is forcing them to reduce costs, leading them to consider alternative operating models wherever possible. The emergence of the global legal entity identifier (LEI) standard...
Getting Ahead in Fund Pricing
Faced with greater regulatory scrutiny, increasing workloads, more sophisticated client requirements and continued pressure on costs, fund administrators are heavily challenged to improve their operational efficiency across alternative and traditional funds to keep service quality levels high. With fund managers looking again to create new products, fund administrators are in a unique position to act...
Data Management – a Finance, Risk and Regulatory Perspective
With financial institutions acquiring international businesses – whether through mergers-and-acquisitions activity or organic growth – crossborder trading and investment has become the norm. But with it comes a new level of complexity, as firms grapple to deal with multiple regulatory regimes, market conventions and business definitions. On top of this, the changing regulatory landscape is...
Valuing High-Yield Corporate Credit in the New Regulatory Environment
The 2013 regulatory environment is putting increased pressure on valuations for speculative-grade corporate credit, namely high-yield bonds, leveraged loans and collateralized loan obligations (CLOs). Not only is the final price under greater scrutiny, financial firms will now be required to defend their methodologies on harder-to-price securities. With transparency having become the new regulatory buzzword, pricing...
Industrialising Investment Banking Technology
What does an industrialised bank look like? We are embarking on a journey already undertaken by many other industries as they matured. Using the automotive industry as an example, we see: Use of technology and lean processes to drive down costs Reduction in end-product complexity Increased regulation for a safer industry Extensive technology cross-licensing and...
Outsourcing Reference Data Management
The past 12 months has seen the emergence of new players offering Business Process Outsourcing (BPO) services for Reference Data Management. These new arrivals expand the range of options available to financial institutions for addressing the challenges of regulatory compliance, operational cost reduction and scalability. But BPO has other benefits, and innovative adopters have benefited...
Bloomberg Embraces the Legal Entity Identifier
The industry initiative to develop and promote a standard global legal entity identifier (LEI) is expected to significantly reduce the opacity associated with complex financial instruments, widely acknowledged to be a major contributing factor in the 2008 credit crisis. In this white paper, Bloomberg explains the implications of the emerging LEI for financial institutions, and...
Getting a Grip on Fragmented Risk Data – A Holistic Approach to Risk Information
This white paper is based on primary research by A-Team interviewing senior IT and Data Strategy managers at tier 1 and tier 2 banks. Risk management has been accepted as the new imperative for financial institutions of all types and sizes. But for Tier 1 and Tier 2 banks and brokerages, the complexity of their...
LEI Readiness – Instant Integration with Alacra Concordance
The idea of an LEI pre-dates the 2008 financial crisis by several decades. The ISO (International Organization for Standardization) had advocated an LEI (at one time called the IBEI – International Business Entity Identifier) for many years, but was unable to pinpoint an organization ready to build and maintain such a directory. For many securities...
Big Data Solutions in Capital Markets – A Reality Check
Big Data has emerged in recent months as a potential technology solution to the issue of dealing with vast amounts of data within the enterprise. As in other industries, financial services firms of all kinds are drowning in data, both in terms of the sheer volume of information they generate and / or have to...