A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
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Calendar: FIMA 2011, 8 – 10 November 2011, (London) FREE - A-Team Wire
Virginie’s Blog – Regulatory Change and LEI Discussions Dominate at DMRAV (Not to Mention the G20 Meeting)
As I previously predicted, the spectre of incoming regulation and the standards developments around a new legal entity identifier (LEI) were popular topics for discussion at yesterday’s Data Management for Risk, Analytics and Valuations (DMRAV) conference in London. Panellists and delegates alike discussed the changing dynamics within the data management universe that have meant much more investment and attention has been directed towards the function from both regulators and the industry as a whole. The LEI discussions in particular were also likely prompted by last weekend’s G20 pledge of support for the new identification initiative.
Andrew’s Blog – Big Blue Data
IBM’s announcement this week of plans to acquire Platform Computing vindicates our decision to include some Big Data discussion topics in our Data Management for Risk, Analytics & Valuations conference in London on October 17 – that’s next week.
Special Report: Evaluated Pricing
Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate about data quality across the financial services business, in light of incoming regulations such as Basel III and the Alternative Investment Fund Managers Directive (AIFMD). Whether it is related to risk management, pricing, trading or reporting, firms need to be able to stand behind their numbers.
VIDEO: Omgeo’s Freeman on the Changing Dynamics of the SSI Space
A-Team Insight managing editor Virginie O’Shea speaks to Omgeo’s executive director of industry relations Tony Freeman about the vendor’s recent research into the settlement and account instruction (SSI) space, which highlights the high number of trade fails caused by problems with SSI data. Freeman also elaborates on the changing dynamics in the SSI space caused by increased competition (see commentary on which here) and regulatory developments.
Virginie’s Blog – A Step up for the FSB?
Given the discussions I had with a number of people at Sibos a couple of weeks ago (see more on which here), the data management industry practitioners engaged in working on establishing a new legal entity identification (LEI) standard have high hopes that the Financial Stability Board (FSB) will be able to bridge the gap between national regulators in setting global standards. The community should therefore welcome the news that the G20 is proposing to upgrade the FSB’s status so that it would have a much more active role in monitoring systemic risk and providing recommendations (with some teeth) across the markets. PS Valuations teams should also take note of the recommendations.
Virginie’s Blog – A Few Risk and Data Infrastructure Related Highlights from Sibos
Apart from the announcement about the delay to Target2-Securities and (a bit) more clarity about Swift’s legal entity identification (LEI) project plans (see more on both here), this year Sibos yielded little in the way of hard post-trade focused news from the session floor. However, a fair bit of discussion was dedicated to the topic of the development of post-trade infrastructure in the post-crisis environment, some of which highlighted the dire need for global coordination in this space.
A-Team Insight Monthly Issue 21 - September 2011
Top Stories in the September Issue of A-Team Insight
SPECIAL FEATURE:
Sibos in Toronto: LEI, T2S, Standards, Standards, Standards…
Carlyle Sustains Geneos Roadmap After Taking Majority Stake in ITRS
MDX Aims to Prove Potential of Multi-Source Market Data Connectivity Platform
Andrew’s Blog – The Reawakening of Thomson Reuters
The past few weeks’ organisational regrouping in the wake of the departure of Thomson Reuters Markets CEO Devin Wenig over the summer has been supercharged by this week’s news of a complete restructuring of Thomson Reuters by CEO Tom Glocer.
Virginie’s Blog – A Roundup from Toronto: LEI, T2S, Standards, Standards, Standards…
Unsurprisingly given the host’s recent market positioning, the dominant theme at last week’s Swift user conference Sibos in Toronto was standards, in many different flavours. The one at the top of the list in terms of reference data, however, had to be the legal entity identifier (LEI) and there was certainly no shortage of discussions on the subject (see the list from my preview here). A total of three sessions were dedicated to the topic and the exhibition hall was abuzz with the potential that the LEI holds for the vendor community in terms of revenue generation.
Virginie’s Blog – National Interests
Swift’s annual user conference behemoth Sibos kicked off this morning with a debate about the future of securities market infrastructures that painted a particularly sobering picture. Obviously, with the spectre of a potential breakup of the Eurozone loitering in the background, discussion turned to what the impact of such an event would be on the region’s market infrastructures. The answer, it appears, is a breakdown of communications cross border and a renewed focus on the market protectionism that already exists within the global landscape.
VIDEO: BT’s Pickles on a Cloud Technology Approach to Dealing with Post-Trade Infrastructure Change
A-Team Insight managing editor Virginie O’Shea speaks to BT Global Banking & Financial Markets’ head of industry initiatives Chris Pickles about the changing dynamics in market infrastructure that have happened over the last few years and how they have affected the post-trade messaging space. Pickles explains the benefits of a cloud approach to this space such as the rationalisation of internal and external messaging and the generation of economies of scale.
Virginie’s Blog – Are Valuations Vendors Making the Grade?
Back in July, I touched upon some of the findings of our valuations benchmarking efforts in the North American markets, noting that many buy side firms in these markets want vendor performance to improve to meet their current and future needs (see the blog piece here). Well, the full report is finally available to download (see here) and it seems that certain vendors are perceived to be doing a much better job than others at the moment, even if there is room for improvement across the board.
Virginie’s Blog – Things Keeping the Industry Awake at Night (About the LEI)
Standards are tricky beasts, they may be developed for one purpose and misused, and they are also often appropriated for purposes for which they were not initially intended. So choosing the right standard for something as important as legal entity identification (LEI) is obviously not a decision to be taken lightly and it is one that is keeping many in the industry up at night, ahead of the final decision by the Office of Financial Research (OFR) on the right standard to use at the start of next year (see more on which from the OFR’s Richard Berner here).
Virginie’s Blog – Index Data Under the Microscope
It seems that all aspects of the data underlying decision making within the financial services community are under the microscope at the moment and last week’s FISD issue brief highlighted that index and benchmark data is no exception. Panellists including representatives from the whole range of participants in the index and benchmark community noted that clients are requesting the ability to be able to drill down into and cross reference this data on a regular basis.
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Monthly A-Team Insight A-Team's flagship news and analysis publication, with the best of A-Team's coverage of the Electronic Trading, Low-Latency Connectivity, Market Data, Reference Data and Risk Management Technology segments. With in-depth features and interviews with key newsmakers, A-Team Insight gives busy financial IT executives all they need to know to stay on top of our fast-moving industry. |
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