In order to reach the goal of consistency across new best of breed software and legacy systems, firms need to make sure users understand and use common message standards, said Sally Hinds, global head of enterprise data management (EDM) at HSBC. Her fellow panellists agreed that a shared format for all business applications and normalisation [...]

In order to ensure that downstream departments remain in synch with central data management projects, firms must adopt an incremental and practical approach to data integration, agreed FIMA’s panel on the practicalities of managing a golden copy repository. Peter Giordano, executive director of institutional equities at Oppenheimer & Co, recommended that firms roll out the [...]

With the explosive growth in corporate events – primarily due to the current restructuring of debt or refinancing – those financial institutions that have invested in technology and integrated data sets will be the best placed to cope with the increase in volumes, according to David Kane, senior vice president of securities and operations at [...]

Christian Arsenault, head of IT and data management at NatCan Investment Management, espoused the use of a single point of entry in his firm’s data-centric approach to data management, tied to a centralised management committee, during his presentation in FIMA’s Data Integration stream Wednesday afternoon.

Calyon has been engaged in a lengthy project to connect its “patchwork of IT systems” for counterparty data and has, thus far, managed to eliminate 30,000 duplicates, said Serge Moutot, the firm’s head of global referentials management. He explained to FIMA delegates that the decision to centralise and integrate counterparty data across the firm was [...]

In spite of – or, indeed, maybe because of – the grim news emanating from the financial pages in recent weeks, enterprise data management practitioners have much to be optimistic about. That was at least the impression given by presenters in the Data Integration stream of the FIMA Financial Data Management Conference Wednesday afternoon.

Although standards for legal entity data are likely to evolve over time and become more rigorous, there does not exist today a standard directory of identifiers for legal entities across global jurisdictions, said James Redfern, head of sales and marketing at CounterpartyLink. But with an average of 27% of company records held at financial institutions [...]