Not all data should be centralised and there has to be a rationale for the data that you do centralise, said Peter Serenita, chief data officer of JPMorgan Worldwide Securities Services in a FIMA panel about ‘Ensuring a successful group-wide data management model’.

The European Central Bank’s Centralised Securities Database (CSDB) could be used as the industry’s recognised source of business entity identifiers in the future, contended Soeren Kier Christensen, managing director of Finsoft Financial Systems. “Each institution needs a unique identifier and the CSDB currently tracks these for each European institution. By using these already standardised codes, [...]