In order to assist the European financial services community in its attempts to improve liquidity risk management, the Committee of European Banking Supervisors (CEBS) has published a new consultation paper on how to go about producing an effective allocation mechanism for liquidity costs, benefits and risks, CP36. The recommendations are aimed at providing firms with a framework upon which to build internal pricing mechanisms to price liquidity risk and to align liquidity risk management culture across their organisation via suitable incentives, which are likely to include significant data gathering and technology requirements.
The focus of data management projects may change along with the questions around achieving business buy in, but the answers about the benefits and practical considerations remain the same, says Danielle Newland, product manager of data management solutions at Eagle Investment Systems. What has changed, however, is the level of interest around outsourcing and application service provider (ASP) solutions in the current market. According to Newland, 50% of the vendor’s pipeline is coming from the ASP side of the business; thus backing up the predictions made by her colleague John Lehner last year (see 
Following the appointment of Geoff Harries as the new global head of asset servicing for its Investment Management Solutions (IMS) business earlier this month (see 
The regulatory scrutiny of data quality is driving firms to join in with the second wave of outsourcing that is sweeping the market, according to Colin Close, CEO of hosted data management solution vendor Netik. Close reckons that firms should not wait for standards to be set, either by the regulator or bodies such as the EDM Council, before tackling their data management challenges and that a new level of pragmatism is evident in the market.
The data management community could potentially learn a lot about standardisation from the world of performance measurement, suggested Corné Reiners, head of both FSC performance measurement and data management at Robeco Asset Management, to delegates to TSAM in London this week. A lot of cooperation has been achieved within the area of performance measurement between asset management firms and this led to the development of Global Investment Performance Standards (GIPS), which have achieved great traction in the market, he contended.
They may differ in their opinions in how to go about effecting change (see last year’s FIMA standards panel for proof, see 
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
The Colombian central securities depository (CSD) Deposito Centralizado de Valores de Colombia (Deceval) has been appointed as the national numbering agency for the country, according to a recent letter from the CSD’s CEO Jorge Hernan Jaramillo Ossa. Deceval will therefore be responsible for allocating six character Classification of Financial Instrument (CFI) codes and 12 character International Securities Identification Number (ISIN) codes for securities in the Colombian market that are subject to the ISO 6166 and ISO 10962 standards.
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