CEBS Produces Advisory Paper on Liquidity Cost Benefit Allocation to Support New Risk Requirements

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.

(more…)

15 Mar 2010
 
Industry is Experiencing Second Wave of Outsourcing, Says Netik’s Close

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.

(more…)

12 Mar 2010
 
Data Management Could Learn from Performance Measurement Standardisation, Suggests Robeco’s Reiners

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.

(more…)

12 Mar 2010
 
Regulation is Driving Force Behind Data Management Change, Agree EDM Council’s Atkin and JWG’s Di Giammarino

Driving force pic They may differ in their opinions in how to go about effecting change (see last year’s FIMA standards panel for proof, see here), but EDM Council’s managing director Mike Atkin and JWG’s CEO PJ Di Giammarino agreed that the regulatory environment is forcing firms to re-evaluate their data management systems. Both Atkin and Di Giammarino told delegates to TSAM in London earlier this week that the regulatory community is delegating the responsibility for improving data quality to the industry in order to enable them to better track systemic risk.

(more…)

12 Mar 2010
 
EDM Market Experiencing a Strong Start to the Year, Says Asset Control’s Enfield

Rick Enfield Asset Control Since the launch of its AC Invest solution in October last year (see our coverage of the launch event here), the enterprise data management (EDM) solution vendor has witnessed an uptick in client interest in its new compliance focused offering, according to Rick Enfield, product business owner of the vendor’s AC Plus solution. The shift from approaching data management as a technology problem to seeing it as a business driven challenge has lent credence to the cause of EDM, he says.

(more…)

11 Mar 2010
 
Strong Governance and Audit Trail is Key in the Data Management Endeavour, Says UBS’ Lux

The challenge of getting a whole firm “into the same boat” and understanding the true benefits of a data management project requires strong leadership and governance from the outset, said Hans Lux, enterprise data architect at UBS Global Asset Management, to the delegation in attendance at TSAM 2010 earlier this week. The importance of data governance is far from a new concept, but Lux stressed that firms should use the audit trail to their advantage in the current environment where regulatory scrutiny is so intense.

(more…)

11 Mar 2010
 
Mizuho’s Tweddle Stresses Importance of Data Ownership for Improvement in Quality

Simon Tweddle Mizuho Simon Tweddle, director of risk management at Mizuho International, is a firm believer in assigning data ownership in order to effectively monitor data quality across a financial institution. Speaking at last week’s Thomson Reuters event in London, Tweddle explained that Mizuho has recently put the management of its global reference and market data back on the agenda in order to ensure its regional and local operations are all working from the same set of data.

(more…)

10 Mar 2010
 

 
 

Monthly A-Team Insight Review. Subscribers only.
Our quarterly in depth magazine.
Download Free!
 
Podcast: The Data Management Lowdown from TSAM 2010
10 Mar 2010
Video: A-Team Interviews John Jessop About his Book
16 Feb 2010
A-Team Insight Podcast - February 2010
15 Feb 2010
 
Special Report: Applications of Reference Data to the Middle Office
08 Mar 2010
Reference Data Review Special Report: Enterprise Data Management, 2010 Edition
05 Mar 2010
Industry Briefing & Survey: Harnessing Data for Better Valuations
19 Nov 2009
Reference Data Review Special Report: Enterprise Data Management, 2009 Edition
27 Oct 2009
Market and Reference Data Converge: A United Front for Data Management
18 Sep 2009
 
A-Team Insight Exchange

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.

Click here for more information

 
 

Does your institution have a chief data officer or will you likely have one in the near future?

View Results

Loading ... Loading ...
 
Click here for A-Team's directory