Since the launch of its AC Invest solution in October last year (see our coverage of the launch event 
Since its decision to sign up for the MoneyMate investment data management solution in October last year, Schroders has been working closely with the vendor to control the aggregation and cleansing of their product information for presentation on websites. Gerard Walsh, head of change management for the web and customer relationship management (CRM) at Schroders, and Ronan Brennan, chief technology officer at MoneyMate, explain that the solution is aimed at enhancing the timeliness, accuracy and consistency of Schroders’ product information, which is communicated to their clients and distribution channels.
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.
Virginie O’Shea, editor at A-Team Group, was on the ground at this year’s TSAM 2010 conference at the Brewery in London. In this podcast she catches up with speakers from the show to find out the trends expected in the data management industry in 2010.
The UK Financial Services Authority (FSA) has this week been forced to back down somewhat in its aggressive approach to introducing further changes to its liquidity risk regime in light of the current economic climate. As promised last year, the regulator has assessed the state of the market and decided not to push ahead with the quantitative aspects of its regime, namely the controls around liquid asset buffers.
Getting buy in from senior management and understanding from those at the grassroots level with regards to tackling data management challenges has become much easier as a result of the current industry focus on data, said Shannon Walker, IT architect at Deutsche Bank, to delegates to yesterday’s TSAM event in London. However, she warned that firms must involve those in the “middle”, namely end users from the business side, in data management projects in order to ensure they are on board with the changes and that the overall project is a success.
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 UK Financial Services Authority (FSA) has this week published its Financial Risk Outlook (FRO), which outlines the main risks and issues present in its operating environment, affecting firms, markets and consumers. The document sets out the regulator’s expectations for the industry in the post-crisis environment and directly calls for an investment in risk technology in particular.
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