Independent price verification (IPV) is an increasingly important process requirement to support finance and risk functions across a wide range of financial institutions. The core IPV process demands that internal prices are verified against independent third party sources.
About Matt Pick
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Entries by Matt Pick
Prudent valuation practices are becoming increasingly commonplace, prompted by edicts such as the European Union’s Capital Requirements Regulation. Rather than simply verifying the fair value of an asset (or accuracy of a model) by comparing it to an independent source, prudent valuation goes one step further and assumes the process of deriving fair value is sufficiently uncertain to warrant additional adjustments that reflect valuation risk.
The mandatory adoption of IFRS 9 at the beginning of 2018 will cause a number of data management challenges for firms impacted and required to comply with the new accounting standards. This paper outlines some of these challenges, including the need to adopt a consistent approach to measuring expected credit losses, as well as accurately classifying assets and modelling hedging relationships.
The implementation of MiFID II and MiFIR may have been delayed by a year, but its impact has not been lessened. While MiFID focused principally on European equity markets, its sequel has a much broader remit. It threatens to have repercussions across OTC and exchange traded derivatives, fixed income securities and structured products, as well as commodities markets.
Mandatory adoption of IFRS 9 at the beginning of 2018 will prompt a number of data management challenges. Firms required to comply with the new accounting standards will need to pay particular attention to validating inputs and outputs of credit risk models, as financial statements become considerably more sensitive to credit quality. Furthermore, requirements to adopt a new classification schema for assets and liabilities and model hedging relationships will drive the need for consistent data and a collaborative approach across finance and risk management functions.
This executive overview outlines the key data management challenges facing financial institutions, and presents the benefits of using TimeScape EDM+, Xenomorph’s Enterprise Data Management system for financial markets.
Join Xenomorph’s Brian Sentance at the Data Management Summit (DMS) London on 15th March 2017. Brian will be participating in the panel discussion: “Reviewing the regulatory landscape in volatile and uncertain times — the data management response for 2017” at 11.00.
In this video blog produced in partnership with Numerix, Xenomorph CEO Brian Sentance sits down with Numerix CMO James Jockle to discuss a new Celent Report on FRTB and the Upcoming Renaissance in Market Risk Management. They discuss the data management challenges FRTB presents to the industry and how businesses can be strategic with planning and execution of sound IT strategies and solutions.
In an article for Inside Reference Data, Xenomorph’s Brian Sentance raises awareness about how to use derived data. FRTB and capital adequacy issues can be addressed with better understanding of proprietary or derived data. Financial institutions rely heavily on information sourced from vendors, whether that’s market or reference data. Yet their most valuable data sets tend to be those they create themselves. Proprietary or “derived” data gives these institutions an edge by providing the ability to spot mispricing of risk, capture alpha and outperform the market. Given the importance of proprietary data and analytics…
NEW YORK, LONDON & SINGAPORE – July 25, 2016 – Xenomorph, a provider of data management technology to banks, investment managers and insurance companies, has announced a significant new funding agreement from HSBC. The funding has enabled the business to accelerate global go-to-market plans for its TimeScape EDM+ financial analytics and data management platform. TimeScape […]
This paper describes the ‘fundamental’ nature of changes associated with the revised Basel III market risk capital framework and the broad set of data management challenges that firms will face as a result of the new framework.
The Basel Committee’s Fundamental Review of the Trading Book (FRTB) will cause ‘fundamental’ changes to the industry’s market risk capital framework, and in turn, prompt a broad set of data management challenges. This factsheet outlines how TimeScape EDM+ addresses these data management challenges and describes the customer benefits from implementing our advanced enterprise data management solution.
It has been a couple of years since I last caught up with MarkLogic (click here for 2014 event blog post) and their brand of NoSQL database so given some of my colleagues recent work with NoSQL databases I thought I would have a catch up at their event in London this week. Many of […]
This datasheet gives a brief introduction to TimeScape EDM+, Xenomorph’s Enterprise Data Management system for financial markets. Available on-premise and as a cloud service it provides a centralized, consistent and auditable framework for the management and analysis of all data types, enabling reduced costs and increased data quality across the organization.
This document provides an introduction to TimeScape EDM+, Xenomorph’s Enterprise Data Management system for financial markets. TimeScape EDM+ manages the complete lifecycle of data from acquisition and storage, to validation, analysis and distribution to downstream systems. It centralizes the management of front, middle and back-office data and provides validated, high quality datasets for use in operations, risk management, regulatory reporting and decision support.