This paper summarises some of the key past, present and future regulatory initiatives that have prompted firms to pay closer attention to market data quality. It also looks at the workflows, system and process requirements needed to support firms’ evolving obligations when it comes to data quality.
IFRS 9 Data Management ChallengesWhite Paper
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.
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.
Spreadsheets and their role within operational risk – Mitigating operational risk with TimeScape EDM+White Paper
Regulation is now forcing change in spreadsheet and other End User Computing (EUC) application usage and policy. This paper illustrates how the analytics and data management capabilities of TimeScape EDM+ mitigate the operational risks of spreadsheet usage and extend the footprint of Enterprise Data Management into the Front Office.
Spreadsheets and their role within operational risk – Instrument valuation issues, data and regulationWhite Paper
Regulations such as BCBS 239 are forcing changes in the usage and governance of spreadsheets and other end-user computing (EUC) applications in financial markets. This paper outlines the main risks in spreadsheet usage in derivative and fixed income valuation, and explains some of the regulators motivations in addressing this source of operational risk.
This paper describes how spreadsheet calculations and analytics can be integrated within a centralized, audited Enterprise Data Management (EDM) process. Given regulations such as BCBS 239 and Dodd-Frank mandating a reduction in the reliance upon manual end-user processes, such an approach offers the flexibility, agility and ease of use that business users desire, but within a framework that meets the needs of auditors and regulators for increased data quality, transparency and reduced operational risk.
Over twenty years of experience delivering successful data management projects have helped to make TimeScape EDM+ the most flexible and complete EDM solution for financial markets. This white paper details the features that place TimeScape EDM+ in a unique position to solve many of the data management issues facing financial institutions today.
This white paper establishes the key components of a “modern” EDM system. It outlines the principal drivers to EDM adoption within financial markets and the business outcomes firms are looking for, and then describes the features required to deliver these outcomes and how such a system satisfies the broader needs of the enterprise.