Article
Nirvana Blog 1.png

The path to reference data normalisation nirvana

Data normalisation - standardising the presentation of data to ensure it is consistent across required fields and records - is an essential component of effective financial data management, enabling reference data in particular to be recognised, interrogated and incorporated into required data workflows much more easily, and minimising the risk of reconciliation and compliance ‘fails’.
Article
Data normalisation - standardising the presentation of data to ensure it is consistent across required fields and records - is an essential component of effective financial data management, enabling reference data in particular to be recognised, interrogated and incorporated into required data workflows much more easily, and minimising the risk of reconciliation and compliance ‘fails’.
Article
Not only is there a requirement to report additional information, EMIR Refit also places enormous emphasis on enhancing and harmonising the quality of the data itself to support end to end validation and data reconciliation obligations, and to mitigate the risk of misreporting - and having to report associated reporting failures.
Article
Big isn’t necessarily always best when it comes to data services delivery and it’s important for financial firms to weigh up the relative pros and cons when considering what makes the most sense for them to support their data management needs.
Article
While perhaps regarded as being at the less glamorous end of the transaction data spectrum, reference data in fact accounts for some 70% of all of the data required to be captured in every financial market transaction.
Article
Wrongly ‘labelled’ products and the wrong information in the wrong reporting fields will cause EMIR Refit reporting failures, with associated tedious and costly remediation and re-reporting and potential for regulatory penalties and sanctions.
Report
More than half of tier 2 & 3 banks have an inefficient derivatives reference data management workflow, a study by FOW and Acuiti.io has found.
Article
A record number of trade and transaction reporting ‘rewrites’ are required to be implemented before the year end: EMIR Refit in the UK in September, ASIC (Australian rules) Rewrite in October, along with MAS (Singapore) Update and proposed JFSA (Japan), CFTC Rewrite Phase 2 and SEC 10C-1 (both US) rule changes all have a direct impact on reporting of derivatives trades.
Article
In the continuing absence of single, global identification and transaction messaging standards, the challenges of managing reference data are many and varied, since every data point may be subject to multiple interpretations - and indeed uses - in different contexts.
Article
It is a truth universally acknowledged that faulty reference data is, today, one of the key contributors to regulatory reporting failures.
Article
Reference data plays an increasingly critical role in the smooth running of global financial markets, touching on every part of the transaction lifecycle.