FIMA 2014 (past event)
12 - 13 November, 2014
12 - 13 November, 2014 | QEII Conference Centre, London
Marc Murphy
Co-founder and CEO
Fenergo
Check out the incredible speaker line-up to see who will be joining Marc.
Download The Latest AgendaDay 1
Thursday, December 11th, 2014
13:50 Case Study: How to build and leverage a single, centralised data store to solve complex ongoing regulatory compliance
Are you faced with the pressing challenge of balancing data and regulatory needs for your financial institution?
Regulatory upheaval, converging compliance implementation deadlines and a strong focus on improving transparency, visibility and accuracy are creating a regulatory and data management ticking time-bomb for a lot of financial institutions.
During this session, you will learn how by leveraging a single, centralised data store you can satisfy up to 80% of regulatory data demands. Drawing on the experiences of recent client implementations, Fenergo’s Marc Murphy will share a best practice approach to leveraging the data and documentation already held in various repositories to solve multiple regulatory demands. You will learn about new data architecture practices within the information flow that effectively links the regulatory and data demands, such as:
• How to identify the data commonalities and calculate the small delta between multiple regulations such as KYC, AML, as well as classification and OTC derivative regulations such as FATCA, Dodd-Frank, EMIR, MiFID II, ASIC etc.;
• How 80% of the data and compliance requirements can be solved at the same time using the same team, budget, implementation programme;
• How incorporating a rules-driven approach to regulatory data management can determine the availability and delta of your data demands – i.e. the data and documentation artefacts that are currently available for re-use within your financial institution and those that remain outstanding for collection (the delta);
• How to implement a lifecycle approach to data and compliance management to ensure continued high quality data and compliance with all existing and emerging regulations.
Regulatory upheaval, converging compliance implementation deadlines and a strong focus on improving transparency, visibility and accuracy are creating a regulatory and data management ticking time-bomb for a lot of financial institutions.
During this session, you will learn how by leveraging a single, centralised data store you can satisfy up to 80% of regulatory data demands. Drawing on the experiences of recent client implementations, Fenergo’s Marc Murphy will share a best practice approach to leveraging the data and documentation already held in various repositories to solve multiple regulatory demands. You will learn about new data architecture practices within the information flow that effectively links the regulatory and data demands, such as:
• How to identify the data commonalities and calculate the small delta between multiple regulations such as KYC, AML, as well as classification and OTC derivative regulations such as FATCA, Dodd-Frank, EMIR, MiFID II, ASIC etc.;
• How 80% of the data and compliance requirements can be solved at the same time using the same team, budget, implementation programme;
• How incorporating a rules-driven approach to regulatory data management can determine the availability and delta of your data demands – i.e. the data and documentation artefacts that are currently available for re-use within your financial institution and those that remain outstanding for collection (the delta);
• How to implement a lifecycle approach to data and compliance management to ensure continued high quality data and compliance with all existing and emerging regulations.