Self Improvement Site
On The Internet! Take the Self Improvement Tour
On The Internet! Take the Self Improvement Tour
Articles from Graz Sweden AB | Selfgrowth.com
- New Regulations Driving Changes to Data Management - by Submitted on May 12, 2012 from Graz Sweden ABPressure to comply with regulation has always been one of the main drivers of changes in how financial services institutions manage data. And new regulations such as the Dodd-Frank Act, Solvency II, UCITS IV, Basel III, MIFID II and FATCA are proving to do just that. Irrespective of the size of ...
Views: 1072 - Impact of Low Quality Reference Data on Bank Processes - by Submitted on May 12, 2012 from Graz Sweden ABWhile Basel III, FATCA and the Dodd-Frank Act will see renewed pressure on businesses to ensure high quality of reference data, focusing on satisfying regulator concerns as the sole reason for improving data management and data quality, would be short sighted. High quality reference data is even ...
Views: 1472 - Gaining the Competitive Advantage from Reference Data Management - by Submitted on May 12, 2012 from Graz Sweden ABAll organisational data falls into either one of two categories – transactional data and reference data. In the context of regulatory reporting by financial institutions, the importance of transactional data is self-evident. After all, it is actual transactions that are most responsible for ...
Views: 2082 - Efficient Data Warehouse Use through Strategic Data Management - by Submitted on May 12, 2012 from Graz Sweden ABIn today’s cut throat world of financial services provision, the ability to rapidly respond to changing market conditions is fundamental. Unfortunately, the need to be first off the blocks can have negative repercussions. And in probably no other area is this more evident than in the ...
Views: 1254 - Data Implications of Basel III on Financial Institutions - by Submitted on May 12, 2012 from Graz Sweden ABThere is no question about it – banks will have to spend money if they are to comply with the new regulatory framework defined by Basel III. The all-encompassing nature of Basel III means that virtually no part of the institution will remain unaffected. But none will probably require as much ...
Views: 1379 - Data Management Implications of Solvency II on Asset Managers - by Submitted on Apr 18, 2012 from Graz Sweden ABAs Europe’s largest financial services institutions face a growing number of new or revamped regulations including Basel III, UCITS IV, MIFID II and Solvency II, they are caught in a dilemma. They could create separate data management infrastructure for the different regulations or they could ...
Views: 1219 - Data Extraction for Solvency II Compliance - by Submitted on Apr 18, 2012 from Graz Sweden ABQuality Data Means Quality Decisions Whenever any of us walks into our family doctor’s office for treatment or a routine checkup, one thing we expect is that the historic medical data the doctor possesses on us is complete, accurate and appropriate. If you previously suffered multiple ...
Views: 1101 - To Get the Technology for Solvency II Right, Insurers Must First Get Workflows Right - by Submitted on Apr 18, 2012 from Graz Sweden ABSolvency II has 3 pillars - Pillar I that address capital requirements, Pillar II that is focused on workflow, governance and audit, while Pillar 3 details the framework for reporting. Unsurprisingly, Pillar I has attracted the most attention with insurers evaluating their entire business to ...
Views: 873 - Managing the Cost of Solvency II Implementation - by Submitted on Apr 18, 2012 from Graz Sweden ABJust how expensive is Solvency II? Well, if the UK’s Financial Services Authority (FSA) is to be believed, the anticipated cost of new technology and external consultants necessary for compliance is likely to exceed US $3 billion. This is a substantial expense for many European insurance firms ...
Views: 1027 - Despite Basel III, Banks must Prepare their Data Infrastructure for More Changes in Future - by Submitted on Apr 18, 2012 from Graz Sweden ABBasel III Not the last Regulation of its Kind Scheduled for implementation between 2013 and 2019, Basel III takes over from its predecessor Basel II. But while the new Basel framework is meant to strengthen the management of international banking risks and thus protect bank’s customers and ...
Views: 1393 - Basel III –Long Term Strategies versus Stop Gap Data Warehouse and Data Management Solutions - by Submitted on Mar 21, 2012 from Graz Sweden ABNever in the history of banking has the need to have good quality data been as important as it is today. As the after effects of the 2007-2009 global financial crisis linger on, ever fewer funding sources and an increasing pressure on financial institutions to deliver a respectable return to ...
Views: 1304 - Basel II and III lessons for Solvency II Compliance - by Submitted on Mar 21, 2012 from Graz Sweden ABIn Solvency II, supervisors will not just be asking insurance companies operating in the European Union to submit new figures for the SCR (Solvency Capital Requirement). Instead, regulators are likely to pose probing questions that allow for the interrogation of report data. For instance, ...
Views: 1193 - Solvency II and its Effect on the Enterprise Risk Engine and Data warehouse - by Submitted on Mar 21, 2012 from Graz Sweden ABA strenuous regulation Regulatory compliance costs money and may disruptively alter the business environment. Recent statements from a senior official of the United Kingdom’s financial services regulator and from the chief executive of the UK’s largest insurer gave impetus to this assertion – ...
Views: 998 - MiFID II, UCITS IV, Dodd Frank and Basel III Driving a Rethink of Massive Data Management - by Submitted on Mar 21, 2012 from Graz Sweden ABAs Basel III, MiFID II, UCITS IV and the Dodd Frank Act are finalised and/or come into force, ever higher data requirements have been thrust on financial institutions that require them to meticulously track the origin of data, its transformation over time and the persons or processes responsible ...
Views: 2731 - Fixing Business Processes with Basel III and Other Emerging Risk Management Regulations - by Submitted on Mar 21, 2012 from Graz Sweden ABThe most heavily regulated industry? Because of the critical role it plays in the economy, the banking sector has always been the most regulated in any country. One need only look at any major economic crisis over the past century to see that the banking industry has always been at the heart ...
Views: 1720 - Implications of MIFID II on Financial Technology Infrastructure and Data Warehouses - by Submitted on Feb 22, 2012 from Graz Sweden ABWhile implementation is not likely until 2014 or 2015, the repercussions of MIFID II are already eliciting mixed reactions from market players. Some industry regulators such as the UK’s Financial Services Authority (FSA) has already expressed concerns on substantial liquidity withdrawal from the ...
Views: 1867 - Solvency II Group Supervision Implications on Data Warehouse Management - by Submitted on Feb 22, 2012 from Graz Sweden ABSolvency II has streamlined regulatory reporting for multi-national and/or multi-subsidiary financial services companies with an insurance arm doing business in the European Economic Area (European Union plus Norway, Iceland and Liechtenstein). Activities of the different businesses, ...
Views: 1329 - Anticipated Fund Manager Re-Alignment Following UCITS IV Implementation - by Submitted on Feb 22, 2012 from Graz Sweden ABWith the coming into effect of UCITS IV (Undertakings for Collective Investment in Transferable Securities) in July 2011, one thing is for sure – fund managers in the European Union have had to evolve with the fast changing regulatory environment. And if past respect for UCITS funds in other ...
Views: 1334 - Three Steps To Setting Out a Basel III-Ready Data Warehouse - by Submitted on Feb 22, 2012 from Graz Sweden ABLots and Lots of Data To better appreciate the magnitude of the challenge that lies ahead for banks with the coming into effect of Basel 3, let's place it in its proper context. First the financial services industry holds enormous amounts of data - probably more than any other sector of ...
Views: 2218 - MiFID II Will Mean Increased Demand on Financial Data Warehouse Infrastructure - by Submitted on Feb 02, 2012 from Graz Sweden ABHow did we get here? If there is one category of financial instrument that has been most frequently blamed for the financial crisis that plagued US and European financial markets in 2008, it was derivatives. Predictably, governments in both jurisdictions have moved to review the existing ...
Views: 1577 - Explanations of the impact of Solvency II on Data Management - by Submitted on Jan 31, 2012 from Graz Sweden ABThe European insurance industry to date has been quite rigid. Solvency II will become widespread and is expected to strengthen the insurance industry in general, as well as providing protection for European insurance customers and assisting market stabilization. Solvency II will also underpin ...
Views: 1005 - Basel III and Data Warehouse Infrastructure - by Submitted on Jan 27, 2012 from Graz Sweden ABWhy Basel III 2007 to 2009 is a period that will remain etched in the minds of financial industry policy makers for years to come. Complex financial instruments, wrongly priced risks coupled with pressure to churn ever higher employee bonuses and bank profits all combined to create the ...
Views: 2499