Centralizing Data Improves Oversight, CDOs Say

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CDOs Colin Hall, Credit Suisse; Edward Boag, Pioneer Investments; Vincent Benita, BNP Paribas, discussing data management issues at EFIS

Centralization of data management and governance is the best means of oversight for reference data and reducing data complexity, according to chief data officers (CDOs) who discussed oversight needs on a panel at the European Financial Information Summit.

Reducing complexity and ensuring responsibility for data accuracy are tasks that should be part of a CDO's purview, said Edward Boag, CDO at Pioneer Investments. Boag's colleague, Vincent Benita, CDO at BNP Paribas, countered that IT

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Cutting through the hype surrounding the FDTA rulemaking process

A bill requiring US regulators and institutions to adopt a machine-readable data framework for reporting purposes applies to entity identifiers, but not security identifiers, in a crucial difference, writes Scott Preiss, SVP and global head of Cusip Global Services.

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