Governance
The art of communication: Data pros need better messaging
As the CDO of a tier-one bank puts it, when there’s an imbalance in communication between the data organization and the business (much less other technology heads) “that creates problems.”
Hot topic: SEC climate disclosure rule divides industry
Proposal likely to flounder on First Amendment concerns, lawyers believe.
The IMD Wrap: AI efforts will force renewed focus on data in 2024
Machine learning and generative AI offer a tremendous opportunity to help users obtain more insights from raw data, but these tools first need perfect datasets on which to base their decisions.
Ignoring ESG data simply doesn’t make business sense
There’s a brewing controversy about “woke” ESG investments. But politics aside, ESG as a dataset brings more transparency to investment decisions.
Gleif hopes to entice LEI laggards with new digital identifier
The vLEI has ambitions to become the backbone of digital trust.
Google urges regulators, market participants to clarify risk guidance for AI models
A new whitepaper from Google finds that existing guidance on the use of AI and ML models for risk management is a start, but leaves room for improvement.
Waters Wrap: Goldman Sachs and the facts and fiction of being data driven
Neema Raphael, CDO and head of data engineering for Goldman Sachs, explains what he believes it means for a firm to be data driven.
Waters Wrap: ChatGPT, data officers, and reaching new frontiers
As banks clamp down on large language models like ChatGPT, Anthony says that CDOs can help firms experiment with these chatbots while developing the proper governance structures.
Waters Wrap: For data managers, the new problems are the same as the old
While much attention has been given to cloud, AI, blockchain and other buzzwords, without a proper data foundation, those tools will not deliver the results that have been promised.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
Could cloud kill the data licensing debate and shake up pricing models?
Market participants say cloud has the potential to reimagine data licensing. But moving to the new operational model comes with a raft of unanswered questions.
LSEG’s Refinitiv to deliver Real-Time Full Tick data on the cloud in 2023
The data vendor has 19 points of presence from where it will provide co-located access to the new managed services by Q2 2023.
EU Regulator: Incoming rules will arm financial institutions to negotiate cloud contracts
While the new rules will eat into financial services resources, regulators say they will also offer safeguards for managing cloud agreements.
SEC deadline raises existential questions for US market data
This month, the commission must decide on a fee filing under its market data modernization efforts. Jo wonders how likely we are to see those efforts materialize any time soon.
Finos will host common domain model for Isda, Isla and Icma
The non-profit will provide a neutral, open-source repository to help the trade associations govern and maintain the CDM.
People Moves: Broadridge, Tradeweb, Ice, FCA, and more
A look at some of the key people moves from this week, including Rana Yared (pictured), who joins the board of Tradeweb as an independent director and a member of the audit committee.
SocGen to move datacenter footprint in Americas to AWS, Azure
SG Americas plans to significantly reduce and even close datacenters in the US as a result of moving to the cloud and defining controls around cloud and data governance.
Development bank aims for better settlement with blockchain prototype
R3 is among the companies working with the regional bank on a proof-of-concept to bring efficiencies to cross-border securities transactions.
Court thwarts exchanges’ petition to head off market data threat
The DC appeals court has denied a petition to void a rule that seeks to bring competition to the US consolidated tapes.
This Week: Goldman Sachs, MSCI/MarketAxess, Cboe/ErisX, & more
A summary of the latest financial technology news.
New datasets illuminate risky ‘pledged securities’ for investment analysis, due diligence
Until now, information around this opaque type of dataset has been hard to find, though it’s becoming increasingly important to financial analysts.