Basel III is a is a new global standard created by the members of the Basel Committee on Banking Supervision “to strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector”. The standard will require banks to hold more capital, and higher quality capital, as well as to have sufficient liquidity in case of crisis. This in turn will have a big impact on the business intelligence (BI) systems of banks. More internal monitoring will be needed, and more disclosures to regulators.

The way we govern and manage swathes of information within the UK Financial Services market is increasingly being impacted by government regulation; with many suppliers seeing this as anew Y2K opportunity.

The problem is large and complex but the solution isn’t insurmountable. It can be addressed by effective Master Data Management and Data Governance roadmaps linked to improvements in customer-centric strategies to create new opportunities for Financial Institutions.

In the interview Malcolm looks at The Present and Future of Data Management, regulation and its impact on reference data, and the differences between the US and UK markets and what lessons to learn from this.

For the original interview audio, find all three parts to download below.

In this exclusive 3-part FIMA podcast series on data management I had the privilege to chew the fat with Malcolm Chisholm, one of the true luminaries in the field. Malcolm is an independent consultant with over 25 years experience in data management, specializing in areas including data governance, master and reference data management, business rules management/execution and data architecture and design.

He has authored the books: Managing Reference Data in Enterprise Databases; How to Build a Business Rules Engine; and Definitions in Information Management.

Not only that, but earlier this year Malcolm was presented with the prestigious DAMA International Professional Achievement Award for contributions to Master Data Management.

Part one looks at The Present and Future of Data Management

Malcolm is an independent consultant with over 25 years experience in data management, specializing in areas including data governance, master and reference data management, business rules management/execution and data architecture and design.

Part two looks at Regulation and Data Management

Malcolm is an independent consultant with over 25 years experience in data management, specializing in areas including data governance, master and reference data management, business rules management/execution and data architecture and design.

Part three looks at US vs UK – What can they learn from one another?

Minimising Duplication & Ensuring Data is Reused by Different Parts of the Business. Focus on Quality.

Michael McMorrow, Head of Data Management Services, Information Management, AIB Bank

- Why we f..... it all!
- It’s all about PM.
- Men are from Mars...

André Kelekis. Head of GMD Strategy, BNP Paribas

- Globalisation 3.0: we live in a global world!
- There are multiple forms of collaboration
- Why collaboration in Data Management will increase
- Managing risks: important factors to consider.

André Kelekis, Head of GMD Strategy, BNP Paribas

Brigadier Richard Nugee MBE, Director of Manning (Army)

HSBC Securities Services, Global Product Management: Chris Johnson. Effective Strategies and new ideas for obtaining reference data for OTC instruments.

Chris Johnson, Head of Product Management, Market Data Services, Fund Services, HSBC Securities Services

Introduction of Market Data Vendor Mgt. at ING

Claudia Marcusson, Global MDVM Transformation Team Lead, Market Data Vendor Management (MDVM) EMEA, ING Investment Management

I. Data Sourcing Strategies
II. Day to Day management of your data
III. Control & Risk mitigation
IV. Measuring results
V. Looking forward

Matthew Cox, Global Business Support, Securities Data Management

Duc Pham Hi, Head of Quantitive Finance, Alacra

What will Common Data Standards do for your Organisation?

The only option for absolutely clean data is to have a single, trusted source for all data sets. Our world is far too complex for all data to be treated in such a way. A combination of approaches will stay with us.

Francis Gross, Head of External Statistics, European Central Bank

Back to basics: Before we can talk about extending the strategy and standards we need to agree on what the strategy and standards might be

Principles: What are the key principles that are worth extending and how do you achieve the implementation of these principles?

The business landscape: What does the business landscape look like? What are the areas that might benefit for the principles outlined?

The tension between producer and consumer: Creating business benefit from the natural tension between consumer and producer

John Visti Madsen, Head of Market Data Sourcing & Strategy, Saxo Bank

Julian Dorado and Joel Gowen, M&G Investments

Ken Price, Avox

Lorraine Waters, RBS

Malcolm Chisholm, President, AskGet

Michael Atkin, Managing Director, EDM Council

Managing Enterprise Data In Financial Services: A Common Framework For Compliance And Application Management

Philip Byrne-Jones, Solutions Architect, UK Financial Services

Sean Taylor, Deutsche Bank Private Wealth Management