GoldenSource to Discuss Minimizing Risk and Meeting Regulatory Change With Data Management at the Eighth European Financial Information Summit
By Goldensource, PRNETuesday, September 14, 2010
LONDON, September 15, 2010 - GoldenSource, a leading provider of Enterprise Data Management (EDM)
solutions, will exhibit at the European Financial Information Summit on
September 21st at London's Victoria Park Plaza. The conference, including a
panel featuring GoldenSource's Gert Raeves, will discuss and debate the
latest solutions and strategies to stay ahead of the business, competitive,
regulatory and technology issues affecting the market and reference data
communities.
Traditionally siloed organisations have to date prevented a
more transparent view of a financial institutions risk position, with market
and reference data operating in disparate systems. With the increasing number
of regulatory requirements being imposed on financial firms, risk managers
are calling for centralised market and reference data in order to achieve the
additional visibility and accuracy of data required by regulators, and to
help minimise systemic risk.
Regulatory bodies such as the newly formed Office of Financial
Research (OFR), and mandates such as 'living wills' require a 360 degree view
of all risk-relevant data. With regulators calling for a more detailed and
structured account of how and where data is being used, end-to-end
transparency is vital to success. A more robust data management system that
can be accessed throughout the entire trade process helps achieve this single
view, enabling a firm to not only look at its current situation, but
facilitating a more flexible approach to complying with future regulations.
Gert Raeves, senior vice president of strategic business
development and marketing at GoldenSource will participate in the discussion
panel Enterprise data management: Strategies for mitigating risk and meeting
regulatory requirements at 11:15, 21 September 2010. Gert will be
deliberating the issues facing market and reference data professionals
including:
- Achieving end-to-end data transparency through centralised market and reference data; - How a centralised mechanism can help firms reduce risk and provide greater transparency through a user-friendly environment; - The importance of a centralised system and processes in meeting new regulatory data requirements; - How mandates such as living wills look to reduce systematic risk and improve transparency.
Gert will be available for press interviews both before and
after the Enterprise Data Management panel session. To set up an interview
please contact Nicola Garvin, Account Manager, Metia at the details below. To
find out more information about the panel, please go to
eu.financialinformationsummit.com/day1.html.
About GoldenSource
GoldenSource makes it easy to manage critical reference and
market data. We offer an integrated Enterprise Data Management (EDM) platform
for the securities and investment management industry.
Our innovative products are designed to create, maintain and
distribute a trusted golden copy. Our unique data model covers all financial
instruments, customers and counterparties, and extends to transactions and
positions. The ability to connect, organise and aggregate trusted information
reduces risk, drives better decisions and helps our customers achieve their
goals. GoldenSource solutions are used by forward-looking banks, brokers,
investment managers and service providers to reconcile tactical departmental
goals and strategic enterprise objectives.
A proven supplier of on premises EDM solutions to the world's
largest financial institutions, GoldenSource also powers managed data
services via the innovative Powered by GoldenSource(TM) program.
For more information, visit: www.thegoldensource.com
For further information: Nicola Garvin Metia for GoldenSource Email: metiagoldensource@metia.com Phone: +44(0)20-3100-3586
For further information: Nicola Garvin, Metia for GoldenSource, Email: metiagoldensource at metia.com, Phone: +44(0)20-3100-3586
Tags: GoldenSource, London, September 15, United Kingdom