How Will Tokyo Differ on Global Regulatory Initiatives?
This week's Editor's View will be a brief one, as I'm in the middle of the frenzy that occurs just before a long set of travels on behalf of Inside Reference Data. This time around the stops are Sydney, Singapore and Tokyo. This will be my second Tokyo Financial Information Summit, after covering our postponed summit that was held last September.
I'm looking forward to learning more, along with fellow attendees, about what Asia-Pacific regional data professionals are thinking about how to best manage data, their plans for compliance with Basel III, the Dodd-Frank Act and Fatca regulation and how data needs to be managed to support effective credit and counterparty risk management. It may sound simplistic or obvious, but I've found that professionals on the other side of the world inevitably have different views to those in the US, the UK and Europe.
It's quite likely those in the Tokyo market have views about the regulation happening abroad that differ from their counterparts in Sydney and Singapore, as Tokyo is a more insular, local market in what it trades and how it operates. I remarked on this in a diary column from Tokyo last year. So, with plans to also cover and moderate discussions at events sponsored by SIIA/FISD while in Sydney and Singapore, I am expecting to hear different and possibly opposing takes on regulation, even if only tangentially as part of discussions about best practices in data management.
Also concerning the Tokyo market, I expect to learn more about how changes to disaster recovery systems and plans are coming along since the March 2011 earthquake and tsunami. In September, discussions about such changes were just starting to happen.
In the next two weeks or so, watch this space for more diary-style pieces, as well as Inside Reference Data's homepage for live coverage of certain panel discussions from the aforementioned conferences.
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