Questions for EFIS

We're expecting forward-thinking, informative and useful discussions in the European Financial Information Summit to be presented by Inside Market Data and Inside Reference Data in London on Tuesday, September 16.

The agenda packs in many issues, including demands on chief data officers, various regulations and their effect on data management, data governance strategies, implementation of the legal entity identifier standard and the ongoing quest for "golden copy."

Some questions that could be covered include:

Chief Data Officers:
• How can firms close the divide between relying on hiring a chief data officer to form a strategic vision for data management, or hiring a CDO to implement a vision they have already formed?
• About a year ago, I noted that the CDO role was catching on. Do the possible internal politics described at that time affect how CDOs proceed with their goals, whether invented or assigned?

Regulation:
• In regulatory compliance, has Solvency II overtaken other major regulatory initiatives such as Fatca and AIFMD as most pressing? Why has COREP and FINREP reporting become more important or more of a matter for concern?

Data Governance:
• How should firms develop their data governance strategy? Should it be all about centralization, in one form or another, as some in the industry have said, or does it always mean turning to outside providers and deploying their services?

LEI:
• Is the legal entity identifier having the desired effect? Is its implementation and the establishment of organizations to govern it proceeding correctly and quickly enough? Does more need to be done to actually impose the LEI?

Golden Copy:
• Do data supply chains need to be altered to achieve golden copy? How may centralized hub models or multiple vendor solutions that are frequently proposed as ways to address golden copy work with data supply chains to improve the quality of golden copy produced?

These questions, and the way they are being answered, will be keys to how data management operations continue to evolve through the end of this year and beyond.