The G20 has stated the overarching need for better macro prudential oversight (MPO) to monitor the build up of systemic risk through expanded data collection from large and complex firms. Its 93-point action plan is crammed full of new ideas – and some recurring themes from the past. However, when looked at in aggregate, how this all fits together is far from clear. Perhaps most importantly, there is no unifying strategy document that defines the scope of the capabilities required or an impact assessment to indicate the size of the change.
Liquidity Risk Action Network creates the reference points for investment firms' and their regulators' detailed policy and operating model requirements. By making these transparent, they also form the launch pad for suppliers and service providers who wish to build solutions which are fit for purpose.
Trading
TechSIG provides a neutral 'safe' platform for like-minded firms, vendors and professional service firms to collaboratively develop practical IT infrastructure solutions to resolve MiFID compliance problems. No similar mechanism exists for protected collaborationTM, which safeguards members' intellectual property, whilst creating valuable, validated solutions.
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Customer Data Management Group is the leading resource for insight on the implementation of global operating models which meet counterparty data management standards. The think-tank will lead the development of industry guidance so that investment firms who follow it can avoid sanction.
Today's investment firms need to know their customer and product data better and access it faster and cheaper if they are to rise to the new challenges they face from the combination of market and operational pressures introduced this decade.
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Regulatory identifiers (GRIS)
The Global Regulatory Identifier Steering Group (GRIS) is a collaborative initiative bringing together European sell-side trade
bodies.
It represents the European sell-side perspective, whilst creating a global dialogue between, and amongst, policymakers and industry.
