The regulatory landscape for financial institutions has rarely been in greater flux than now, placing new challenges on the technology and data that will be critical to satisfying the requirements of overseers.
While digital innovations are offering organisations the opportunity to meet their compliance obligations with greater accuracy and efficiency, they are also encouraging regulators to place more burdens on institutions’ digital infrastructure.
In one of the key panel discussions of A-Team Group’s Data Management Summit London 2025, expert speakers will delve into the new regulatory challenges confronting institutions and the data solutions they will need to ensure they can comply.
“This panel is very timely,” said Matt Flenley, head of marketing at data management software provider Datactics. “Data and compliance leaders at financial services firms are under increasing pressure to comply with evolving regulations at the same time as achieving significant efficiencies.
“This requires a delicate balance between on the one hand deploying the time and knowledge of internal subject matter expertise, and on the other, working with partners in the technology space to deliver a solution that will achieve compliance in the most cost-effective way,” Flenley told Data Management Insight.
Key Questions
The panel discussion, entitled “Managing the regulatory reporting new normal – the data management response” will look at the key issues with which data managers are grappling amid rapid change in regulatory expectations.
Among the themes explored will be:
- How firms should balance heightened demands from regulators and constant change from re-writes of regulations.
- How firms are progressing with data lineage and moving to more automated approaches.
- The progress being made by financial institutions and regulators to implement data standards.
- The importance of data accuracy and data quality.
- The progress firms are making in modernising data infrastructure to break down silos and create a single, streamlined reporting platform.
- How firms can leverage the foundational work they have done for reporting to generate alpha and business value.
The panellists will comprise David Masters, director – head of party and reference data, EMEA, at SMBC; Que Phuong Dufournet-Tran, regulatory compliance expert; and, Emma Kalliomaki, managing director at Derivatives Service Bureau (DSB) Ltd. Datactics will be represented by Tom Carroll, business development manager.
Changing Landscape
The discussion will take an international view of compliance challenges and solutions, given that while Europe maintains a determination to progress with new regulations, it has recently signalled a preparedness to mollify its hands-on approach in unison with the laissez-faire stance emerging in North America.
For instance, the European Commission last month said it would streamline its slew of sustainability regulations to lessen the burden on reporting firms.
Nevertheless, regulators continue to look at new areas of oversight in response to market changes. One key development they are responding to is the growing importance of private markets. Crypto markets, too, are coming onto regulatory focus as the asset class becomes more popular.
All these developments are forcing a rethink of how organisations’ data professionals manage their compliance processes and supporting infrastructure while at the same time keeping their core operations in optimal order.
“The regulatory reporting landscape is constantly evolving requiring firms to balance the demands of regulatory change with business-as-usual activities to ensure compliance,” DSB’s Kalliomaki told Data Management Insight. “Improved data accuracy and quality are key, with standardisation critical to achieving consistency in interpretation, lowering maintenance costs, allowing for reuse of data and supporting global harmonisation.”
As the complexity of the challenges increases, Datactics’ Flenley said a new era of collaboration between interested parties will be critical to ensuring markets run efficiently.
“We’re looking forward to being part of the debate as it shapes the future of regulatory compliance, in which banks, regulators and firms cooperate to build ever-stronger financial market integrity,” he said.
- A-Team Group Data Management Summit London 2025, will be held on March 20. To see the full agenda, click here or register below.
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