The General Data Protection Regulation (GDPR) comes into effect on 25th May 2018. By this date, organisations holding personal data for their EU customers and employees must be able to demonstrate compliance with the new regulations. The aim of GDPR is to enable data subjects (the individuals whose data is held) to have more control […]
A large international bank was struggling to keep its global DevOps programme on track and realise the full range of benefits. The bank engaged Brickendon to help speed up the implementation of the programme and to ensure the organisation adopted agile and DevOps practices globally. Brickendon’s experienced DevOps specialists were able to successfully embed DevOps […]
By Brickendon Principal Consultant Jonathan Pell What do UBS, Macquarie Bank, National Australia Bank, Google, Microsoft, KPMG and Ernst & Young all have in common? Yes, they are all global organisations, but more importantly, they have all embraced, and are advocates of, flexible and activity-based working. In today’s environment where budgets are being squeezed by […]
Data is everywhere and so are regulations, so it is not surprising that the two are having quite a large impact on each other. In fact, while it is possible to have data without regulation and regulation without data, you are highly unlikely to find one without the other in today’s highly-regulated data-orientated financial environment, […]
BCBS 239 – Compliance Attestation Framework Many organisations are struggling with the significant challenges associated with implementing BCBS 239 and in particular, the ambiguous nature of the regulation. Brickendon’s solution is a lightweight framework of evidences, linked with rationale to each paragraph, and a literal interpretation of the regulatory requirements by term. View PDF
A Tier 1 investment bank was seeking to improve its testing processes and was keen to implement Brickendon’s specialised approaches. The bank engaged Brickendon to implement the bespoke approaches and to train its own staff to use the Brickendon processes efficiently and effectively. The result was the reduction of a three-week testing cycle to six […]
A large international financial institution was struggling to acquire, maintain and manage multiple classes and hierarchies of data within existing systems and processes. As a result, they faced significant difficulty assigning credit risk and calculating capital requirements and RWA. They also missed out on product sales opportunities, and encountered various deficiencies with several ongoing regulatory reporting […]
XML (Extensible Mark-up Language) is the lingua franca for the exchange of information in the banking industry, but many institutions are struggling to use it effectively. Failure to correctly translate RAW trading message data into XML-related languages could cause banks to miss regulatory deadlines and incur large fines. Brickendon were engaged to develop a system […]
A large international bank was struggling with the reconciliation between assumed and the actual settlement of trades, which was costing them large amounts of money and considerable man hours. Brickendon were engaged to assess the existing situation, devise a programme to remove operational risk from the current process and to provide a strategic solution going […]
The client wanted a more robust, scalable and reliable solution for caching FX static data. The large legacy system was clunky and slow. Each trading system that used the cache actually only required small subsets of data for each transaction. Challenges To deliver big changes to the existing application, whilst allowing live trading to continue […]