Under the Dodd Frank Act, UK swap dealing entities are required to report annually to the Commodities Futures Trading Commission (CFTC) in the US. The process to support this reporting involves a vast and detailed attestation process, whereby control owners are held accountable for their part in regulatory compliance, providing information on the processes they are […]
An international tier-one bank was implementing a Trade Data Repository (TDR) and required advice, management and expertise across a variety of problem spaces. A large team had been assembled to work on various aspects across the platform and Brickendon was asked to provide expertise to develop solutions across the entire range of activities. The original […]
There is very little in life that isn’t a competition, and if you want to get the best results, encouraging a competitive edge is often the best way forward. Up steps Kaggle, an online forum that runs grown-up competitions for data scientists. The aim is to solve problems ranging from how to automate the proves […]
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 […]
The rise in the availability, and ease of collection, of data has led to the era of Big Data. Large data sets are collected from multiple unreconciled sources and stored awaiting the analysis of data scientists and other professionals. Logical data models are scorned in favour of unstructured data sets that can be combined in […]
Data is everywhere in today’s society. Whether it’s statistics in a government file, confidential information at the doctors, mobile phone calls, e-mails, Facebook pages or twitter posts, there is no escaping it. Without doubt, data today is ‘big’. So big in fact, that experts are suggesting we could currently be creating as much data every […]
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 […]
The client needed an experienced programme manager with strong soft skills to help reorganise and reinvigorate a team seeking to recover from recent issues and deliver large-scale reference data change. The Challenges A need to have change accepted within the broader group of stakeholders A team structure was required to scale to meet the demands […]
A major Swiss bank had created new sources of reference data to meet regulatory requirements, reduce Total Cost of Ownership (TCO) and realise bank-wide benefits. The foundational components were laid through the consistent definition of clients, sales contacts, settlement instructions, instruments, books and contractual agreements. In order to achieve the benefits of mastering this data, […]
Cyber security is costing Britain’s businesses an estimated £34 billion a year as they seek to repair damage caused by security breaches and to beef up security to prevent attacks. This latest research by the Centre for Economics and Business Research and US application security firm Veracode found that just over half of the total […]