In light of the Covid-19 pandemic, regulators have, unsurprisingly, followed the lead of their central bank cousins. One consequence is that transformational regulation, like MAS 610 and 1003, has been delayed. This wise course of action affords banks the chance to ensure they have every opportunity to comply and avoid the consequences of not doing so. 

Solidatus is delighted to have been invited to provide its award-winning metadata modelling services to model the test datasets being created in the Financial Conduct Authority and City of London Corporation's pilot to create a ‘digital sandbox’. This sandbox will be opened later in the Summer to support innovative firms tackling challenges caused by the Coronavirus pandemic.

After working for the leasing division of Barclays for 11 years, it was very strange to move from an established process of working, to join the ‘dark side’; a start-up software company selling trading software back to Banks. It was an exciting time, as financial services organisations were going through dramatic change and adopting new technology and practises. 

Solidatus Co-Founder Philip Miller joins Venturi Ltd Voice Podcast to discuss the process of simplifying the complexities of data and the vital importance of being prepared to ensure intellectual property is safe and useable.

BCBS 239 is summed up by the Basel Committee on Banking Supervision as: “the right information needs to be presented to the right people at the right time”. In the global financial crisis of 2007/8 (remember that one?), regulators found some “globally systemically important” banks did not have a firm grip on their risk reporting and could not react quickly enough.