LONDON and NEW YORK, March 16, 2011 /PRNewswire/ --
GoldenSource Corporation, a leading provider of Enterprise Data Management (EDM) solutions, will be moderating a panel at the Financial Information Management (FIMA) Conference 2011 in New York City. As the afternoon chairperson on Tuesday, March 22, Stephen Engdahl, SVP of Product Strategy of GoldenSource, will give the afternoon opening address at 2:00pm EDT, introduce the afternoon speakers and moderate a panel discussion entitled "Building a Strategy for Managing Global Entity Data that Meets Your Risk and Compliance Standards" at 4:15pm EDT.
During the panel, the speakers will discuss models to help ensure counterparty data accuracy, and examine the challenges in integrating third-party counterparty data into IT systems. They will also analyze how to overcome barriers of working with legacy client databases, and best practices for addressing exposure, market risks, and managing global legal entity data.
"The adoption of a global, unique legal entity identifier will have tremendous impact on the financial services industry; however, most institutions still hold client data in a siloed environment scattered in databases across the organization," says Steve. "Particularly with regulations such as Dodd-Frank, Basel III, MiFID II, and Solvency II impacting the European and US markets, managing legal entity data has turned into one of the biggest challenges for financial institutions. Banks need to take into account wider data policies and standards, and be able to ensure entity information is accurate, auditable and from credible sources."
Steve will be available for interviews prior to and after his talk at Bridgewaters, located at 11 Fulton Street at the South Street Seaport. To arrange a briefing, please contact Sheryl Lee on the details below. FIMA will be focusing on the operational, risk and business issues surrounding reference data management. For more information go to http://www.wbresearch.com/fimausa/daytwo.aspx.
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GoldenSource makes it easy to manage critical reference and market data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry.
Our innovative products are designed to create, maintain and distribute a trusted golden copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organise and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals. GoldenSource solutions are used by forward-looking banks, brokers, investment managers and service providers to reconcile tactical departmental goals and strategic enterprise objectives.
A proven supplier of on premises EDM solutions to the world's largest financial institutions, GoldenSource also powers managed data services via the innovative Powered by GoldenSource™ program.