The Markets in Financial Instruments Directive, more commonly known as MiFID II, is one of the most talked about regulations in the financial services sector. Its impacts are far-reaching, both in terms of the macro structure of the overall financial markets and the internal functional areas within the financial institutions themselves. With the deadline for […]
With less than a year to go until the deadline for compliance with the new EU General Data Protection Regulation (GDPR), now is the time to prepare. Billed as the biggest change to data privacy laws in many years, GDPR has the potential to massively impact the financial services sector around the globe. Failure to […]
Brickendon Partner and data specialist Nathan Snyder will be speaking about one of the biggest-ever changes to data privacy at the RegTech Summit for Capital Markets in New York. Snyder, who heads up Brickendon’s data practice, will speak about the EU General Data Protection Regulation (GDPR) at the event on November 16th at Convene in […]
Recent news that a 20-day Poker tournament ended with a robot beating the world’s four best players and amassing $1.7 million in chips has been described as a crushing defeat for humanity, but a major milestone for artificial intelligence (AI). It’s not the first time that phrase has been used and definitely won’t be the […]
From 11 January 2017, British Airways, the flag carrier for the United Kingdom and airline long-recognised for their exemplary customer service, removed complimentary food and drinks from their short-haul European flights. A long-time coming as part of many changes to reduce costs, CEO Alex Cruz decided that removing the complementary service in an environment increasingly […]
Does it matter where you store your data? Is one home better than another? Brickendon Consultant Ramanan Venkat takes a look. If a lake is a water-filled basin surrounded by land, with rivers or other outlets feeding or draining it, then it is quite easy to understand the concept of a data lake. According to […]
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, […]
STRATEGIC DATA ORGANISATION SOLUTION Dealing with the vast amounts of data within an organisation can be challenging. Brickendon believes that addressing these needs in a holistic way helps reduce costs and improve customer service. Our data quality solution aims to be the internal data provider of choice within the firm by employing governance best practices, providing […]
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 large global bank needed support to consolidate its regulatory reporting with BCBS 239 (principles for effective risk data aggregation and reporting). Brickendon was called upon to develop a mechanism to support the bank’s attestation to the regulator and provide a robust interpretation of the regulation itself to drive minimum standards of compliance. The Challenges […]