GoldenSource to Discuss How New Regulations Bring Data Management to the Board at This Year's FIMA

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Nov 16, 2010, 06:30 ET

LONDON, Nov. 16, 2010 /PRNewswire/ -- GoldenSource Corporation, a leading provider of Enterprise Data Management (EDM) solutions, will be addressing the impact of regulation on data management at FIMA 2010, taking place on 16th – 18th November at Hotel Russell in London. The talk, taking place at 17.00 on day one of the event, will review key upcoming regulations such as Basel III and Solvency II and how financial institutions need to review their data management practices in order to meet capital adequacy and other requirements.

During his 'Beyond best intentions – how regulation is transforming the argument for pervasive data management' talk, Gert Raeves, SVP Partnerships and Marketing, will discuss how recent regulatory reforms such as Basel III bring the topic of data management out of the back office and into the boardroom. New regulations call for greater capital adequacy to make sure financial institutions have sufficient capital to cover their obligations and mitigate systemic risk. As demand grows for integrated and near real-time views on positions, risk managers must look at the foundation of their risk governance to ensure their data establishes an accurate view of the firm's risk exposure.

GoldenSource recently launched RiskHub, a suite of products aimed at risk professionals, to help increase transparency within data management and improve risk governance from the ground up. It allows event-driven synchronisation of information between systems for reporting and corporate governance requirements, managing inputs for risk calculations, and evaluation of risk exposure.

FIMA gathers over 250 senior-level reference and market data management executives to debate, discuss and share strategies on all aspects of collecting, managing, storing, standardising and distributing data in a financial institution. Gert is available for interviews at or around the event. For more information please visit the FIMA 2010 website http://www.wbresearch.com/fimaeurope/.

U.K. press office: Metia Nicola Garvin Tel: +44(0)20-3100-3586 Email: [email protected]

About GoldenSource

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.

For more information, please visit: http://www.thegoldensource.com or follow on Twitter at http://twitter.com/goldensource

SOURCE GoldenSource