GoldenSource to Discuss Minimizing Risk and Meeting Regulatory Change with Data Management at the Eighth European Financial Information Summit

LONDON, Sept. 15 /PRNewswire/ -- GoldenSource, a leading provider of Enterprise Data Management (EDM) solutions, will exhibit at the European Financial Information Summit on September 21^st at London's Victoria Park Plaza. The conference, including a panel featuring GoldenSource's Gert Raeves, will discuss and debate the latest solutions and strategies to stay ahead of the business, competitive, regulatory and technology issues affecting the market and reference data communities.

Traditionally siloed organisations have to date prevented a more transparent view of a financial institutions risk position, with market and reference data operating in disparate systems. With the increasing number of regulatory requirements being imposed on financial firms, risk managers are calling for centralised market and reference data in order to achieve the additional visibility and accuracy of data required by regulators, and to help minimise systemic risk.

Regulatory bodies such as the newly formed Office of Financial Research (OFR), and mandates such as 'living wills' require a 360 degree view of all risk-relevant data. With regulators calling for a more detailed and structured account of how and where data is being used, end-to-end transparency is vital to success. A more robust data management system that can be accessed throughout the entire trade process helps achieve this single view, enabling a firm to not only look at its current situation, but facilitating a more flexible approach to complying with future regulations.

Gert Raeves, senior vice president of strategic business development and marketing at GoldenSource will participate in the discussion panel Enterprise data management: Strategies for mitigating risk and meeting regulatory requirements at 11:15, 21 September 2010. Gert will be deliberating the issues facing market and reference data professionals including:

• Achieving end-to-end data transparency through centralised market and reference data;
• How a centralised mechanism can help firms reduce risk and provide greater transparency through a user-friendly environment;
• The importance of a centralised system and processes in meeting new regulatory data requirements;
• How mandates such as living wills look to reduce systematic risk and improve transparency.

Gert will be available for press interviews both before and after the Enterprise Data Management panel session. To set up an interview please contact Nicola Garvin, Account Manager, Metia at the details below. To find out more information about the panel, please go to http://eu.financialinformationsummit.com/day1.html.

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, visit: www.thegoldensource.com .

SOURCE GoldenSource

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