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- Wiley
More About This Title Legal Data for Banking - Business Optimisation and Regulatory Compliance
English
Legal Data for Banking defines the legal data domain in the context of financial institutions, and describes how banks can leverage these assets to optimise business lines and effectively manage risk. Legal data is at the heart of post-2009 regulatory reform, and practitioners need to deepen their grasp of legal data management in order to remain compliant with new rules focusing on transparency in trade and risk reporting. This book provides essential information for IT, project management and data governance leaders, with detailed discussion of current and best practices. Many banks are experiencing recurrent pain points related to legal data management issues, so clear explanations of the required processes, systems and strategic governance provide immediately-relevant relief.
The recent financial crisis following the collapse of major banks had roots in poor risk data management, and the regulators’ unawareness of accumulated systemic risk stemming from contractual obligations between firms. To avoid repeating history, today’s banks must be proactive in legal data management; this book provides the critical knowledge practitioners need to put the necessary systems and practices in place.
- Learn how current legal data management practices are hurting banks
- Understand the systems, structures and strategies required to manage risk and optimise business lines
- Delve into the regulations surrounding risk aggregation, netting, collateral enforceability and more
- Gain practical insight on legal data technology, systems and migration
The legal contracts between firms contain significant obligations that underpin the financial markets; failing to recognise these terms as valuable data assets means increased risk exposure and untapped business lines. Legal Data for Banking provides critical information for the banking industry, with actionable guidance for implementation.
English
Akber Datoo is founder and managing partner of D2 Legal Technology LLP (D2LT), a boutique legal data consulting firm, dedicated to the capital markets space. With over 16 years' experience of derivatives and a blend of both technology and legal perspectives, Akber works with financial institutions to create legal risk frameworks to ensure regulatory compliance and business optimisation. This has included the provision of strategic change management advice relating to process and systems for contract data modelling, document assembly, search, information retrieval, know-how and legal opinion management. Akber Datoo graduated from Cambridge University with a first class honours degree in Computer Sciences. The early part of his career was spent working on the trading floor of UBS as an IT developer specialising in fixed income derivatives, providing his input into key industry initiatives such as FpML and Swapswire.
English
Preface
Acknowledgments
Chapter 1: The Role of Data in a Financial Crisis
Chapter 2: The Law, Legal System and Basics of Contract Law
Chapter 3: Structured Finance and Financial Products - Derivatives
Chapter 4: Data, Data Modelling and Governance
Chapter 5: BCBS 239 - Legal Data in Risk Aggregation
Chapter 6: Capital and Netting
Chapter 7: Collateral - Enforceability, Reform and Optimisation
Chapter 8: CASS - Client Assets and Client Money as set out in CASS
Chapter 9: Liquidity Risk Management and Reporting
Chapter 10: Contractual Impediments - Recovery and Resolution Planning
Chapter 11: Document Generation/ Data Driven Contracts
Chapter 12: Smart Contracts
Chapter 13: Electronic and Digital Signatures
Index
