Legal data for banking : business optimisation and regulatory compliance / Akber Datoo.

ABOUT THE AUTHOR
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.

Includes bibliographical references and index.

Machine generated contents note: 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.

"A practical, informative guide to banks' major weakness 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"-- Provided by publisher.

"Financial firms are very familiar with the product and client data domains, and have developed maturity in these areas in order to support the business and change management in response to rapidly evolving regulatory data requirements. The legal data domain is the new emerging area, in recognition of the fact that the legal contracts between firms contain significant contractual obligations that underpin the financial markets. Without adequately recognising these terms as valuable data assets, firms will fail to adequately manage their risks and struggle to optimise their business lines. Regulators will fail to be able to manage situations of rising systemic risk and be unable to act accordingly in recovery and resolution scenarios. -- Provided by publisher.

Description based on print version record and CIP data provided by publisher.