Details:
Details: The British Chamber of Commerce is organising an Evening Business Forum entitled "The Power of Big Data" on Wednesday 17 February 2016 at RBC Investor & Treasury Services (14 Porte de France, L-4360 Esch-sur-Alzette) at 18:00.
The 2008 financial crisis placed the entire financial industry under enhanced scrutiny from politicians, regulators and investors, which resulted in the creation and enactment of new regulations by the authorities in various jurisdictions e.g. Dodd-Frank, FATCA, UCITS V, and AIFMD. Such initiatives have been considered by some market participants as a barrier to doing business and nothing more than an additional cost to be borne by investors, instead of achieving the aims they were created for.
Complying with these rules is an on-going challenge for Fund service providers including administrators, depositaries and transfer agents, who have seen asset managers demanding cost reductions for fund services in order to improve Fund performance, squeezing the profits of the service providers.
The evolving regulatory agenda and the huge amount of data required to comply and enforce such demands has potential to be used in a variety of ways; not simply to enhance transparency but also to reduce investor risk through identifying and reporting investment profiles vs risk patterns in a clear and concise manner which investors can understand.
Following on from this, Fund Managers, in particular in the AIFMD space, are exploring the use of Big Data applications to identify distribution trends, support distribution strategies and help to target specific distribution channels to raise new AuM’s. Service Providers have for some time been increasing the Distribution Support tools they provide their customers and leveraging Big Data and Smart Data is another evolution in this space.
The event will discuss how Big Data it is being captured, stored, analysed, deployed and reported by Luxembourg service providers to meet regulatory requirements and support evolving business needs such as Distribution.
Panelists; Scott Anderson, Director, Fidelity Investment Managers, Sebastien Danloy, Managing Director, Continental Europe, RBC, Mario Mantrisi, Chief Strategy & Research Officer, KNEIP & Andia Shtepani, Oxford MBA student & subject matter expert
The evening will be moderated by Antonio Thomas, Partner, ManagementPlus (Luxembourg) S.A.
The evening will begin at 18.00 with registration. The conference is scheduled to begin at 18.30. To close the evening drinks and canapes will be provided and, as always, the opportunity to meet and discuss with fellow Chamber Members.
Venue: RBC Investor & Treasury Services (14 Porte de France, L-4360 Esch-sur-Alzette)
Organiser: British Chamber of Commerce in Luxembourg
Price: see website
Reservations: To attend, register online at www.bcc.lu.
URL: www.bcc.lu
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