Fall 2013 Edition

  • 1094

    PIPELINE INTEGRITY MANAGEMENT: an operating model for the midstream industry

    Owners of liquid hydrocarbon and natural gas pipelines must now conform to the demand of new regulations involving public safety and environmental concerns. The public scrutiny and regulatory approvals imposed on pipelines, combined with the negative consequences of an incident, make decisions regarding pipeline integrity management increasingly important. The safety and reliability of pipelines has become a corporate-level social accountability issue for every operator. In this article, Dale St. Denis, Khurram Farooqui and Eric Scheller discuss the need for a comprehensive approach to asset integrity management, what it takes to successfully implement an integrity management program and how to get [...]
  • 1081

    ANALYTICS STRATEGY: creating a roadmap for success

    Companies in the capital and commodity markets are looking at analytics for opportunities to improve revenue and cost savings. Yet, many firms are struggling to develop a comprehensive, cohesive and sustainable analytics strategy to support their uses. In this article, Rashed Haq introduces the key components of an analytics strategy and how to use it to develop a strategic roadmap. According to Forrester, analytics is the top priority in terms of investment in business applications for firms, up from the fourth priority in 2010. Their survey of almost 1,100 companies shows that 49% of firms have near-term plans to adopt [...]
  • 1070

    USER EXPERIENCE: a unique investment opportunity that pays high dividends

    When planning any IT project—whether it’s a large enterprise-wide application or a small tool intended for a few users—User Experience skills and disciplines can help to guarantee successful adoption and integration into new or current work processes, effectively reducing rework, frustration and costs. Julie Rodriguez and Matt Hull discuss the high returns firms can expect when incorporating UX into their technology initiatives. If the return on an investment was guaranteed to be at least 1,000%, wouldn’t everyone want to capitalize on it? The obvious answer is yes. But in reality, when it comes to investing in User Experience (UX), many [...]
  • 1059

    REGULATION SCI: regulators take aim at exchanges’ electronic systems

    As issues with electronic systems continue to impact exchange operations, the US Securities and Exchange Commission (SEC) has proposed a new regulation designed to improve the stability, performance and security integrity of a variety of computerized systems in the listed securities markets. In this article, Jim Myers introduces Regulation Systems Compliance and Integrity (Reg SCI), discusses industry reaction and proposes steps exchanges can take now to prepare for this new legislation. Over the past six months, several major exchanges have fallen victim to systems-related issues, losing valuable time and money—and damaging their reputations in the process. On April 12, the [...]
  • 1049

    INVESTMENT BOOK OF RECORDS: establishing a single source of “truth” for buy-side firms

    Firms are discovering that there is a strong business need for accurate real-time positional data across their organizations. Access to such data would maximize investment opportunities, ensuring that a firm can be fully invested. For some, an Investment Book of Records (IBOR) addresses that need. Gaining considerable attention in the investment management industry, particularly within more retail-focused firms, an IBOR provides real-time portfolio visibility through the synchronization of frontand back-office systems and can be implemented in a variety of ways. Duncan Cooper discusses the fundamental patterns these options present and considerations for each. Traditionally, an investment manager has a front-office [...]
  • 799

    BENCHMARKING AND MATURITY ASSESSMENTS: how a small time contribution garners major insights and helps to improve data management

    With the onslaught of regulatory change programs and corporate realignments, more firms are performing internal current-state assessments of their practices and procedures and reaching out to the industry to benchmark against peers. Often, these initiatives require considerable time and effort, yet once the final reports are delivered, typically only 20% of the findings are acted upon. In this article, Sylvia Darwell and Gavin Kaimowitz explain how taking a slightly different approach can provide the majority of the results in a fraction of the time. What is Peer Benchmarking? Benchmarking is a continuous, systematic process used to evaluate and compare the [...]
  • 813

    MARGIN ON UNCLEARED SWAPS: a review of the key elements that will drive margining

    With adherence to the Dodd-Frank Act and EMIR clearing requirements well underway, the attention of global regulators has turned to the non-centrally cleared over-the-counter (OTC) derivatives portion of the OTC sector. In 2011, the G20 agreed to add margin requirements for non-centrally cleared derivatives to the reform program. Subsequently, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have been tasked with developing a set of key principles to ensure that appropriate margining practices are established for all non-centrally cleared OTC derivative transactions. Recently, the third and final iteration of the framework establishing the [...]