Nigel Farmer

Industry Director, Capital Markets at Software AG

Message Posts: 19 Comments: 2

Bio Nigel Farmer is the head of Capital Markets solutions at Software AG, responsible for the strategy,product management and marketing of solutions in areas such as Market Surveillance, Pre-Trade Risk, FX E-Commerce and Algorithmic Trading.

Blogs

Are Smart Contracts getting smarter?

22 Nov 2016

Last week saw the second R3 smart contract template contract summit, following on from June’s summit and Barclays demonstration at the London O2 in April. Dr. Lee Braine from Barclays stated in April that what we saw would take time to build and that further industry collaboration would be required. So it’s good to see from the latest summit tha...

Data, Data Everywhere, nor any Knowledge to Gain

27 Oct 2016

The management, retention and reporting of huge data volumes is so onerous that many financial services firms are missing out on the value of this data; they are awash in a sea of data with nothing to drink. Banks are dealing with ever increasing volumes of data, from trading data to communications and social media, coming from many different sourc...

Capital Markets Firms Embrace Cloud Transformation

13 Oct 2016

Cloud adoption in capital markets is gathering momentum, led by the increasing acceptance of the cloud by regulators as well as cost cutting at financial services organizations. Indeed, regulators themselves are some of the enthusiastic adopters. Earlier this year the UK Financial Conduct Authority (FCA) decided to host its MiFID II transaction rep...

How to Manage Your IT Spaghetti

29 Sep 2016

Achieving digital transformation becomes more complicated in large banks which are siloed in nature, have evolved and grown through acquisitions and have many legacy systems – or IT spaghetti. Maintenance of these IT systems consumes resources and budgets that can impede a firm’s ability to innovate, slowing down business transformation. So getting...

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Nigel is Commenting on

Blockchain, Financial Regulatory Reporting and Challenges

This is something I have thought about too, but we are likely years away from having the ability to report only once for Europe, let alone the US etc as well. There is also concept of immutability of transactions on blockchain to deal with. Financial institutions are not currently very good at accurately reporting their transactions to the regulator and this will cause some challenges if they are reported on a blockchain. These are not small numbers of incorrect transactions either. In the last two years the FCA have fined two large banks for inaccurate repporting of 29m and 35m transactions.

19 Sep 2016 Reply Read article

A Compliance Officer will go to Jail in 2016

Compliance is becoming increasingly difficult, with a myriad of new and complex regulations such as Dodd-Frank and MiFID II. This is putting an increased burden on compliance teams who after all are cost centres and dont have the largest of budgets. The skillls required are expanding - understanding the regulation and how to apply it, detailed business knowledge across a range of asset classes eg for surveillance, and technical skills because of the increasing use of technology. And many banks are trying to relocate compiance teams either off-shore or away from the financial centres, in order to benefit from cheaper labour costs. No wonder people want to leave.

11 Feb 2016 Reply Read article