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Legal contract data: The new reference data challenge for financial firms

Author

Listed:
  • Datoo, Akber

    (Founder and CEO and Managing Director, D2 Legal Technology, UK)

Abstract

Financial firms are waking up to the importance of effectively managing legal contract data. Potential benefits of doing so are numerous: avoidance of regulatory sanctions and associated reputational damage; improved risk management and associated profit and loss (P&L) gains from the increased capture of embedded value; a holistic working culture where trading, risk, legal, IT and other departments are able to communicate in a more productive fashion than has often been the case historically. But there are numerous challenges to extracting legal contract data. This paper will look at some of these within the context of derivatives: legal architecture, complexity of drafting, speed of regulatory change and organisational inertia.

Suggested Citation

  • Datoo, Akber, 2015. "Legal contract data: The new reference data challenge for financial firms," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 7(3), pages 253-259, March.
    • Handle: RePEc:aza:jsoc00:y:2015:v:7:i:3:p:253-259
    as

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    More about this item

    Keywords

    documentation; derivatives; collateral; regulation; reference data; legal;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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