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This book is an essential read for any professional dealing with data and information challenges.

Imagine a collection of villages all beset upon by monsters. One village defeats their monsters using silver bullets. They convince all surrounding villages that their solution should be the only standard. The next village uses silver bullets to repel the monsters but fail! Why? Because the first village was fighting werewolves, the second village was fighting vampires.

This is our data challenge–recognizing not all problems are the same - and there are no single silver bullet solutions. There are many communities within financial services, each with nuanced needs that require slightly different solutions to address what may look like the same problem.

The financial services industry is unique for being based upon information and communication. It is the failure in understanding that multiple existing financial languages exist and pursuing interoperability that sits at the crux of financial crisis – not the lack of a single unified financial language. This book is an essential read for any professional dealing with data and information challenges.

The author presents a new, unique approach to broad industry issues, leveraging applied linguistics and discusses how to break barriers that exist between language and data; the aim to make it easier for the financial industry (including regulators) to communicate - for the benefit of all investors. Unconventional in the cross-disciplinary pairing of applied linguistics and financial services, it is practical and intuitive in pursuing solutions. While focused on financial services, the approach is relevant for other industries that have similar challenges.

Table of Contents

  1. Cover
  2. Half-Title Page
  3. Title Page
  4. Copyright
  5. Dedication
  6. Description
  7. Contents
  8. Foreword
  9. Acknowledgments
  10. Chapter 1 Introduction
  11. Chapter 2 Defining Financial Services: Roles and Interactions
  12. Chapter 3 An Introduction to Applied Linguistics
  13. Chapter 4 Intermission
  14. Chapter 5 Firm Type: Perspectives, Roles, and Languages
  15. Chapter 6 Front/Middle/Back Office/Enterprise (Silo Versus Cross-Silo)
  16. Chapter 7 Asset Class CoPs
  17. Chapter 8 The Investment Roadmap
  18. Chapter 9 Cross Border and Domestic Communities
  19. Chapter 10 Standards: Background
  20. Chapter 11 Standards in 2020 Financial Services
  21. Chapter 12 The Regulatory Community
  22. Chapter 13 Applying Communities of Practice
  23. Chapter 14 The Modest Proposal
  24. Appendix A
  25. References
  26. About the Author
  27. Index
  28. Backcover
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