This week we are joined by Donal Gallagher, President of Quaternion Expert Services (Acadia) who discusses the role of technology in all aspects of risk management in derivatives from collateral management to regulatory reporting. We discuss the need for new market participants under UMR to increase their connectivity and optimise their operations within networks of counterparties, and use interoperable data standards like the ISLA CDM and Acadia's ORE XML (open-source risk engine) to increase the efficiency of their operations.