Marcelle von Wendland

Last updated

Marcelle von Wendland (born 1970) is a British entrepreneur, executive, published author and expert in the area of risk and financial instruments as well as semantic data models and data utilities. She is known for her pioneering work on a semantic data model for financial instruments that allows facilitates industry wide data utilities such as the European Central Bank Central Securities Database (ECB CSDB). [1] [2] [3] [4] [5] [6] The approach known as The Building Block Approach is used by the ECB CSDB and covered in the book Pricing, Risk, and Performance Measurement in Practice ( ISBN   9780123745217 and 9780080923048) [7] co-authored by von Wendland and ECB Senior Economist Wolfgang Schwerdt. Von Wendland is also known for her amateur yacht racing. [8] [9]

Contents

Career

She is the co-founder and CEO of Bancstreet Capital Partners Ltd. [10] She was Managing Director at Fincore Ltd which she now continues to support as a consultant. [11] [12] [13] She has previously worked for HypoVereinsbank, Barclays Bank, Goldman Sachs, LCH-Clearnet, the UK HM Revenue and Customs and others. [14]

Von Wendland is a Chartered Fellow of the Chartered Institute for Securities & Investment (CISI). She was deputy chair and elected member of the Risk Forum Committee of CISI from 2002 to 2012 and 2008 to 2009 respectively. [15]

Von Wendland has been an active member of the Private Sector Preparatory Group (LEI-PSPG) for the Legal Entity Identifier set up and run by the Financial Stability Board from 2011 onwards. [16] [17] [2]

She has been an elected and served as member of the Governing Council of the Royal Institute of Navigation (RIN) for two consecutive terms first from August 2010 to July 2012 and then from August 2012 to July 2015. [18] She has also served on the RIN's Finance committee from 2007 to 2013 and the RIN Audit & Risk committee since 2013.

Politics

Von Wendland stood as a candidate for the Liberal Democrats in the 2018 Local Elections in Hounslow Central ward in the London Borough of Hounslow. [19] [20] [21] [22] [23]

Research

She has co-authored the book Pricing, Risk, and Performance Measurement in Practice ( ISBN   9780123745217), [7] together with ECB Senior Economist Wolfgang Schwerdt. Her more recent research covers the area of blockchain, Distributed ledger Technology and semantics; this includes a paper with the title: Smart Contracts that are Smart and can function as Legal Contracts A Review of Semantic Blockchain and Distributed Ledger Technologies. [24] [25] [26]

Background

Von Wendland is also an experienced and commercially qualified Yacht Racing skipper and instructor with a wide range of experience that includes skippering the former Volvo Ocean Race Yacht BEL 1 Zest of Belgium in as series of RORC (Royal Ocean Racing Club) races. [8]

She has skippered the 3/4 Tonner IOR Racing Yacht GET CARTER GBR4127R in the RORC Fastnet Races 2007, [9] 2009, [27] 2011 [28] as well as 2013, [29] and has gained an entry in the 2015 Fastnet Race for GBR 2Get Carter.

Von Wendland was born in Munich, Bavaria daughter of Franziska von Wendland and Georg Kress. She grew up first in Holzhausen near Rosenheim, where her mother was a teacher at the Ignaz Guenther Gymnasium and Rosenheim Music School and later in Munich. She attended Theresien Gymnasium Muenchen from 1981 to 1987, St Clare's, Oxford from 1987 to 1989 and London School of Economics where she studied Economics and International Relations. She currently lives in West London.

Related Research Articles

<span class="mw-page-title-main">Fastnet Race</span> Biennial offshore yacht race

The Fastnet Race is a biennial offshore yacht race organized by the Royal Ocean Racing Club (RORC) of the United Kingdom with the assistance of the Royal Yacht Squadron in Cowes and the City of Cherbourg in France.

<i>Jolie Brise</i> Gaff-rigged pilot cutter

Jolie Brise is a gaff-rigged pilot cutter built and launched by the Albert Paumelle Yard in Le Havre in 1913 to a design by Alexandre Pâris. After a short career as a pilot boat, owing to steam replacing sail, she became a fishing boat, a racing yacht and a sail training vessel.

The Admiral's Cup was an international yachting regatta. For many years it was known as the unofficial world championship of offshore racing.

The International Offshore Rule (IOR) was a measurement rule for racing sailboats. The IOR evolved from the Cruising Club of America (CCA) rule for racer/cruisers and the Royal Ocean Racing Club (RORC) rule.

<span class="mw-page-title-main">1979 Fastnet Race</span> 1979 yacht disaster south of England

The 1979 Fastnet Race was the 28th Royal Ocean Racing Club's Fastnet Race, a yachting race held generally every two years since 1925 on a 605-nautical-mile course from Cowes direct to the Fastnet Rock and then to Plymouth via south of the Isles of Scilly. In 1979, it was the climax of the five-race Admiral's Cup competition, as it had been since 1957.

A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions. Smart contracts are commonly associated with cryptocurrencies, and the smart contracts introduced by Ethereum are generally considered a fundamental building block for decentralized finance (DeFi) and non-fungible token (NFT) applications.

Morning Cloud was the name given by the British politician Edward Heath to a series of five yachts which he owned between 1969 and 1983.

<span class="mw-page-title-main">TP 52</span>

The Transpac 52 (TP52) is a class of yacht used for competitive 52 Super Series yacht racing, and the Audi MedCup previously, besides the world championship of the class. The class is recognised by the International Sailing Federation which entitles the class to hold an Official World Championships.

<span class="mw-page-title-main">Bitcoin protocol</span> Rules that govern the functioning of Bitcoin

The bitcoin protocol is the set of rules that govern the functioning of bitcoin. Its key components and principles are: a peer-to-peer decentralized network with no central oversight; the blockchain technology, a public ledger that records all bitcoin transactions; mining and proof of work, the process to create new bitcoins and verify transactions; and cryptographic security.

<span class="mw-page-title-main">Ethereum</span> Open-source blockchain computing platform

Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software.

A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Since each block contains information about the previous block, they effectively form a chain, with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.

<i>Groupama 4</i>

Groupama 4 is a Volvo Open 70 yacht designed by Juan Kouyoumdjian. She won the 2011–12 Volvo Ocean Race skippered by Franck Cammas.

A distributed ledger is a system whereby replicated, shared, and synchronized digital data is geographically spread (distributed) across many sites, countries, or institutions. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a single (central) point-of-failure.

<span class="mw-page-title-main">Cardano (blockchain platform)</span> Public blockchain platform

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA.

<span class="mw-page-title-main">Nikki Henderson</span> British professional yachtswoman (born 1993)

Nicola Henderson is a British professional yachtswoman. In 2018, she became the youngest ever skipper to lead a team in the Clipper Round the World Yacht Race at the age of 25.

Government by algorithm is an alternative form of government or social ordering where the usage of computer algorithms is applied to regulations, law enforcement, and generally any aspect of everyday life such as transportation or land registration. The term "government by algorithm" has appeared in academic literature as an alternative for "algorithmic governance" in 2013. A related term, algorithmic regulation, is defined as setting the standard, monitoring and modifying behaviour by means of computational algorithms – automation of judiciary is in its scope. In the context of blockchain, it is also known as blockchain governance.

Regulation of algorithms, or algorithmic regulation, is the creation of laws, rules and public sector policies for promotion and regulation of algorithms, particularly in artificial intelligence and machine learning. For the subset of AI algorithms, the term regulation of artificial intelligence is used. The regulatory and policy landscape for artificial intelligence (AI) is an emerging issue in jurisdictions globally, including in the European Union. Regulation of AI is considered necessary to both encourage AI and manage associated risks, but challenging. Another emerging topic is the regulation of blockchain algorithms and is mentioned along with regulation of AI algorithms. Many countries have enacted regulations of high frequency trades, which is shifting due to technological progress into the realm of AI algorithms.

Decentralized finance provides financial instruments and services through smart contracts on a programmable, permissionless blockchain. This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. DeFi platforms enable users to lend or borrow funds, speculate on asset price movements using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. The DeFi ecosystem is built on a layered architecture and highly composable building blocks. While some applications offer high interest rates, they carry high risks. Coding errors and hacks are a common challenge in DeFi.

Web3 is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. This is distinct from Tim Berners-Lee's concept of the Semantic Web. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech". The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms. The concepts of Web3 were first represented in 2013.

Algorithmic Contract Types Unified Standards, abbreviated to ACTUS, is an attempt to create a globally accepted set of definitions and a way of representing almost all financial contracts. Such standards are regarded as important for transaction processing, risk management, financial regulation, the tokenization of financial instruments, and the development of smart contracts for decentralized finance (DeFi) using blockchain technology. ACTUS is used as a reference standard by the Office of Financial Research (OFR), an arm of the US Treasury.

References

  1. ↑ "20th Meeting for the IMF Committee on Balance of Payments Statistics, October 29, 2007 (BOPCOM 07/25(b)" (PDF). Imf.org. Retrieved 9 June 2022.
  2. 1 2 "Archived copy" (PDF). Archived from the original (PDF) on 21 February 2015. Retrieved 21 February 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ↑ "Data Management Summit: Regulation and Risk Prompt Tactical Approaches to Change | Reference Data Review". Archived from the original on 21 February 2015. Retrieved 21 February 2015.
  4. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 21 February 2015. Retrieved 21 February 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ↑ "We have moved!" (PDF). Archived from the original (PDF) on 2 May 2013. Retrieved 21 February 2015.
  6. ↑ "EUR-Lex - 32012O0021 - EN - EUR-Lex". Eur-lex.europa.eu. Retrieved 9 June 2022.
  7. 1 2 "Pricing, Risk, and Performance Measurement in Practice - 1st Edition". Store.elsevier.com.
  8. 1 2 Cowie, Ian (7 August 2006). "Time for muddle before Muckle Flugga".
  9. 1 2 "Sailing Results". Archived from the original on 24 August 2011. Retrieved 21 February 2015.
  10. ↑ "Team". Bancstreet.com.
  11. ↑ "About". Fincore.com.
  12. ↑ "Press Release/ Software Vendor Fincore Appoints New Managing Director to Drive Big Data Business - Software - Fincore Ltd". Przooom.com. 18 May 2016. Retrieved 9 June 2022.
  13. ↑ "Food and Drink IT Summit » » Marcelle von Wendland- Founder & CEO, Fincore Ltd". Itfoodsummit.com.
  14. ↑ "Marcelle von Wendland". Linkedin.com. Retrieved 9 June 2022.
  15. ↑ "Securities and Investment Institute : Annual Report and Accounts 2008/9" (PDF). Cisi.org. Retrieved 9 June 2022.
  16. ↑ "Consultation Paper : Feasibility study on approaches to aggregate OTC derivatives data" (PDF). Fsb.org. Retrieved 9 June 2022.
  17. ↑ "Proposed Nominees to the Board of Directors of the Global LEI Foundation" (PDF). Financialstabilityboard.org. Retrieved 9 June 2022.
  18. ↑ "Council Members". Royal Institute of Navigation. Archived from the original on 21 February 2015. Retrieved 21 February 2015.
  19. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 24 April 2018. Retrieved 23 April 2018.{{cite web}}: CS1 maint: archived copy as title (link)
  20. ↑ "Brentford and Isleworth Candidates 2018 (Hounslow Borough Liberal Democrats)". Archived from the original on 24 April 2018. Retrieved 23 April 2018.
  21. ↑ "RCP/ECR Platform - Results by Ward". Archived from the original on 5 May 2018. Retrieved 4 May 2018.
  22. ↑ "Hounslow's local election results - Who are your councillors?". Getwestlondon.co.uk. 4 May 2018.
  23. ↑ "The parties and people you can vote for in Hounslow local elections". Getwestlondon.co.uk. 27 April 2018.
  24. ↑ "Marcelle von Wendland". Scholar.google.co.in.
  25. ↑ Marcelle von Wendland (2018). "Smart contracts that are smart and can function as legal contracts - A Review of Semantic Blockchain and Distributed Ledger Technologies". arXiv: 1805.01279 [cs.DC].
  26. ↑ "Smart Contracts that are Smart and can function as Legal Contracts". Hal.inria.fr. 23 April 2018.
  27. ↑ "Rolex Fastnet Race 2009". Rorc.org. Retrieved 9 June 2022.
  28. ↑ "Rolex Fastnet Race 2011". Archived from the original on 17 July 2013. Retrieved 21 February 2015.
  29. ↑ "Sailing Results". Archived from the original on 28 February 2015. Retrieved 21 February 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.