The CIO role is fairly typical for a large, federated model company.

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While SIFMA and American banks prefer a centralized approach with industry utilities like SWIFT and DTCC, others see advantages to a federated model.

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Would a federated model make it easier to avoid monopolistic practices?

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The federated model requires that you coordinate the individual local operating units and ensure they are consistent and that they are not duplicating information, and determining who has jurisdiction of what.

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The master model will likely be much more like a master data management system or a complex of federated queries that extract data that then may be used in a data mart for special purposes.

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