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Data management – keeping the financial market airborne

Martijn Groot

In this new era of stress testing, how many financial institutions risk being grounded by the financial equivalent of air traffic control for failing to meet the challenging new risk requirements?

The production of risk and stress data is no longer a one off risk management exercise – it has to be anchored in core operations – but few financial institutions have amended their data management strategies accordingly.

The truth is that new data reporting requirements are the final push for organisations that have resisted the need to radically overhaul strategies.

From stress testing to meeting evolving client demands, institutions must attain control over the huge volumes of data – from historical to real time – now required both operationally within the back office and within the mid-office risk team…

Read the full article on Data Management Review