Regulatory reform and data management: problems and benefits

Regulators' demands for more transparency are loading a heavy burden on to compliance, IT and operational risk teams at financial institutions. But collecting the data could have unforeseen benefits too. Alison Ebbage reports

More stringent regulatory demands for reporting and transparency mean that data management has moved to the top of the priority list for bank compliance teams. But far from being a series of onerous boxes to tick, the change also represents a unique opportunity to change the way that data is perceived and to recognise the benefits of good data management as a distinct area.

The need for such