Dealing with data is key to compliance, banks find
Collecting, aggregating and passing on data to regulators is becoming a central challenge for op risk managers in the face of new regulatory requirements
A tide of regulations is presenting challenges for banks, asset management firms, and other capital markets participants, who must aggregate trading positions, balance sheet data, and operational risk data for reporting purposes.
"There are many challenges banks and other financial institutions face in risk data aggregation," says Ed Hida, global risk and capital management leader at Deloitte.
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