Dealing with data is key to compliance, banks find

New regulatory requirements mean pressure on aggregation

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. "One challenge is the need to design systems architecture to properly deal with the diverse data