JWG risk data survey shows firms slow to respond to regulation

A survey carried out by independent think-tank JWG has found that risk data quality processes are not being actively reviewed by global financial services organisations. JWG surveyed 20 risk, data and finance professionals in 16 global firms and found 100% of the respondents believed risk data quality is an important issue, yet fewer than half said their firm's business and risks are aligned.

Only 22% of respondents strongly agreed sufficient resources and personnel have been allocated to risk

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