Wolters Kluwer: Data Management – a Finance, Risk and Regulatory perspective
Source: Wolters Kluwer
With financial institutions acquiring international businesses – whether through mergers-and-acquisitions activity or organic growth – cross- border trading and investment has become the norm. But with it comes a new level of complexity, as firms grapple to deal with multiple regulatory regimes, market conventions and business definitions.
On top of this, the changing regulatory landscape is creating new demands, which translates into multi-speed compliance for firms operating across borders. Keeping abreast of the business – from finance, risk and regulatory perspectives – has never been more challenging.
The finance, risk and compliance operations of any financial institution need nimble access to business information, for performance measurement, risk management, and client and regulatory reporting. But although the underlying data may be the same, their individual requirements are different, reflecting the group-level view required by senior management and regulators, and the more operational view at the individual business level.
This webinar examines the challenges facing financial institutions operating across borders with respect to ensuring data consistency and usability across multiple types of user. It looks at some of the specific issues presented by the different needs of the various user constituencies within a firm, and offers some guidance with respect to best practices for developing a data management solution that can ensure consistent data across the enterprise.