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FIMA 2008 Speaker Q&A: Michael Eldridge, Head of European Operations Control, WestLB

What do the FIMA events represent to the data management community – why do people choose to attend?
I believe that the comprehensive overview and in-depth perspective given at the FIMA events enables a data management practitioner to benchmark and enhance his or her own experience.

How have current market events impacted the data management community? Have data management projects suffered as a result of IT budget cutting?
I believe that the current market events have highlighted the need and importance of high quality data management within the finance and ratings agency industry. A result of this is the belief that the industry will be more at the eye of investment decisions.

What are the likely hot topics for this year’s event in your opinion?
Data quality, data scope and the timeliness and flexibility of data management.

Has the increased regulatory focus on areas such as counterparty risk and fair value accounting impacted the data management industry?
In one core way: stretched it!

In what ways could the providers of data and data management technology better support financial institutions in their data management goals?
They should anticipate market scenarios that enable the financial institutions to manage crises scenarios timely and accurately.

What are the new challenges facing the industry in the data management space and how can these be overcome?
One challenge is regulatory change and the industry must stay on top of regulatory discussion: anticipate the changes. Others are the cost and the time to market for solutions and the industry needs to deliver plug and play solutions to overcome these.

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