As financial institutions fight to survive in the post credit crunch climate, they are reviewing the serious challenges they face as they come to grips with new priorities in risk management across the enterprise. No longer just a middle office function, risk management is becoming the heart of financial institutions, driving business practices and governing the future direction of the industry.

To build accurate, representative picture of a firm’s risk exposure, firms are employing a hierarchy of measures that require new data items and sources, more timely data, and reengineering of data management solutions. Much of this data may be already maintained within the firm, but political and technological barriers have kept its management siloed, controlled by different fiefdoms. Recent events have highlighted the danger of not tackling the risk management challenge.

A-Team Group surveyed senior managers in Tier 1 and Tier 2 banks and broker/dealers to understand how data management processes are evolving to meet new risk management challenges, who is driving change within the institutions, and what are they looking for from their data and data management suppliers to help them meet these challenges. Our findings are contained within this in-depth report, which you can download free below.

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