The current focus on new regulations, and their impact on risk management practices, has turned the attention of financial institutions to data. It is increasingly evident that accurate and consistent data is key both to compliance with incoming regulations and to reaping the benefits of a robust risk management strategy.
Business managers have come to the realization that data is an asset that can be turned into a strategic advantage. By tapping into their data assets, savvy business heads are transforming what was once the long-forgotten poor stepchild of the financial enterprise into a weapon that can be wielded to boost profits, streamline operational processes and meet the stringent needs of new regulation, whatever shape it eventually takes.
Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate about data quality across the financial services business, in light of incoming regulations such as Basel III and the Alternative Investment Fund Managers Directive (AIFMD). Whether it is related to risk management, pricing, trading or reporting, firms need to be able to stand behind their numbers.
Free white paper, authored by the London Stock Exchange Group
This webinar and white paper answers the question: 
