At the epicentre of financial services risk management and regulatory compliance is the joining together of data from a wide range of information silos, departments, product lines, customers and risk categories.
Risk and finance sit at the end of this chain, examining these data threads, uncovering issues and spotting patterns. This is where many organisations can run into difficulties, as they are unable to resolve the huge data integration tasks involved.
Ultimately, without good data management, obtaining the right information to provide to regulators is akin to fishing in clouded waters - there will always be uncertainty as to the resulting catch (and its quality).
In this new white paper from Asset Control, Martijn Groot uncovers the various elements of FRTB that pose the biggest problems and challenges to financial institutions over the next few years, including breaking down the major changes that need to be addressed.