Unified Metadata: Key to reliable, consistent information exchange between Banks and Regulators
- White Papers
- 05.05.2015 02:44 pm
With the constant introduction of newer and stricter Basel guidelines, the significance of data management has never been higher for banking institutions. As an outcome of the financial crisis, there have been massive changes in the regulatory requirements for compliance, risk management, operating efficiencies and customer relationship management among other areas. Business groups in Banks responsible for these requirements need accurate and quality data for effective decision making and the same data is viewed by different business groups differently. Imperative therefore that certain cardinal rules are observed for all data, i.e. content and purpose of the data, related business rules, ownership and administration, and location.