Volume of regulatory data a challenge for firms, experts say
Regulators need “right tools” to extract value from high volumes of data
Regulators must ensure they make use of the data provided to them by financial firms, speakers on an expert panel said today (April 19).
Since the financial crisis, a switch to risk-based supervision and reporting has led regulators to ask financial firms to provide increasingly large amounts of qualitative and quantitative data.
“Regulators must ensure they are making use of the data being provided,” said Justin McCarthy, chairman of the Professional Risk Managers’ International Association
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