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09-09-2015 | POINT OF VIEW
Risk Data: Fixing the sins of the past

ENRICHING YOUR EXISTING DATA WILL IMPROVE DECISION MAKING AND INCREASE ASSET PRICING ACCURACY

In post-crisis financial services, the regulatory authorities are working towards a situation in which they can expect to receive accurate and verified data from supervised firms within extremely short time frames. Even before regulators reach this new nirvana executive management will already expect the near instant turnaround of information to satisfy their new accountabilities under the Senior Managers Regime. However, it is impossible to satisfy these inevitable demands for information unless the underlying data on your asset portfolios is readily available.

Until now, financial institutions have typically only captured data about their assets that regulators or senior management have previously asked them to report. Now, as firms implement regulations like BCBS 239 and IFRS 9, with new requests on the horizon – AnaCredit – managers and supervisors seem to expect an “any question answered” service from banks’ databases. Unprecedented regulatory scrutiny, as well as the need to run leaner, more capital-efficient balance sheets, means the case for remediating asset-level data has never been more compelling.

Parker Fitzgerald Director, Ashley Bragg, says “quality data is a key driver of external market pricing – it could be the difference between being offered 95p or par for a billion pound loan
portfolio”.

DATA REMEDIATION: Fixing the sins of the past




For more information contact:

Ashley Bragg (temp)
Ashley Bragg
Director
Email: abragg@pfg.uk.com
Phone: +44 (0) 207 100 7575

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