Risk Data Silos Still Cause Issues, Survey Finds

Risk departments are becoming bigger on both the buy- and sell-sides. That much is inarguable, and although they were once the black sheep of the budgetary program, that too is beginning to change as their function within investment firms becomes more centralized at all levels. A recent survey of ten tier one and two multinational banks across Europe by IDC Financial Insights, consolidated into a paper produced with Sybase, though, has found that although risk is increasing in importance