How much does it cost an organization to manage reference data in a market with ever-changing demands on risk and regulation? That is the question for financial institutions in 2012.
With a turbulent economic environment, firms are under pressure to improve efficiencies, cut costs and comply with new regulatory requirements. To meet these changing demands, firms increasingly need to assess alternative operating models, reviewing opportunities for outsourcing reference data management or adopting new technology.
An exclusive WatersTechnology survey of senior data management decision-makers in international financial institutions reveals that the majority of firms need to reduce reference data management operational budgets in the coming years by at least 5% of their current spend, and close to one in six of these firms plan to reduce it by more than 20%.
More from Inside Reference Data
Updating your subscription status
NOW OPEN -- Inside Reference Data Awards 2014
Call-for-entry and voting are now open for the 12th annual Inside Reference Data Awards 2014, which take place in New York on May 21. For more details of the criteria across the call-for-entry and voting categories that recognize industry excellence within market data and reference data click here.
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....
We have truly entered the Age of Bring Your Own Device, or BYOD. And as with every new era fuelled by innovation, the new challenges are screaming for...