Quality Time for Counterparty Data

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The difficulty firms have understanding their exposure to their counterparties was one of the most serious problems highlighted during the financial crisis. It was demonstrated in dramatic fashion when Lehman Brothers collapsed in 2008 and it took market participants many months to understand their exposure to the bankrupt bank.

In the years since, regulations such as the Dodd-Frank Act in the US and the European Market Infrastructure Regulation in Europe have been developed to reduce counterpar

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