Business Entity Data special report

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A Concept without Funding?

Business entity data has been in the limelight ever since the fall of Lehman. While few data management projects secured funding this year, business entity data initiatives have still remained on the agenda. In fact, at Inside Reference Data's European Financial Information Summit in London, almost 50% of data consumers said current programs are expected to significantly improve counterparty data management this year or next year.

Although few said the initiatives had board-level sponsorship, the understanding of data management is rapidly improving. In a poll at the event, participants were asked about the meaning of pro-active data management, and close to 80% recognized that pro-active data management constitutes everything from having a data management policy to having the ability to reflect real-time changes in the data. It is now all about converting this understanding, which many claim has percolated up to senior management, to real funding for projects.

As 33% still say they do not expect any significant improvement of counterparty data
management in the near future, it is obvious a large number of firms are yet to wake up to the reality of the work required to collect and maintain data on clients and entities.

In this 2009 Business Entity Data Special Report, which includes comments from
industry experts and a news review, we hope to provide readers with an insight into
the latest developments in the enterprise data management world. And if you find this
interesting, we also hope you will want to join us for the Inside Reference Data Integrated Data Management web cast on Wednesday, October 14.

Click here to download the PDF