Panel: Data Managers Need to Understand Risk to Meet Business Requirements

NEW YORK—There is no one-size-fits-all solution for managing data for risk management, according to speakers at the North American Financial Information Summit.

Panelists said precision is required since there is a lot at stake, but there may not be one solution that fits all businesses. Peter Serenita, global head of data management, HSBC, said the solution needs to fit with a firm's culture. "One size doesn't fit all," he said.

In addition, each application may have its own view of how risk is