Reg Compliance Not Main Driver for Risk Data Improvement, says JWG Survey

Carla Mangado
17 Feb 2011

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Regulatory compliance is not considered to be the sole driver behind the need to improve risk data in financial institutions, according to a survey carried out by regulatory think tank JWG released today. Only 32% of the 120 professionals, from more than 45 financial institutions, including suppliers and supervisors that took part in the survey, said regulatory compliance was a main factor behind this need. Meanwhile, a total of 90% said improving risk data is a priority for their firm and are

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