Risk Reduction Isn't Just Semantics

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Reduce risk, increase transparency, promote market integrity. This is the new normal for the financial industry as it comes to grips with stricter regulations and the need for better data governance. A major stumbling block in overcoming these challenges is breaching the “semantic barrier,” whereby the meaning of a term and its referent aligns with the concept in our minds.

Unfortunately, within large organizations, much less across an industry, intended meaning often exists as “tribal knowledge

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