Data Readiness Under Dodd-Frank
Of all the new regulatory challenges for financial firms’ data departments, the Dodd-Frank Act and the legal entity identifier (LEI) standard the legislation spawned are causing the greatest concern, according to both panelists and participants in the webcast.
Dodd-Frank garnered 63% of the votes in a poll question that also named Basel III, Solvency II and MiFID as other regulations of concern (figure 1). Respondents to another question said the LEI was very important (62%) to compliance with
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