Counterparty Data Governance Key to Reduce Risk

New York - Firms need to introduce counterparty data governance and processes to reduce counterparty risk and prepare for future crises, according to speakers at the North American Financial Information Summit in New York in May.

Panelists said firms first need to put in place governance and processes to ensure good counterparty data, then introduce good descriptions of incoming data. "Data is just going to explode in the next couple of years, and we have to put processes in place to manage it,"

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