Panel: Only Continued Due Diligence Will Ensure Quality Evaluations

Banks and asset managers must be prepared to review and assess data vendors and their content on a regular basis throughout the life of a relationship between a firm and vendor, rather than just when contracts are signed, to ensure accurate evaluated prices and underlying data quality, and to guarantee that quality does not degrade once the pressure of the economic crisis is lifted, warned panelists at last week’s Frankfurt Financial Information Summit.

“At the beginning, you look at what