Panelists Question Practicalities of Government-Run Ref Data Utility

Market participants are questioning if an industry-wide reference database, which has been proposed in the US Financial Reform Bill, represents a practical way forward to reduce the data challenge firms are facing, according to panelists at the SunGard New York City Day in New York.

The Bill includes a proposal to set up the Office of Financial Research (OFR), a data collection and analytics agency, which is expected to function as a reference data utility and result in additional reporting

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