IT Advances Insufficient to Beat Compliance Challenges

Outsourcing reporting could create technological dependencies that could add to firms’ problems in the future.

Regulations-running-ahead-of-IT

Data quality remains a problem for the complex trade and transaction reporting requirements written into the plethora of new financial regulations, but some industry executives are seeing positive outcomes from reference data identifier systems. 

According to a JWG whitepaper, Regulatory reporting: time for a rethink, firms have progressed from the days of merely going through the motions when implementing compliance projects to now recognizing the benefits of upgrading legacy systems and

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