With another major regulatory reform bearing down on the financial services industry, organizations are realizing that a one-size-fits-all data reporting solution is out of reach. However, with the right approach, firms have the opportunity to become more nimble around the growing list of regulations and gain a leg up on their competitors.
Since 2008, various regulatory bodies have unleashed new rules and altered existing regulations to facilitate greater trade and transaction transparency, accountability and risk management. This constant state of flux coupled with the larger burden placed on trading firms has created a complex reporting environment lacking any semblance of standardization.
As you expand into different geographies, jurisdictions and asset classes, how will your organization handle the many different data requirements?