A data-driven era: Optimising data strategies to achieve regulatory compliance

The Panel

• James Stewart, Managing director, Asia-Pacific, Wolters Kluwer
• Prashant Joshi, Regulatory affairs independent consultant
• Kishore Kumar Ramakrishnan, Risk services industry expert, PwC
• Karthik Rajaraman, Banking data professional
• Moderator: Afiq Isa, Staff writer, risk management desk, Risk.net

For years, companies and management boards have been able to rely on static reports submitted at a specific time and in the correct format. New regulatory requirements have led to an increased demand for more detailed and granular data to provide better insights to regulators and senior management.

Legacy systems and siloed data sources make it difficult for firms to handle the diversity of data needed for financial and risk analysis and regulatory reporting. These systems can be costly and inefficient to run, ultimately preventing meaningful and timely change – a challenge that is exacerbated by today’s heightened regulatory environment.

With successful data strategies consuming considerable resources, it is critical for firms to minimise costs. At the same time, however, firms must ensure the integrity, quality and accessibility of their data so they can stay ahead of the evolving regulatory landscape.

In this webinar, industry experts discuss:

• Issues and challenges facing legacy systems
• Leveraging data analytics to turn compliance challenges into opportunities
• Strengthening organisations’ risk data aggregation capabilities and internal risk reporting practices with a holistic approach
• Moving from data acquisition to information delivery – getting data lineage right to achieve regulatory compliance
• How organisations can leverage emerging technologies to bridge data gaps
• Key success factors in data operations

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