Data consolidation and regulatory reporting for energy firms
In their second article on data governance, Rakesh Singh and Prashanth VV set out the reporting options available to energy firms to manage growing volumes of data and demands for more information from regulators
Our previous article (Energy Risk, September 2010, pages 61–64, www.risk.net/1733987) highlighted the complexities and challenges faced by energy trading firms when dealing with data consolidation, regulatory reporting and analytics. It recommended firms should adopt a governance model based on a competency centre, which would set governance policies and standards, and monitor data collection, analysis and reporting across the entire organisation.
This poses key challenges on how to deal with
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