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Guilty Until Proven Innocent: The Data Quality Imperative Underlying Recent Risk Management and Regulatory Requirements

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There seems to be a recurring refrain within a whole host of recent regulatory papers, including the MiFID Review, UCITS IV, Basel III, Solvency II or any number of UK Financial Services Authority (FSA) papers: references to accuracy, consistency, timeliness, reliability and completeness of data are present in all of them.

Reference Data Review speaks with Irving Henry, policy director for prudential, capital and risk at the British Bankers’ Association (BBA) and Colin Rickard, business development director for Europe at DataFlux, about the data quality aspects underlying these developments.

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