London, 26 January 2017 – Globally, capital markets firms are coping with a rising tide of data but have very little budget with which to deal with it. And data aggregation, which effective risk management and reporting entails, requires a consistent manner of storing and managing data over time—a very difficult task for firms to manage across their entrenched operational silos and functionally specific data fiefdoms. In what ways are sell-side and buy-side firms approaching this challenge, and what goals are they hoping to achieve? How many chief data officers are on the scene and do they have enough clout to deal with the problems?
This Impact Report identifies challenges and opportunities faced by individuals involved in the data management function within capital markets firms against the background of regulatory and market structure change. It is based on Aite Group phone interviews conducted with operations and technology executives engaged in data management and data governance tasks at financial institutions across the globe.
This 38-page Impact Report contains 23 figures and one table. Clients of Aite Group’s Institutional Securities & Investments service can download this report, the corresponding charts, and the Executive Impact Deck.