London, 9 April 2015 – Regulatory and risk management transparency requirements, market structure change, and changing business dynamics have compelled firms to re-evaluate their treatment of client and counterparty data. Capital markets’ move toward client-centricity and a barrage of new regulations that include significant legal entity data requirements are inducing firms to construct single views of clients and counterparties across their enterprises, but moving from a siloed data architecture to one that supports legal entity data in a holistic manner is not without its challenges.
This study, based on 2014 and 2015 Aite Group surveys conducted with market participants representing financial institutions in North America and Europe, examines firms’ current challenges in managing client data in the legacy environment, highlighting areas of particular pain across the enterprise and how firms are tackling these challenges.
This 48-page Impact Report contains 37 figures. Clients of Aite Group’s Institutional Securities & Investments service can download this report.