LONDON, January 24, 2011 /PRNewswire/ -- Following an A-TeamGroup survey investigating drivers for risk management initiatives, GoldenSourceCorporation, a leading provider of Enterprise Data Management (EDM) solutions, will participate in a webinar examining the implications of the results for financial institutions. The 'Current State of Risk Data Quality' webinar on Thursday, 27th January will discuss what the main drivers for risk management are today, where the biggest challenges lie, and which areas of regulation are having the biggest impact on data-related risk initiatives.
As regulators finalize the adequacy rules of Basel III and Solvency II, the industry needs to improve data and risk management practices in anticipation of the upcoming changes. Regulators are demanding increased transparency,enhanced reporting, and an integrated risk management framework - all of which requires higher quality data than financial institutions have traditionally maintained.
The webinar will question who is responsible for the management of data used in risk calculations, and what types of data integration and cleansing will be required to improve their quality. It will also discuss which areas of risk financial institutions are focusing on to improve their risk-related data and ensure compliance with new reporting demands.
Steve Engdahl, SVP ofProduct Strategy at GoldenSource, along with panelists representing the A-Team Group and risk consultancy InteDelta, will explore the likely impact regulations will have on data processes, and the changes they will necessitate to existing infrastructure. To sign up for the webinar and submit your queries to Steve, please go to http://www.a-teamgroup.com/webinar/risk-data-quality/.
Steve will also be available for press interviews prior to and after the webinar.
GoldenSource makes it easy to manage critical reference and market data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry.
Our innovative products are designed to create, maintain and distribute a trusted golden copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organise and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals. GoldenSource solutions are used by forward-looking banks, brokers, investment managers and service providers to reconcile tactical departmental goals and strategic enterprise objectives.
A proven supplier of on premises EDM solutions to the world's largest financial institutions, GoldenSource also powers managed data services via the innovative Powered by GoldenSource(TM) program.
For more information, visit: http://www.thegoldensource.com
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