Banks kept on their toes by dizzying data management regulations

Data management is becoming an increasingly pressing concern for most financial institutions, as bank regulations continue to shift around the globe, according to new research.

A report released last week by Wolters Kluwer’s Finance, Risk & Reporting, developed in conjunction with Risk.net, surveyed banks across the EMEA, APAC and North America regions to understand how financial institutions are approaching the complex area of data management, as regulations continue to evolve around data protection, ownership and sharing.

In its survey, Wolters Kluwer found that approximately 90 percent of banks say they have major concerns about data management. Only 10 percent said they were neutral on these concerns. Not a single bank said they had “no concerns” regarding data management.

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