Data-Driven Regulators: Handling the Uptick in Regulatory Reporting
With the abundance of existing and new reporting obligations to comply with, how can regulators hope to be able to handle the volumes of data they now receive?
The Loch Ness Monster, the Bermuda Triangle, regulators that actually do anything with all the data they now demand from financial firms: all myths, or is there an element of truth? Do regulators really collect massive amounts of new data, rubber-stamp them, then lock them away deep in a JRR Tolkien-inspired mountain dungeon, never to be seen again?
Firms grappling with the challenges of collecting and submitting the volumes of data mandated by regulators might be forgiven for believing that
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