Risk mitigation is the key driver for change in the current economic climate and the better management of entity data plays a significant part in this. The emergence of golden copy logic and enterprise data management in the entity data space is a positive step forwards for the industry.

Regulators have been pushing hard to get market participants to focus on harnessing appropriate industry infrastructure and technology to gain efficiency in the OTC derivatives processing area. The length of time it takes to clear trades is still too long leaving counterparty risk exposure across the industry too high. To enable an adequately rapid and low-risk response to the challenges of managing complex structured products, nstitutions need robust fit-for-purpose systems based on a centralised, comprehensive financial model that is adaptable to new requirements and that supports very high speed-to-market.