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But How do I Know I can Trust the Data? |
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A Briefing Paper outlining the four key data issues behind the reasons why Risk Managers need trusted data for their to do their jobs effectively.
- Cleanliness and Timeliness of data -- for accurate data analysis.
- Data Consolidation and Referencing -- bringing together relevant data from across the organisation.
- Data Collection for Risk Analysis -- to performcentral risk analysis, financial accounting , audit and research on an enterprise-wide basis.
- Timely -- the need to have the right data at the right time.
Risk exists and banks must accept risk if they are to thrive and meet an economy's needs. But they must manage the risks nd recognize them as real. If risks are not controlled or even ignored -- they can burst onto the scene with very public consequences.
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