Traditionally and by necessity, back-office data has paved the way for a focus on data governance. To ensure inter-establishment as well as cross-border settlements and deliveries of securities or cash, accounting, and regulatory reporting, it is essential for financial institutions to govern their data and establish appropriate standards.
However, less is talked about governance applied to front-office data. What, then, about this data? What does it consist of? What are the challenges and issues? And how can this data be governed?
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