Standard data models in financial institutions
8. Which standard data model do you use for managing your reference data?
Contrary to what might have been expected these days, standard data models seem to lose importance: In 2008 22% of the survey participants underlined the relevance of ISO 15022 while in 2009 this percentage has gone down to 15%. The same is true of the MDDL standard data model. As the final results indicate, companies prefer to rely on their own data model and still a very high number states to have no data model in use.
Which regulatory requirements do you consider as driving forces for reference data automation?
Results 2008
FINAL RESULTS OF THE AIM GLOBAL REFERENCE DATA AND RISK MANAGEMENT SURVEY 2011 AVAILABLE NOW
