A practical, informative guide to banks' major weakness
Legal Data for Banking defines the legal data domain in the context of
financial institutions, and describes how banks can leverage these
assets to optimise business lines and effectively manage risk. Legal
data is at the heart of post-2009 regulatory reform, and practitioners
need to deepen their grasp of legal data management in order to remain
compliant with new rules focusing on transparency in trade and risk
reporting. This book provides essential information for IT, project
management and data governance leaders, with detailed discussion of
current and best practices. Many banks are experiencing recurrent pain
points related to legal data management issues, so clear explanations of
the required processes, systems and strategic governance provide
immediately-relevant relief.
The recent financial crisis following the collapse of major banks had
roots in poor risk data management, and the regulators' unawareness of
accumulated systemic risk stemming from contractual obligations between
firms. To avoid repeating history, today's banks must be proactive in
legal data management; this book provides the critical knowledge
practitioners need to put the necessary systems and practices in place.
- Learn how current legal data management practices are hurting banks
- Understand the systems, structures and strategies required to manage
risk and optimise business lines
- Delve into the regulations surrounding risk aggregation, netting,
collateral enforceability and more
- Gain practical insight on legal data technology, systems and migration
The legal contracts between firms contain significant obligations that
underpin the financial markets; failing to recognise these terms as
valuable data assets means increased risk exposure and untapped business
lines. Legal Data for Banking provides critical information for the
banking industry, with actionable guidance for implementation.
