Data governance under the regulatory microscope
As regulatory scrutiny becomes more intrusive and demanding, energy trading firms need to make sure their control, governance and compliance functions are up to scratch and that their data is properly managed, up-to-date and available. Rakesh Singh and Prashanth VV set out some key criteria for sound risk management
Many energy trading firms with a global reach take ad hoc measures when dealing with data and reporting requirements. This article highlights the complexities and challenges faced by firms to consolidate their data and suggests setting up a governance office dedicated to data, compliance and reporting requirements. A subsequent article will detail some of the technical solutions to improve data consolidation and regulatory reporting.
Data: manage & consolidate
Data in the energy trading sector
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