In the news: Kaizen speaks to Global Risk Regulator about MiFID II data quality
Our CEO Dario Crispini spoke to Justin Pugsley at Global Risk Regulator about his concerns for data quality in the lead up to MiFID II go-live.
“Some of that data is of poor quality due to different processes and formats within a bank’s systems and due to different ways of interpreting it. Then there’s an issue of knowing which parts of it are wrong,” Dario told Justin.
Meanwhile, regulators are collecting vast quantities of this data and could draw misleading impressions of what’s going on in the markets. “This can raise red flags for an issue that might not exist,” he said.
Read the full article here.