The International Journal of Advanced Research Foundation (IJARF)
Bulks of financial institutions are not in a position to provide uniform and consistent risk information across the enterprise. There has been unprecedented level of regulation across Europe and America in the recent years to address risks and improve transparency in financial industry. Majority of the firms in capital markets are facing challenges from regulatory norms and the firms are expected to address inefficiencies of Reference Data Management (RDM). Reference data management started acquiring strategic priority, with new and revised regulatory proposals potentially redesigning of the ways in which reference data is acquired, processed and consumed by various stakeholders and users.