![]() MiFID II covers nearly the entire universe of financial instruments.ĭata risk is an increasing problem in the financial industry due to the number of processes data is exposed to between its source and its target destinations. ![]() All firms must implement a robust and flexible solution for data validation and reconciliation. ![]() You can contact him at International laws require data reconciliation and lineageĮuropean Union (EU) law requires that all financial firms conduct regular reconciliations of their front office records against financial databases and data integrations reported to EU regulators.ĭue to the EU obligations under MiFID II, (i.e., the EU Markets in Financial Instruments Directive 2004), significant data risk is inherent in the process of data integration and reporting that could result in possible loss of BI “decision integrity”. He continues to lead numerous ETL testing and coaching projects on a consulting basis. Additionally, Wayne has taught IIST (International Institute of Software Testing) courses on data warehouse, ETL, and data integration testing. Morgan Chase, Credit Suisse, Standard and Poor’s, AIG, Oppenheimer Funds, IBM, and Achieve3000. Editor’s note: Wayne Yaddow is an independent consultant with over 20 years’ experience leading data migration/integration/ETL testing projects at organizations including J.P. ![]()
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