HSBC, Citi Contend With Standards Variations
Data managers that are attempting to achieve consistency when aggregating data from different sources are having to contend with multiple standards in their efforts.
Data standards improve the quality of data, says Cornelius Crowley, associate director of information standards in the Office of Financial Research (OFR) at the US Treasury. However, being able to reliably compare data requires analysis and aggregation of data, he adds. "The decisions you make really depend on how well you can
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