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RSS FeedsAdvice in response to JC Discussion Paper on the Use of Big Data by Financial Institutions
(WorldNews Politics)

 
 

25 april 2017 23:08:32

 
Advice in response to JC Discussion Paper on the Use of Big Data by Financial Institutions
(WorldNews Politics)
 


Securities and Markets Stakeholder Group Date: 7 April 2017 ESMA22-106-196 ADVICE TO JC High-level response to JC Discussion Paper 2016 86 on the Use of Big Data by Financial Institutions The SMSG`s overall view of the Big Data phenomenon is consistent with the analysis of its poten- tial benefits and risks identified in the JC Discussion Paper. The use of Big Data by financial in- stitutions has the undisputed potential to improve the variety and quality of service provision; at the same time, the increasing use of Big Data entails a set of investor protection risks which calls for a close monitoring by supervisors. Nevertheless, the SMGS would like to suggest additional items that account...


 
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