In this spooky season of vampires, witches and scary clowns, we’d like to add one more to the mix – data quality nightmares – which can be more frightful than a marathon of.
Data Quality Nightmares: Duplicate data, Missing or incomplete data, Incorrect or inconsistent data, Too much data, Lack of data quality resources. important for success in so many areas of organization, Communicating effectively with core constituencies, planning events.
Data Cleaning is needed for law firm CRM systems, lawyers and law firm clients are constantly changing roles, companies are closing, merging, bad data can result in ineffective marketing, events and communication campaigns because as your data degrades, you reach fewer members of your target audience
Bad CRM data can compound exponentially, impacting marketing and business development. It’s essential to understand the scope of your data problems and follow a plan for regular data.
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Recent regulatory developments of interest to all financial institutions. See also sector specific updates in the Related Materials links.
Contents
Sanctions Regulations (EU Exit) (Commencement) Regulations 2020
UK financial services overseas framework: HM Treasury call for evidence
BoE Financial Stability Report and FPC summary and record
SMCR implementation: PRA evaluation
UK Investment Firms Prudential Regime: FCA CP20/24
FCA Handbook Notice 83
FOS consults on plans and budget for 2021/22
FOS Ombudsman News 156
IFD: EBA consults on draft guidelines on internal governance
IFD: EBA consults on draft guidelines on soundremuneration policies
IFR and IFD: EBA final report on draft RTS on prudential requirements