30 October 2012 6:40am

Banks have much further to go collate data in a timely manner to meet their internal risk management requirements, let alone the increasing demands for information from regulators.

Demand for this data may accelerate investment in meeting new standards for the consistency of data and also lead to a new class of skilled worker within banks.

An industry panel at the Sibos 2012 conference in Osaka yesterday agreed that managing data may affect investment priorities and even inform the long term strategy of a bank.

Simon Topping, a former UK banking regulator and now KPMG...