Suriya is a partner of Experian and a Financial Services Data Management Consultant specialising in existing regulations with vast experience in the Financial Services industry. The part of his job he enjoys most is “selling” the benefits of data management to a wider audience.
Banks and Financial Institutions are by now well versed with submissions to regulators both national regulators and to European Central Bank. However the launch of Anacredit regulations, brings a new dawn to the granular level of submissions to the regulators. In a nutshell, Anacredit is applicable for all institutions which has more than EUR25,000 credit risk exposure to a counterparty. No other regulation by ECB has mandated such a granular level of data requirement by financial institutions.