What measures to stimulate the development

of data management systems for financial market consider the number of devices participants by the Bank of Russia could be effective?

— There are several measures that can stimulate financial market participants to develop data management and produce an effect in the foreseeable future. Not all of them depend entirely on the Bank of Russia, and here are some important points:

Management must be involv in setting

the task. The requirements of senior management are critical at all stages of the development of the data management system;
to improve the efficiency of data processing processes, it would be possible to use templates of organizational and administrative documentation on data, standard methods, organize an exchange of experience, etc. I

Order to spe up the implementation

of technologies for managing these market participants, the Bank build sms marketing campaigns with strong brand messaging of Russia is ready to consolidate and provide recommendations on the requirements for such technologies. And here the ao lists  principle of “reasonable sufficiency” is extremely important;
Companies ne to train their employees more intensively to improve their knowlge and skills in data management.

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