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Three in five financial institutions cannot perform real-time reconciliation because they haven’t started working on it for any of their asset classes, according to a recent survey. And they don’t think they’ll be ready to start work on this regulation-essential project before the end of next year, stated the survey by London-based software solutions provider Gresham Computing.
Impending regulatory regimes, such as the Dodd-Frank Act and Basel III, could soon require....
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