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Sanctioned securities a growing concern in data management at PBs: SIX

Data management in private banking has grown increasingly convoluted and covers a wider range of aspects than before. One of the concerns, sparked by heightened geopolitical risks, is the constantly changing list of sanctioned securities. “Private banks were largely aware of the issue of sanctioned securities monitoring and their sanction exposure,” explained Neil Thomas, head of Asia at SIX to…

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