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Byline: peter williams
Cutting it
One of the many lessons slowly emerging from the horrendous dislocation in the financial services market is the value of information. When trust has broken down so comprehensively between counterparties in the financial markets, then individuals and companies need the facts as they battle to carry on doing business.
The speed with which events are moving highlights the inadequacy of the timeliness and relevance of much of the financial information that underpins vital credit and business decisions. Some information, such as foreign exchange rates and share prices, is available in near real-time, but the speed of availability of much financial information has not increased in decades.
The good news about corporate data is that it is seen as reliable, even if out of date. While more frequent reporting is the norm for the globe's biggest corporates, much of the action on the economy takes place in the medium and small sector. Executives there ...
Source: HighBeam Research, Cutting it.