Contractual meta-data has often been overlooked. It is challenging for firms to identify the critical data elements that firms rely upon to accurately represent the lifecycle events and to make appropriate determinations based upon it.
As the industry has had to confront a myriad of regulatory changes such as: MIFID II, GDPR, MRUD, BCBS239, and QFC, firms have been confronted by the deficiencies of their legacy data constraining their ability to accurately represent their position.
Frequently this has resulted in an analysis of legacy documentation which is highly manual in nature, therefore expensive repapering exercises which give rise to operational and legal risk.
To provide the level of certainty and clarity around the contractual obligations and business outcomes, D2LT engages with client to design and implement legal data domains to facilitate enhanced legal data management/governance.