A financial institution is implementing a new data governance framework. What should be the primary focus to ensure compliance with international financial regulations?
- Conducting periodic data backups
- Enhancing data visualization tools
- Establishing data lineage and traceability
- Implementing data encryption techniques
Establishing data lineage and traceability should be the primary focus to ensure compliance with international financial regulations. This involves documenting the origin and movement of data throughout its lifecycle, ensuring transparency and accountability in data handling processes, which is crucial for regulatory compliance.
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