ADGM FSRA Information Technology Risk Management Guidance (VER01.201124) 8.1: Establish data governance structures with a senior executive accountable for each dataset, competent data managers and approved, reviewed deviations

What does 8.1 require?

Structures or mechanisms such as data governance policies, a dedicated function with an appointed senior executive, or a cross-functional committee maintain oversight and control of growing datasets and are integrated into the risk management framework; accountability for each dataset is assigned to a responsible senior executive who ensures it is managed under the policies, including access rights across systems; competent staff manage datasets day to day including technical lifecycle controls; and deviations from the framework are approved at the right level with mitigating actions and regularly reviewed.