RiskTech Forum

ClusterSeven: Regulatory Reports & Data Lineage

Posted: 6 January 2014

The delivery of regulatory reports has usually focused on the finished result.  The process of compiling all the data for the final document has received little senior attention – as long as the reports are issued on time.

This perspective is being overturned by recent regulatory documentation. Whether it is the 2012 consultation on Risk Data Aggregation by the Basel Committee, the April 2011 report by the Fed/OCC on Model Risk Governance or the 2012 FSA Solvency II findings on the IMAP (Internal Model Approval Process), the approach to regulatory supervision is changing. It is no longer good enough to ‘just’ produce the final report. Executives must attest to the figures and be able to demonstrate that the processes to produce reports are robust.

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