Ebook: Your data is an asset. Generate a return.
Our latest ebook takes a look at how regulation has shaped data governance, and now that the challenges have been over come, how that data can be turned into your greatest business asset. The book looks at four key areas:
- Taking control of business
- Boosting profitability and client performance
- Consolidating control
- A clear case for transparent reporting
You have the capability
Regulation has enforced the need for a single data governance regime, giving consistency and completeness of data.
“Risk data should be reconciled with the bank’s sources, including accounting data where appropriate, to ensure that the risk data is accurate. A bank should strive towards a single authoritative source for risk data per each type of risk.”
Basel Committee on Banking Supervision (BCBS) 239:‘Principles for effective risk data aggregation and risk reporting’ section 6 (c) and section 36 (d).
Regulation has made you stronger
Having mined and refined the data necessary to comply with regulation, it is time to make use of this new asset.
“Principles focusing on qualities such as ‘completeness’, ‘timeliness’, ‘adaptability’ and ‘accuracy’ can have different meanings, and potentially different metrics… However, this also presents an opportunity to interpret these principles in a manner that is both compliant and adds real business value.” Deloitte: BCBS 239 – A guide to assessing your
risk data aggregation strategies
Read more by downloading the ebook below: