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Banks, Insurance Companies and other financial services organizations continue to be pressed to meet internal and external information management challenges and evolving regulatory compliance challenges. Pursuant to new requirements that have emerged from the Basel Committee on Banking Supervision such as the Basel Risk Data Aggregation Principles (Basel RDA Principles), Financial Services organizations are focusing ever more on "Operationalization of Data Quality" to meet regulatory requirements from the FSA, OCC and FRB. Regulatory compliance requirements now mandate organizations to implement, capture and manage critical data elements, demonstrate data traceability and lineage, operationalize Data Quality and implement operational controls (Data Governance and Stewardship) focusing on information used in critical decision making.
This session will offer key insights to help you better understand these emerging regulatory compliance requirements and demonstrate how to leverage a business and IT metadata repository framework to address manage business semantics, data quality and data governance. A top 10 US Bank has successfully operationalized data quality leveraging the business and IT metadata repository framework and a summary of this business case and approach shall also be highlighted during the session.