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5 Keys to Compliance: The Financial Services Regulatory Data Imperative

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Addressing the financial risk and compliance requirements of a financial services organization depends on a firm’s ability to master the lifecycles of its data structures in a highly transparent manner. This deck defines current internal and external regulatory data requirements, as well as tactics to address compliance while retaining shareholder value and optimizing internal and consultative resources.

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5 Keys to Compliance: The Financial Services Regulatory Data Imperative

  1. 1. ​ 5 Keys to Compliance ​ The Financial Services Regulatory Data Imperative
  2. 2. 22 ​ BCBS 239, CCAR, ​ Dodd-Frank & Solvency II ​ Requirements for transparency of data, ​ systems, policies, processes, and ​ documentation are more stringent than ever © 2015 Teradata Read full report
  3. 3. 33 all to manage risk, financial, capital and regulatory reporting and analysis © 2015 Teradata •  Transparent data processes •  Hardened infrastructure •  Existence of integrated data Organizations Must DEMONSTRATE: Read full report
  4. 4. 44 © 2015 Teradata 5 KEY Requirements for Success Read full report
  5. 5. 55 Strong data governance to exhibit planning, processes and oversight ​ . © 2015 Teradata #1 •  Management of Data Changes •  Documentation of Data Lineage •  Definition of Data Read full report
  6. 6. 6 Data quality and integrity that satisfies correct, accurate data is supplied #2 6 © 2015 Teradata •  Ensure data is fit for intended use •  Establish ongoing process, metrics and targets •  Aggregate risk and reporting to show accurate, reliable data quality process •  Contend with legacy silos and systems to ensure consistency and transparency Read full report
  7. 7. 7 Data models and analytics that ensure information is tied together properly #3 7 © 2015 Teradata •  What the data models are •  How data elements are defined •  How the flow of data is controlled •  How data is managed and used Read full report
  8. 8. 8 #4 8 © 2015 Teradata Data lineage to prove where and how data is created and touched throughout its lifecycle Read full report
  9. 9. 9 #4 9 © 2015 Teradata DATA LINEAGE Improve IT infrastructure so that more frequent data are available for certain risk areas (credit risk and liquidity risk) Process infrastructure improvements to reduce reliance on manual workarounds and automate aggregations Read full report
  10. 10. 10 #4 10 © 2015 Teradata Ensure integrated data taxonomies and dictionaries Simplify current IT architecture and data flows to streamline the aggregation process and enable quick aggregation of risk data Identify and define “data owners” to improve accountability DATA LINEAGE Read full report
  11. 11. 11 #5 11 Alignment of new internal and consultant resources to manage compliance of data requirements © 2015 Teradata • Compliance of data storage, flow, analytics and governance • Identification and oversight of risk gaps within financials and operations • Demonstration of remediation strategies Read full report
  12. 12. 1212 © 2015 Teradata • Reduce potential penalties • Reuse processes for other regulations • Boost consumer confidence • Free up audit preparation funding to pursue new innovation, products and services • Increase shareholder, investor value The BENEFITS of COMPLIANCE Read full report
  13. 13. 13 Read the full report: “Financial Services Regulatory Data Imperative: Framing the Data Management Requirements” Or visit Teradata.com/financialservices © 2015 Teradata There’s more to the story Read full report

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