Regulatory insights and clarity on risk data regulation:
• Financial Stability Board: Data Gaps framework
• PRA Framework for risk data compliance
• Integrating work for BCBS 239, LEIs and the FDSF
• Regulatory roundtable: National interpretation of the Risk Data Aggregation and Reporting principles
Enhance aggregation and reporting capabilities within the bank:
• Achieving data aggregation across the group
• Practical steps to accuracy and integrity for data
• Reconciliation and control systems for data
• Developing an information delivery process
Build appropriate data governance frameworks:
• Educating the Board on current risk data practices
• Effective governance structures for risk data
• Reassuring the regulator over governance
• Delivering lean reporting for risk data
Overcome architectural challenges to leverage risk data for the business:
• Ensuring data lineage processes
• Investing in operating models for data
• Leveraging risk data within the bank
• Overcoming legacy architecture
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