Related Articles
How Finalyse can help
Data governance framework and BCBS 239
Finalyse adopts a top-down methodology, where business needs drive the development of the Data Governance framework—ensuring alignment with strategic priorities.
Our tailored approach focuses on delivering a prioritized set of initiatives that maximize business value for both data and business owners. We have developed a suite of proprietary, ready-to-use tools that can be customized to suit the specific needs and context of any institution.
Prioritize your development strategies, align your Data Governance with BCBS 239 compliance and RDARR capabilities.
How does Finalyse address your challenges?
Prioritize Your Developments
We support your business owners in identifying high-impact areas for improvement, enabling the creation of a clear and value-driven set of development priorities.
Tailor-Fit Approach
Our toolkit is not tied to any specific application—it is ready to use and can be easily adapted to meet the unique needs of your institution.
Establish Data Governance Functions
We help your institution identify and implement the three key Data Governance functions to ensure alignment with BCBS 239 best practices
Define Internal KPIs to Strengthen Data Quality Controls and Governance Accountability
We assist in defining internal and regulatory reporting KPIs that are tailored to your Data Governance framework and aligned with your RACI matrices.
Enhance Your Data Governance and BCBS 239 Expertise
Our approach is designed to transfer deep knowledge of Data Governance, BCBS 239, and RDARR capabilities across your institution.
Risk Expertise Fueled by a Passion for Data
We combine Finalyse’s core risk competencies with a strong passion for data and both internal and regulatory reporting.
How does it work in practice?
From the first thematic review in 2016 on effective Risk Data Aggregation and Risk Reporting (RDARR) with on-site inspections (OSIs) at 25 significant institutions, to this day, ECB has concluded that no substantial nor timely progresses have been made to fully adhere to BCBS239 principles and achieve high standards within RDARR.
In response, ECB published in May 2024 a Guide which provides a clear list of 7 areas an institution should prioritize their multi-year roadmaps to achieve an effective RDARR.
ECB also included Data Governance and RDARR capabilities in their Supervisory Priorities for 2025-2027.
Finalyse Toolkit to address Data Governance and BCBS239 shortcomings in RDARR.
| BCBS239 ASSESSMENT TEMPLATE | Tailored questionnaire to assess the overall level of compliance to the BCBS239 principles for RDARR and Data Governance Framework within a Company |
| REPORTING INVENTORY | Clear overview of reports, associated responsibilities, relevant information ensuring accurate and consistent reporting by Data Owners. Assign clear ownerships and ensure sufficient scope of application of internal RDARR policies is accounted for |
| DATA MATURITY PROCESS ASSESSMENT | Assessment of the level of maturity for each reporting process. Key document to define a clear prioritization for Data Governance and RDARR related developments |
| DATA DICTIONARY | Structured data taxonomies to link IT and Business domains to reach an effective integrated data architecture and assure Data Lineage |
| DATA QUALITY CONTROL INVENTORY | Comprehensive guide to manage Data Quality Controls and link them to the Data Dictionaries elements. Ensure that controls are linked to formalized KPIs for internal Data Quality Monitoring by Senior Management |
| EUC SCORING TEMPLATE | Data Governance tool designed to evaluate the risks posed by EUCs enabling effective mitigation strategies of potential security risks |
Key Features
Establish Data Governance and RDARR Capabilities. We help align your institution with BCBS 239 principles and industry best practices by building robust Data Governance and RDARR frameworks.
A Value-Driven, Pragmatic Approach. Finalyse focuses on maximizing value by prioritizing initiatives based on your organization’s budget and structural constraints.
Flexible and Customizable Toolkit. Our Toolkit is designed to meet the needs of any institution. Each tool can be tailored to align with your specific goals and operational realities.
Ready-to-Deploy Solutions. Our Toolkit is operational from day one, accelerating your journey toward BCBS 239 and RDARR compliance.
Knowledge Transfer to Empower Your Teams. Our mission is to share expertise on Data Governance, RDARR supervisory expectations, and best practices—empowering your teams and strengthening your compliance journey.
Expertise in Risk Data Management and Reporting. Finalyse consultants bring deep risk knowledge and a passion for data. They collaborate closely with your Data and IT teams to translate business requirements into actionable, high-impact deliverables.
Manfredo is a Managing Risk Consultant in Finalyse Brussels. He is an expert in Regulatory Calculations and Reporting in the financial sector; he worked in both Banking and Insurance business. He has wide experience with Pillar I (Solvency 2, CRR/CRD IV) and Pillar III solutions (QRTs, COREP, Pillar 3). Manfredo has extensive experience in migration projects and implementation of business driven ambitions within IT integrated architectures. Manfredo has deep knowledge of BCBC239 principles and the RDARR capabilities with a focus on Data Governance. He is a Product Owner and a certified SAFe Agile Scrum Master.
Through his consultancy career, Thomas has developed a sharp expertise in financial products, data quality, processes and (regulatory) reporting. He has gained thorough experience in data modelling techniques and reporting tools when building Data Warehouse / Datamart projects & Reporting Framework for the Market Risk & ALM departments of several banking institutions. He developed a strong experience in BCBS 239 implementation projects, tackling data quality issues and putting in place data governance framework.
Hugo is a Principal Consultant in Finalyse Brussels. He has a wide knowledge and expertise in financial products, valuation algorithms, reporting and regulatory issues. He combines in depth knowledge of banking financial risks and regulations with a wide understanding of the data, IT infrastructure and processes underneath. Hugo has been involved in multiple Risk and Regulatory Reporting implementation projects such as RWA calculation for credit risk, EAD calculation under SACCR, automation of internal reports for ALM and implementation of data governance to comply with BCBS239. Hugo is an experienced Agile project manager who stands-out for his dynamism, adaptability and interpersonal skills.
Annapoorna is an expert in Data Management, Regulatory Reporting, Regulatory Compliance & Product Management.
She has extensive experience in understanding reporting regulations, functional translation into data model as well as BCBS 239. She was also involved in preparation of regulatory reports such as FINREP & LCR.
Annapoorna is currently part of KBC Group Treasury Rainbow program as a business analyst which aims at migrating and centralising the existing risk infrastructure of the group to achieve compliance with the current EU regulations.
Finalyse InsuranceFinalyse offers specialized consulting for insurance and pension sectors, focusing on risk management, actuarial modeling, and regulatory compliance. Their services include Solvency II support, IFRS 17 implementation, and climate risk assessments, ensuring robust frameworks and regulatory alignment for institutions. |
Trending Services
Risk Data Analyser
#Regtech
#DigitalTransformation
Risk Appetite Framework for Insurance
#RiskAppetite
#InsuranceRisk
IFRS 17 implementation
#IFRS17
#InsuranceAccounting
Finalyse BankingFinalyse leverages 35+ years of banking expertise to guide you through regulatory challenges with tailored risk solutions. |
Trending Services
AI Fairness Assessment
#ResponsibleAI
#AIFairnessAssessment
CRR3 Validation Toolkit
#CRR3Validation
#RWAStandardizedApproach
FRTB
#FRTBCompliance
#MarketRiskManagement
Finalyse ValuationValuing complex products is both costly and demanding, requiring quality data, advanced models, and expert support. Finalyse Valuation Services are tailored to client needs, ensuring transparency and ongoing collaboration. Our experts analyse and reconcile counterparty prices to explain and document any differences. |
Trending Services
Independent valuation of OTC and structured products
#IndependentValuation
#StructuredProductsValuation
Value at Risk (VaR) Calculation Service
#VaRCalculation
#RiskManagementOutsourcing
EMIR and SFTR Reporting Services
#EMIRSFTRReporting
#SecuritiesFinancingRegulation
Finalyse PublicationsDiscover Finalyse writings, written for you by our experienced consultants, read whitepapers, our RegBrief and blog articles to stay ahead of the trends in the Banking, Insurance and Managed Services world |
Blog
Finalyse’s take on risk-mitigation techniques and the regulatory requirements that they address
Regulatory Brief
A regularly updated catalogue of key financial policy changes, focusing on risk management, reporting, governance, accounting, and trading
Materials
Read Finalyse whitepapers and research materials on trending subjects
Latest Blog Articles
Contents of a Recovery Plan: What European Insurers Can Learn From the Irish Experience (Part 2 of 2)
Contents of a Recovery Plan: What European Insurers Can Learn From the Irish Experience (Part 1 of 2)
Rethinking 'Risk-Free': Managing the Hidden Risks in Long- and Short-Term Insurance Liabilities
About FinalyseOur aim is to support our clients incorporating changes and innovations in valuation, risk and compliance. We share the ambition to contribute to a sustainable and resilient financial system. Facing these extraordinary challenges is what drives us every day. |
Finalyse CareersUnlock your potential with Finalyse: as risk management pioneers with over 35 years of experience, we provide advisory services and empower clients in making informed decisions. Our mission is to support them in adapting to changes and innovations, contributing to a sustainable and resilient financial system. |
Our Team
Get to know our diverse and multicultural teams, committed to bring new ideas
Why Finalyse
We combine growing fintech expertise, ownership, and a passion for tailored solutions to make a real impact
Career Path
Discover our three business lines and the expert teams delivering smart, reliable support