A European banking group moves regulatory reporting to a new integrated data architecture with Finalyse

Client

Large banking group in Europe

Keywords

• BCBS 239 / RDARR
• Regulatory reporting
• Data lineage and data quality

Context

Since 2019, Finalyse has supported a large European banking group in a program to redesign its risk data aggregation and risk reporting (RDARR) capability from scratch, for the group and all its entities. The goal is an automated, end-to-end solution for regulatory and internal reporting across credit risk, market risk, ALM, liquidity, finance and ESG.

Finalyse has been involved from day one, from designing the first data element of the MVP to the program it is today. The program now covers both a live scope (Basel IV, SA-CCR, CSRD, Pillar 3) and a new scope being migrated to the new architecture (IRRBB, LIQREP, FINREP). Today, 15 Finalyse consultants are involved, across three areas:

• Program leadership: Three Finalyse consultants act as product owners and team leads for market risk, credit risk and ESG/CSRD. Each leads a team of 15+ FTEs migrating regulatory reporting production to the group’s new integrated data architecture.
• Business and data requirements: Finalyse defines the business requirements for each epic and works with the data teams to make sure they are correctly implemented in the IT data architecture, data lineage and data quality checks. Finalyse consultants also document data lineage and the metadata glossary (WEX, Axon, Collibra) and helped set up a new automated data quality framework, where checks are designed as early as possible in the data chain.
• Technical implementation: Finalyse implements calculation and reporting engines (IMCR, Moody’s, WKFS) in production, up to go-live of reporting to the relevant central banks of the group and its entities.

This project shows Finalyse’s ability to combine regulatory expertise, data management and technical delivery in a large-scale transformation program.

Benefits of the provided solution

• Automated end-to-end reporting live in production, delivered to the relevant central banks of the group and its entities
• Full traceability of 500+ critical data elements across 40+ material entities, through documented data lineage and metadata
• Data quality controlled at the source, with checks built in early in the data chain rather than fixed downstream

Key success factors

• Continuity: involvement since the start of the program in 2019, from the MVP to a program with 600+ people
• Combined expertise in regulation, data management and technical implementation, from business requirements to production engines
• Ability to take leadership roles, with Finalyse consultants acting as product owners for key risk domains