Case Study

Meet complex regulations confidently. Set up systems to handle BCBS239, DORA, and ESG rules, improving your data use and reporting across these critical areas.

Challenge

This initiative has been successfully implemented for customers in the broad financial services sector, including commercial banking, insurance, private wealth banking, and infrastructure.
Our clients in these industries consistently faced one or more of these pressing challenges:

• Low data maturity combined with complex and demanding regulatory needs with tight deadlines
• Hard to scale data management practices to reach the required volumes and cover the proper scope in time
• Complexity in implementing robust IT and operational resilience for DORA compliance
• Challenges in understanding, producing and collecting accurate ESG data across the organization
• Balancing compliance efforts with operational efficiency and cost considerations

Roles

This initiative usually involves the following people & roles. They can be found either within your organisation or at a consulting partner.

• Internal:
  • Chief Data Officer
  • Data Governance & Quality Manager
  • Data Stewards, Data Owners & Data Custodians
  • Data platform and integration experts and Data Engineers
  • IT experts & Infra experts
  • CIO or IT manager
• External:
  • Senior Data Governance consultant
  • Senior Data Project Manager
  • Data Architect
  • Change management Expert

Impact

After a routine check-up with our clients, we confirmed several of the below improvements:

1. Compliance: Obtained a lighter regime of the regulator (ECB & NBB) after 9 months (as a result of a Data Quality framework put in place)
2. Resilience: Enhanced IT and operational resilience in line with DORA standards
3. Reporting: Improved accuracy and efficiency of ESG data collection and reporting
4. Risk Management: Significantly reduced non-compliance risk with BCBS239, Solvency II and ESG
5. Efficiency: Streamlined compliance processes across multiple regulatory frameworks
6. Adaptability: Established a flexible foundation to meet evolving regulatory demands