In a financial institution:
BCBS 239 gaps demand greater transparency, traceability, and control of risk data.
OSI (On-site inspections) findings exposed weaknesses in key data process management.
No standard tools or methods for end-to- end business data lineage.
Tactical business data lineage: centralized, transparent framework for consistent tracking.
Data repository: single source defining critical data, origins, usage, and business rules.
Data quality framework: governance standards for key data, documenting attributes, business rules, and golden sources.
KRI lineage management: structured, reusable approach to prioritize RWA and Expected Loss in key reports (e.g.: COREP) across teams.
Strengthened BCBS 239 compliance and 90% OSI remediation.
Established business data lineage framework.
Improved data governance and quality control embedded in BAU and scalable for future tactical use.