Basel II Compliance
The release of the new international capital framework in June 2005, often referred to as Basel II, was a major development. It is composed of the now-familiar three pillars:
Pillar 1: minimum capital requirements;
Pillar 2: self assessment and supervisory review; and
Pillar 3: market discipline.
The major objectives of Basel II include creating a better link between minimum regulatory capital and risk, enhancing market discipline.
The last objective, since it is often overlooked: Data integrity and completeness of data.
Without correct, complete and integer data no high end consultancy company or financial advisor can help you to reach compliancy.
How to discover not integer, incomplete data?
A possible solution to tackle this issue: A BI (Business Intelligence) solution on data all across your organization!
Read the following pages about Panorama BI and how we report on all data from any data source and department and create visibility on any incorrect data source with bubble up exceptions and alerts!