Data Accuracy, Consistency and Control for Basel II
Trillium Software’s solution for BASEL II compliance enables Financial Services institutions to demonstrate that the data quality controls and processes are in place to certify that data used for risk calculations and regulatory reporting is properly vetted by the business and fit for use.
Regulators expect financial services firms to demonstrate confidence in the data populating credit risk models. To address these concerns, firms need to establish a robust system of controls to ensure the quality of the data feeding the models, and provide evidence that controls are in place and working effectively.
Utilizing Trillium Software’s Basel II solution, the organization can demonstrate transparent BAU processes for the management of data assets, leveraging a platform that measures and monitors data quality at production volumes.
Several of the world’s largest financial institutions employ our solution to implement enterprise ‘best practices’ that are used for attestation in the data domains of risk reporting. These same processes have often assisted subject matter experts and analysts to identify opportunities for capital reserve improvement and reduction.
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