This document present our views and capabilities regarding Data Quality Management & BCBS 239. Improving decision capabilities through better data quality is a way to go beyond BCBS 239 compliance by making it useful for business efficiency.

1. Selected credentials
BCBS 239 introduction
Over the last few years, an ever increasing set of regulations have been
enforced (Basel III, Solva II, Sarbanes-Oxley, Sec 17a,…) with the consequence
of increasing the minimum requirements in terms of reportings but also
granularity of data displayed.
In this context, Basel Committee for Banking Supervision (BCBS) released in
January 2013 a set of recommendations (also known as BCBS 239) : 14
principles aiming at reinforcing banks at aggregating risks data and improving
reporting practices have been published. 11 of these principles deal with bank
institutions considered as “systemic” for world financial stability (G-SIBS) and
the 3 of these principles deal with regulation authorities
Banking institutions considered as “systemic” have until January 2016 to
comply with BCBS principles
These regulation principles deal with less than 30 banks at world level (G-SIBS).
Regulation will then be extended at domestic level on national banks (D-SIBS).
Major impacts for Banks
BCBS 239 principles way to compliance requires several workstreams from
banking institutions :
Set-up of data quality governance
Improvement of risk management and decision-making processes
Drafting of data dictionary and taxonomies
Improvement of IT infrastructure used for key reportings
Improvement of reporting timeliness and availability
Set-up of processes ensuring reporting usefulness and quality
The regulator acknowledged that the objective of compliance by January 2016
was too overly optimistic due to the large IT projects implied by the regulation
and now expect banks to provide best efforts to respect the 11 principles.
BCBS 239 & Data Quality
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Copyright 2016 Cognizant
August 2016
BCBS 239 & Data Quality
Management
A COGNIZANT APPROACH FOR INCREASED BENEFITS
In a nutshell
Governance & infrastructure
Governance1
Data & IT infrastructure2
Aggregation capabilities
Completeness4
Timeliness5
3 Accuracy & Integrity
Adaptability6
Reporting practices
Accuracy7
8 Comprehensiveness
9 Clarity & usefulness
10 Frequency
11 Distribution
11principles
Deployment analysis for data governance
at group level
Pilot for corporate data dictionary in
compliance with BCBS 239 framework
Reliability improvement for Credit Risk
data at group corporate level – SQUAD +
Référentiel Mondial des Personnes
Morales – Design & data governance
Deployment of a data cartography &
software selection
Set-up of a methodology for governance
& quality of data

2. About Cognizant
Contact us
How we can help
Our vision & capabilities: Following the data quality route
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Copyright 2016 Cognizant
Cognizant is a leading provider of information technology, consulting and
business process outsourcing services, dedicated to helping the world's
leading companies build stronger businesses.
Cognizant enables global enterprises to address a dual mandate: to make
their current operations as efficient and cost-effective as possible and to
invest in innovation to unleash new potential across their organizations.
What makes Cognizant unique is our ability to help clients meet both
challenges. We help them enhance productivity by ensuring that vital
business functions work faster, cheaper and better. And, our ability to
conceptualize, architect and implement new and expanded capabilities
allows clients to transform legacy models to take their business to the next
level.
Please do not hesitate to contact us will you be interested in a more detailed introduction of our IT
solutions or capabilities regarding PRIIPS issues from creation to delivery.
We are strongly motivated in supporting you to achieve your projects of being compliant with the main
Swiss and European regulations.
BCBS 239 & Data Quality
Audrey MIGUEL
Partner
Finance & Risk Management
T. +33 (0)6 12 34 56 78
@ amiguel@equinox-cognizant.com
Romain MALOUVIER
Associate Director
Capital Markets
T. +33 (0)6 35 02 85 23
@ rmalouvier@equinox-cognizant.com
Alrick DUPUIS
Senior Manager
Risk Management
T. +33 (0)6 12 34 56 78
@ adupuis@equinox-cognizant.com