Case Study
Post-Merger NSFR/5G Regulatory Reporting
Strategy Risk Data
Client
Large US Bank: Corporate Technology
Services
Risk Analytics & Reporting, Data Management & Governance, Merger Integration, Data Quality & Lineage
Project Overview
Upon acquisition by a major investment bank, the Client’s collective holdings exceeded the thresholds required for compliance with Basel III NSFR requirements. The Client needed expertise and support in identifying mandated holdings across multiple asset classes and the attributes necessary to assess their stability and reportability, as well as communicating such data with its acquirer to determine conformity with mandated requirements. Additionally, the Client desired assistance in balancing an interim operating model yet strategic approach while aligning different data definitions, data repositories, and technologies as well as delivering against a tight timeline.
Solution
- RP deployed a team of experienced technology consultants and data analysts with regulatory experience to lead the requirements definition, development, and deployment efforts to ensure sufficient adherence with these regulations within the mandated timeframe.
- The team documented requirements, delineated data mappings from database extracts, and defined business logic to generate output files. After drafting the requirements, the team met regularly with QA staff to clarify requirements, identify/rectify bugs, and communicate necessary business enhancements.
- Additionally, RP led end-to-end testing by coordinating integration testing and standardizing conventions between the integrating companies. The team also facilitated parallel testing for two weeks in production leading up to deployment.
Impact
- RP employed expertise in breaking down complex concepts into smaller, more manageable tasks to ensure successful understanding and execution of requirements.
- RP enabled the Client to successfully achieve compliance with NSFR requirements ahead of the mandated timeframe and set the foundation for the Client to move from interim to target state.
- RP’s requirements and testing approach was applied across other corporate technology functions which enabled the organization to improve efficiency, enhance compliance, and capitalize on merger saves within the technology organization.
End-to-End Services, Working Together
We approach every engagement with our client in mind—creating solutions that are tailored to fit the task at hand. Our interrelated services offerings address a wide range of client needs. Whether a company is looking to solve a problem or capitalize on an opportunity, we can help them to achieve and exceed their goals—effectively and efficiently.