Enabling Basel II/III Dashboards as part of the Regulatory Reporting for a large Bank
Client: Large European Bank
Objective
To help a large European bank meet regulatory requirements through the creation of Basel II/III Dashboards.
Challenges
- Lack of clear requirements and standards for Basel dashboards
- Need to standardize formats across geographic regions
CRISIL's Solution
- CRISIL deployed a project management team comprised of 15 consultants, including Project Manager, Business Analysts and UAT Analysts - all with solid understanding of credit risk and Basel II/III dashboards
- Formed a daily forum with client stakeholders across geographies to address issues, ensure data integrity and create proper reporting dashboards
- Documented formats for all report dashboards
- Detailed process flow diagrams for analysing dashboard data flows
- Developed end-to-end automated dashboard templates with sufficient control checks
- Produced model understanding documentation and scenario analysis templates for Basel II/III models
Client Impact
- New Reporting Dashboards facilitated easy reconciliation of credit risk data and enabled the bank to meet Basel II/III reporting requirements efficiently
- Dashboard framework designed to accommodate future regulatory requirements and changes
- Dashboards provide fast and easy access to vital data, informing key strategic decisions