RWA data utility support to a large US Bank for harmonizing disparate regulatory reporting requirements
Objective
- A large U.S. Bank wanted to outsource its RWA data utility to optimize reporting cost across Australia, Indonesia, South Korea, Japan, Singapore, Hong Kong, India, Malaysia, Thailand, Philippines, Sri Lanka, and China
Crisil's solution
- Crisil offered to manage the RWA data utility from India due to it’s extensive experience within regulatory reporting and data management space.
WD 1 – 5: | Daily data input to RWA Calculator for various asset classes |
WD 4: | Monthly Balance Sheet closure |
WD 5: | RWA flows into Reporting data-mart |
WD 6 – 10: | Recon with GL, Data Validation & Adjustments to data |
WD 10 – 12: | RWA Pack Preparation |
WD 14: | Late Adjustment posting, if any |
WD 15: | BU Finance Director Sign off |
Client impact
- Cost optimization through reduced team size. RWA data remediation for 12 legal entities in APAC region
- Process managed by highly technical team with strong experience in Basel and data
Questions