Enterprise Risk and Finance Architectures - Edition 2

In a difficult economic environment, it is clear that those institutions with a flexible, robust risk and finance architecture are better able to withstand tough market conditions. Not only can they be more responsive to business challenges but they can also be more adaptive to compulsory change-factors such as new accounting standards, corporate governance rules, customer protection legislation and guidelines, risk management legislation, AML/KYC rules or counter-terrorist finance laws.

Fully updated to incorporate the impacts and lessons from the recent financial turmoil, the new Enterprise Risk and Finance Architectures 2nd Edition explores those banks which have taken a strategic approach to addressing their risk and finance requirements. It explains the rationale, the approaches, the options, common building blocks and the lessons from the pioneers.

The Report studies the drivers for change and the challenges including:

• data
• coordination
• optimisation and skillsets
• technology
• timescales
• business benefits

It also reflects on the architecture options which are likely to include:

• data warehouses (a central repository or, more often, multiple but coordinated data marts)
• ETL tools
• business intelligence
• Business Rules Management within a Service Oriented Architecture (SOA) framework.

The new edition will help readers to engage with the key aspects of risk and finance, with a special focus on the importance of data (see customer comments below):

‘It has stepped up the requirement for data beyond anything anyone had thought of,’ - Simon Barkla, senior manager, corporate technology solutions, Toronto Dominion

‘We had different business units using the same data with different goals, expecting different content and data fields. This meant in the end that the data simply couldn’t be correct for the many business units,’ - Dr Marcus Gebauer, group finance division, WestLB

and the challenge of buy-in.

‘It is a huge challenge to get the right people to support this level of endeavour. The whole organisation has to be aware of what is coming down the line in terms of compliance,’ - Jan van Wyk, ABSA Bank

Contents

• Introduction
• Why an enterprise architecture?
• The need for a strategic approach
• The data challenges
• Coordination
• Optimisation and skillsets
• Technology
• Theory into practice
• The architecture options – Overview
  -The data model
  -The ‘super-ledger’
  -The data repository
  -Intra-day risk
• Conclusion

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Format: A4 (297x210mm), 40 pages, Print, Digital Edition, eLibrary

Publication date: May 2009

ISBN: 978-1-904778-45-5

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