Streamlining Regulatory Reporting

Client Background

A prominent financial institution faced significant challenges in meeting the complex requirements for Comprehensive Capital Analysis and Review (CCAR) submissions. With constantly changing regulatory demands and frequent updates to data quality checks, the bank needed a reliable solution to ensure compliance while maintaining operational efficiency.

Challenges Faced

The bank struggled with several key issues, including:

Navigating the evolving requirements for various portfolios necessary for CCAR submissions
Managing a business-as-usual (BAU) support model amidst continuous regulatory changes
Reliance on manual data updates, which hindered efficiency and accuracy.

Opportunity for Improvement

Recognizing these challenges, the bank aimed to:

Dene a robust architecture that could support the diverse portfolios required for regulatory reporting
Enhance code reusability and minimize the need for manual data updates through automation

Our Solution

We offered a comprehensive approach that included:

Implementing automated scheduled loads for various portfolios to streamline data processing.
Upgrading the platform and database to the latest versions provided by tool and platform vendors Streamlining Regulatory Reporting.
Establishing best practices and standards to facilitate a seamless BAU process that meets business needs.

WOW Factor

Our team at TribolaTech brought a deep understanding of data quality, data management, and regulatory reporting. With strong expertise in data governance and industry best practices, we were well-equipped to tackle the bank’s challenges effectively.

Results Achieved

The implementation of our solutions led to impressive outcomes:

Reduced data provisioning cycle times from 7 days to just 4 days •
Enhanced data automation by 80%, signicantly decreasing manual intervention.
Increased productivity by 70%, enabling teams to focus on strategic initiatives.
Delivered near real-time, trustworthy data within 24 hours, compared to the previous one-week turnaround.
Achieved automation of CCAR reports and audits, streamlining compliance processes.

This success story highlights how our strategic approach transformed the bank’s regulatory reporting capabilities, resulting in improved efciency and compliance.

Streamlining Regulatory Reporting

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