An Information Framework for Financial Services Supervision
Basel III and Solvency II reporting requirements are, in spirit, oriented towards behavioural explanations of demand for funding capital. By definition, behavioural information within a financial institution must be sourced from operational systems. Given this, Basel III and Solvency II reporting are fundamentally a Business Intelligence and Information Management challenge. In the longer term it seems the regulatory outlook is for more and continuing ‘historicisation’ of operating numbers to support Predictive Business intelligence. So the data collection and specification process is intrinsically valuable to the success of any Regulatory or Supervisory Compliance project.