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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

Request for services

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Questions



Looking for high-end research and risk services? Reach out to us at:

 

United States
1-855-595-2100/
+1 646 292 3520

 

United Kingdom
+44 (0) 870 333 6336

India
+91 22 33 42 3000 /
+91 22 61 72 3000