OATS and EBS Reg Reporting Remediation

Requirements

A banking client was looking for both data and process remediation for their OATS and Electronic Blue Sheets regulatory reports. The reports involved years of data across a number of legacy systems managed by a variety of vendors. The client was responsible for submitting the corrected reports to the regulatory agencies along with complete documentation outlining the data governance processes.

Solution

Extensive documentation of the data sources and their current state (accuracy and completeness) analysis

Interview with various data custodians and operational leads to document processes with emphasis on manual process and possible sources of errors

Reg reporting controls framework

Creating rules for verifying accuracy and completeness of reports and creating a testing framework to ensure future bug-free operations

Extensive data remediation and regeneration of historical reports

Business Advantage

Ability to manage all investment specific documentation, agreements, transactions, and pricing from a single comprehensive portal

A fully transparent reporting process with data controls and monitoring provides greater confidence in the accuracy of reports

The controls framework also make it easier to detect reporting anomalies and faster data remediation