Case — Finance & Risk

Meeting the BCBS239 challenge: How Varrlyn helped a client getting it right

In order for the client to assure its (external) regulatory reporting to be fully at par, it developed a Global Standard on Data Management, ensuring all principles of BCBS239 to be applied.

What was the problem?
Specifically for one the client’s domains it has struggled for years to get the right focus and expertise ensuring all principles for the required systems and processes to be in place as per the agreed timelines with the regulator. The end of the waivers were getting closer and this time the deadline had to be met.

Why did our client ask for Varrlyn’s help?
Data management is a complex topic, where it’s crucial to have a good understanding of the different data management principles (and associated lingo). However, to effectively be able to implement, an understanding of the domain’s products and processes, combined with project management skills, was required to get all required principles addressed in time.

How did Varrlyn contribute?
A small task force got assembled, by combining different skill sets into the team. This was a key success factor to get through to the core of some of the long running issues and be able to get them addressed in time. Ultimately the entire domain was able to introduce a framework with the right governance, improving the overall data management capabilities.

Account manager Stephan van der Windt