Objective

• To efficiently deliver and assist in implementation of regulatory reports 
• Testing and implementation of strategic reporting tools which help in production of regulatory reports

Challenges

• Legacy gaps in requirement gathering, documentation, implementation, and testing
• Parallel aggressive timelines for Implementation of regulations like Anacredit, FINREP, and COREP reports
  

CRISIL's solution

• Deployment of highly skilled Lead BA/SBAs with relevant regulatory reporting experience – mix of onshore and offshore team set-up
• Strong governance mechanism at each stage of project – initiation, production, and operations. Finalisation and tracking through Book of work
• Regular interaction with multiple stakeholder teams to drive the program
• Ongoing performance and quality reviews by CRISIL SMEs/project managers with engagement from the client’s governance team
• Consistent feedback from the client to gauge the quality and impact of work done
  

Client impact

• Various business processes and analysis were improved and the following milestones were achieved in in a short period
  
  • COREP: Owned UAT and tested around 120 COREP reports (Internal and External reports) within a month
  • Anacredit: Owned country-specific BRD and took formal signoff from 13 country leads within 2-3 weeks
  • FINREP: Reconciled Data in DWH and streamlined data gaps
  • Basel: Developed Basel dashboard rules to remove dependency from existing COREP/FINREP templates
    
• CRISIL has been assisting the client in strengthening BA deliverable quality by implementing SDLC best practices like creation of FSDs, Requirement Traceability matrix etc. 
• Helped in implementation of strategic report generation tool
  

Questions

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