Helping a US Bank optimise costs and harmonize Regulatory Reporting across 12 countries with an outsourced RWA Data Utility Solution
Client: US Bank
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Objective
To help a large U.S. Bank optimize reporting costs with an outsourced RWA data utility solution for coverage across Australia, Indonesia, South Korea, Japan, Singapore, Hong Kong, India, Malaysia, Thailand, Philippines, Sri Lanka, and China.
CRISIL's Solution
Leveraging its extensive experience in data management and regulatory reporting in jurisdictions around the world, CRISIL produced an outsourced solution for managing the RWA data utility from India. A strong technical team with dep knowledge of Basel executes the following process:
Work Day 1-5: Daily data input to RWA Calculator for various asset classes
Work Day 4: Monthly Balance Sheet closure
Work Day 5: RWA flows into reporting data-mart
Work Day 6-10: Recon with GL, Data Validation & Adjustments to data
Work Day 10-12: RWA Pack Preparation
Work Day 14: Late Adjustment posting, if any
Work Day 15: BU Finance Director Sign off
Client Impact
CRISIL solution provides seamless RWA data remediation for 12 legal entities in APAC region
Cost optimization through reduced team size
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