Aligning Business and IT with Metadata: The Financial Services WayFinancial services institutions like international banks and insurance companies frequently need to adapt to changes in their environments, yet manage risk and ensure regulatory compliance. The author Hans Wegener reveals how metadata can be used to achieve a successful and technological evolution. This unique approach is divided into three parts to:
Wegener firstly illustrates the peculiarities of both metadata management and the financial services industry. He combines both, puts them into context of use, and explains where and how this makes life difficult, as well as where and how value is created. This enables the reader to understand the impact of metadata management on his/her organization, its typical side effects, necessities, and benefits. The book then goes onto reveal how different crosscutting concerns managed in large financial corporations (change, risk, and compliance management) can revolutionize business by supporting them with metadata management. This provides a blueprint to be used in strategic planning. Finally, the mechanics of three important practical areas are discussed in-depth, namely managing evolution, quality, and sustainability. This provides helpful scripts for practitioners to be used in real-life. |
From inside the book
Results 1-5 of 66
... regulatory landscape 141 IT and regulatory compliance 145 The role of metadata management in ensuring compliance 147 Case studies 149 Part III: Practical Problems and their Resolution 7. Evolution: A Practical Guide 7.1. 7.2. 7.3. 7.4 ...
... Regulatory compliance dictated that the bank's figures should cross-check. In the worst case, the bank would have to provision against the most pessimistic risk values that the old system was now producing, and this would of course come ...
... regulatory compliance, the resulting impacts can be ignored only at one's peril, as my own example also illustrates. The problems of data management must now be attacked systematically, and a strong set of formalisms based on sound ...
... regulatory compliance. This book explains how metadata is key to managing these goals effectively. In recent years, an array of scandals has adversely affected the trust that investors, regulators, and the general public put into ...
... Regulations and frameworks like SOX, COSO, Solvency II, MiFID, IFRS/IAS, ITIL, COBIT, or Basel II come to mind. The topic of risk management is high on the agenda. Here again, compliance with regulatory requirements and corporate ...
Contents
xvii | |
1 | |
21 | |
Part II The Value Proposition | 71 |
Part III Practical Problems and their Resolution | 179 |
Bibliography | 267 |
Index | 271 |
Other editions - View all
Aligning Business and IT with Metadata: The Financial Services Way Hans Wegener No preview available - 2007 |
Aligning Business and IT with Metadata: The Financial Services Way Hans Wegener No preview available - 2007 |