Regular credit risk reporting to decision makers is essential in wealth management and investment management. It ensures that all positions and risk movements are clearly understood.
These internal demands have to be balanced with strict federal regulations regarding timely data audit and reporting activities. For example, wealth and investment management teams in banks have to comply with Basel Committee on Banking Supervision reg. no. 239 (BCBS 239): Principles for Effective Risk Data Aggregation and Risk Reporting.
It can be challenging to build a comprehensive framework that covers both tasks, especially when global recruitment scope is not available. In this case study, we show how Evalueserve helped a US-based bank to:
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