Assuring Data Quality for Basel II
Annex VII, Part 4, Paragraph 31 of the Capital Requirements Directive (CRD) requires “the data used as inputs into the model to be accurate, complete, and appropriate.” While financial institutions have put appropriate models and controls in place to measure and manage risk, the quality of the data used in any model is critical to its performance.
Datanomic’s solution can be bought as a software product and implemented in-house, or deployed by a qualified consultant to audit and improve the quality of the data that underlies your risk management operations.