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Informatica for Basel II Compliance
Increased Visibility of Global Financial Operations
The Basel II Accord was crafted in response to the estimated $12 billion lost in the financial markets since 1992—a figure attributed to poor risk management practices and fraud. While financial services companies will ultimately benefit from the implementation of the Basel II Accord’s risk management guidelines, the immediate task is a daunting one: to collect and analyze two or more years’ worth of business data before the Basel II Accord takes effect in 2007. As a result, many financial services companies will have to implement sweeping changes to their corporate data infrastructure to ensure their ability to comply.
The accord mandates standardized measurements of credit, market, and operational risk among internationally active financial companies. However, within those guidelines are different levels of Basel II compliance which allow financial service companies to pursue advanced risk management practices that could potentially free up capital for investment. As a result, the Basel II Accord presents tangible business benefits for financial companies beyond improved risk management practices. And astute companies have already noted that the data infrastructure needed to comply with the Basel II risk management guidelines could also be leveraged for International Accounting Standards (IAS) compliance, as well as business intelligence applications, such as customer profitability analysis.
Comply with Confidence
Basel II compliance highlights the importance of understanding the complexities associated with integrating, processing, and presenting information needed to comply with new standards. A company's information infrastructure is commonly comprised of many different types of data sources (e.g., databases, legacy, and flat files)—all of which speak a different language. IT organizations must have the ability to gather data from disparate systems, provide visibility into that data, and monitor and respond as changes occur.
Informatica solutions allow you to:
- Get it—Gather data using a robust data integration solution for consolidating ERP, financial and existing mainframe systems.
- View it—Access and analyze data using an integrated business intelligence tool with rich functionality and flexibility.
- Track it—Understand data and systems using rich metadata. Ongoing monitoring provides the ability to respond to change.
Informatica now offers a solution to help financial companies address the information management challenges of Basel II. At the heart of this solution is the Informatica data integration platform— PowerCenter and PowerExchange. Many financial companies are now using the solution to quickly establish a data warehouse utilizing prebuilt data models and business solution templates designed specifically for the financial industry. 
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