01.
The Challenge
The Client was struggling to meet regulatory reporting requirements, including key liquidity reports like the FR2052a, due to a lack of a cohesive strategy for acquiring reporting data elements, which were often unidentified, unavailable, or spread across different systems. The Client turned to RGP for support in identifying data needs and addressing gaps in data sourcing. The RGP team, led by liquidity and data experts, conducted current state assessments with each business unit, synthesizing findings to identify data gap remediation opportunities and long-term improvements in data sourcing and management practices.
02.
What We Did
RGP deployed a team of former industry practitioners, including liquidity reporting and data management experts, along with data analysts and technical consultants experienced in regulatory reporting, to assess data acquisition needs and address gaps. The team conducted stakeholder interviews and multiple data gap analyses related to enterprise risk requirements, capturing the Client’s current state. The results included detailed observations by business lines and a heatmap highlighting data gaps in areas such as liquidity, collateral, and markets data. RGP provided recommendations for data acquisition improvements, including target state data flows and a governance model to enhance coordination between data producers and consumers.
03.
Our Impact
RGP’s expertise helped the client assess its regulatory reporting capabilities, improve data management, and proactively address data gaps and governance practices.
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