Data Governance Guide for BCBS 239 and DFAST Compliance

BCBS and DFAST compliance is the major systemic issue facing financial institutions in the post-Great Recession landscape. With the guidelines for both global and domestic compliance evolving rapidly, the imperative to actively engage on BCBS and DFAST obligations is increasing as the first compliance deadlines arrive. At the core of those obligations is data governance: a set of best practices that optimize, secure, and leverage information as an enterprise asset by aligning the objectives of multiple functions. This book concisely explains how data governance best practices dovetail with BCBS and DFAST compliance requirements and outlines a high-level blueprint for creating a data governance plan, infrastructure, and processes aligned with those compliance goals. Geared toward business users, this book is non-technical and consists of the following sections: 1) The Regulatory Imperative for Data Governance in Financial Services, 2) Operationalizing Data Governance, 3) Data Governance Playbook, 4) Data Categories, 5) Data Ownership, 6) Critical Data Elements, 7) Data Quality, 8) Analytical Models and End-User Computing, 9) Data Lineage, 10) Data Service Level Agreements, 11) Data Sharing Agreements and Data Attestations, 12) Data Governance Dashboards, and 13) Data Governance Audits.