An Informatica White Paper
Basel II is one of the major drivers of change within the banking world. Because it is used to assess risk, the underlying quality of the data is critical in delivering a report with any level of confidence. Financial institutions are adopting Basel II not simply because it is a compliance directive but also because it is, for many, the embodiment of best practice.
While almost all leading banks have invested in the data infrastructure to support Basel II, data quality is still often managed as an explicit function, dealt with by tools not designed specifically for the purpose.
This white paper examines this important oversight, discusses the critical role of data quality for Basel II compliance and introduces Informatica’s Basel II solution.