Email Contact Phone Company Visit Website

GFT UK Office Office

GFT Financial Limited. 9th floor, 107 Cheapside
London
EC2V 6DN
GB

GFT USA, Inc Office

261 Madison Avenue, 19th Floor,
New York City
NY 10016
USA

GFT Brazil Office Office

GFT Brasil Consultoria Informática Ltda. Alameda Rio Negro, n° 585 Ed. Padauiri,
10° andar, Alphaville,
06454-000 Barueri -SP
Brazil

Telephone

T +44 20 3372 9200

Contact

Tim Osler / Dawn Blenkiron / Benjamin Tranham
[email protected] / [email protected] / [email protected]
Back to all GFT announcements

GFT launch latest thought leadership paper on BCBS239

As organisations continue to get to grips with the implementation of BCBS239, the aggregation of firm-wide financial and risk information has arguably been one of the most daunting challenges for banks and other financial institutions to overcome. Firms need to be able to aggregate risk and financial data in order to analyse, investigate and manage risk and make sound business decisions. The question is, how?

John Barclay (Managing Principal, Risk Consulting UK, GFT), Alan Morley (AML & Practice Lead USA, GFT) and Nick Weisfeld (co-Head of Data Practice UK, GFT) have recently co-authored a point-of-view entitled ‘BCBS239: the art and science of data aggregation’ which evaluates the current problems firms are facing, whilst also proposing the idea of a ‘Lingua Franca’ to help provide a potential solution. The paper also discusses in detail:

• The use (and abuse) of Extract-Transform-Load (ETL) technology and how its emergence has radically changed how data is managed
• The role of Data Governance and how the fundamental driver for implementing an enterprise-wide data-driven culture should be to improve decision-making for the entire organisation
• The debate over whether a taxonomy or ontology is required, and what a suitable ‘Lingua Franca’ must establish in order to succeed.