Since 2013 The Basel Committee’s BCBS 239 - Principles for effective risk data aggregation and risk reporting were introduced for the financial industry.
Despite all this supervisory scrutiny, the ECB has concluded that the progress made by significant institutions to date has been generally insufficient.
Despite its importance, RDARR has not been given an appropriate level of focus, has not been properly steered and many structural deficiencies relating to it have not yet been tackled. As a result, adequate RDARR capabilities are still the exception and full adherence to the BCBS 239 principles has yet to be achieved.
Data Lineage is a crucial ability in order to achieve compliance with BCBS239 and ECB expectations.
IBM’s Data Lineage (Manta) solution provides a robust framework to address these challenges. Key features include automated data lineage discovery, monitoring, and seamless integration with data governance tools like Collibra, Informatica, IKC and others. These capabilities ensure accurate documentation, enhance data governance, and support compliance with evolving regulations.
This IBS Paper was compiled to structure all the regulatory requirements and match them to Manta's capabilities. It provides guidance to establish Data Lineage practice in your organisation.
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