In Risk Management, Regulatory Compliance & Reporting

Semantics in Finance

in Risk Management, Regulatory Compliance & Reporting

Copyright ? 2014 Thematix Partners LLC, Bloomberg LP, Wells Fargo Securities, GRCTC University College Cork, SRI International

Presenters

o Elisa Ke nda ll, The m a tix Pa rtne rs: c urre nt sta te o f se ma ntic s/ sta nd a rd s

fo r fina nc e a nd p ro vid e so me insig hts into the d e ve lo p me nt ro a d ma p a t O MG o ve r the c o ming mo nths;

o Ric ha rd Be a tc h, Blo o m b e rg : o ve rvie w o f the FIG I sta nd a rd , a nd ho w

Blo o mb e rg is inte g ra ting the o nto lo g y with FIBO a nd the ir o wn e xte nsio ns to p ro vid e p o we rful se rvic e s to the ir c lie nts;

o We sle y Mo o re , We lls Fa rg o Se c uritie s: The C o mp lia nc e func tio n a nd

ne e d s fo r te c hno lo g y;

o Elie Ab i- La ho ud, G RC TC Unive rsity C o lle g e C o rk: Te c hnic a l

c ha lle ng e s a nd a p p ro a c h to re a l Re g ula tio n W use c a se ;

o G rit De nke r, Re g ina ld Fo rd, Da nie l Ele nius, a nd Susa nne

Rie he m a nn, SRI Inte rna tio na l: d e mo nstra te ho w c o mb ining FIBO , re g ula tio ns, a nd tra nsa c tio n d a ta in a se ma ntic a lly e na b le d rule -b a se d syste m c a n p ro vid e so me o f the c a p a b ilitie s ne e d e d to sup p o rt risk ma na g e me nt in a sc a la b le a nd susta ina b le wa y.

Copyright ? 2014 Thematix Partners LLC, Bloomberg LP, Wells Fargo Securities, GRCTC University College Cork, SRI International

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Senator Elizabeth Warren (D) Massachusetts:

" If Do d d -Fra nk g ive s the re g ula to rs the to o ls to e nd to o b ig to fa il, g re a t -- e nd to o b ig to fa il . . . "

" If the re g ula to rs wo n' t e nd to o b ig to fa il, the n C o ng re ss must a c t to pro te c t o ur e c o no my a nd p re ve nt future c rise s."

" I d o n' t und e rsta nd the lo g ic . . . Sinc e whe n d o e s C o ng re ss se t d e a d line s, wa tc h re g ula to rs miss mo st o f the m, a nd the n ta ke tha t fa ilure a s a re a so n no t to a c t? I tho ug ht tha t if the re g ula to rs fa ile d , it wa s time fo r C o ng re ss to ste p in. Tha t' s wha t o ve rsig ht me a ns."

De sp ite the vo lume o f re g ula tio ns tha t ha ve a lre a d y b e e n p ub lishe d , " the a g e nc ie s ha ve m isse d mo re tha n 60 p e rc e nt o f Do d d -Fra nk' s rule ma king de a dline s."

Blo o mb e rg Busine sswe e k, " Wa rre n Sa ys C o ng re ss Sho uld Ac t No w o n To o Big to Fa il Me a sure " , 12 Se p t 2013

Copyright ? 2014 Thematix Partners LLC, Bloomberg LP, Wells Fargo Securities, GRCTC University College Cork, SRI International

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2008 Global Financial Crisis Mandates Improved Financial Data Standards

? G lo b a l Syste mic a lly Imp o rta nt Fina nc ia l Institutio ns (SIFIs) must c o mp ly with Ba se l III & US Fina nc ia l Sta b ility Bo a rd (FSB) Risk Da ta Ag g re g a tio n (RDA) re q uire m e nts b y 2016:

o A b a nk sho uld e sta b lish inte g ra te d d a ta ta xo no mie s a c ro ss the b a nking g ro up , whic h inc lud e s info rma tio n o n the c ha ra c te ristic s o f the d a ta (me ta d a ta )

o Risk d a ta must b e c o mp le te a nd c a p ture d / a g g re g a te d a c ro ss the e nte rp rise o Risk d a ta must b e a c c ura te a nd the firm must b e a b le to re c o nc ile / va lid a te

re p o rts

? Fina nc ia l d a ta sta nda rds a re c ritic a l to m e e ting the se re q uire me nts, inc lud ing :

o id e ntific a tio n o f le g a l e ntitie s, the ir jurisd ic tio ns a nd o wne rship c o ntro l hie ra rc hie s

o Id e ntific a tio n o f fina nc ia l c o ntra c ts a nd instrume nts o c la ssific a tio n a nd d a ta linka g e fo r a g g re g a tio n o a c tio na b le risk inte llig e nc e

? Se m a ntic s a re c ritic a l to b rid g ing d a ta silo s, inte g ra ting e m e rg ing sta nd a rd s to me e t re p o rting re q uire me nts

Copyright ? 2014 Thematix Partners LLC, Bloomberg LP, Wells Fargo Securities, GRCTC University College Cork, SRI International

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Emerging Standards & Related Activities at OMG

Sta nd a rd s

Po C s & Ea rly Ad o p te rs

? Fina nc ia l Ind ustry Busine ss

O nto lo g y (FIBO )

o Fo und a tio ns (FND) o Busine ss Entitie s (BE) o Ind ic e s & Ind ic a to rs (IND) o Se c uritie s (SEC ) o...

? Fina nc ia l Ind ustry G lo b a l

Id e ntifie r (FIG I)

? Pro p e rty & C a sua lty

Insura nc e Vo c a b ula ry

? Fina nc ia l Ind ustry Re g ula to ry

O nto lo g y (FIRO ) - d ra ft

? Ac tive Usa g e

o As the b a sis fo r e nte rp rise re fe re nc e d a ta m o d e ls (a ud ita b le )

o As a c o m p o ne nt o f b usine ss vo c a b ula rie s fo r use in the c a p ita l m a rke ts a nd se c uritie s units o f se ve ra l la rg e b a nks to m e e t Ba se l III RDA re q uire m e nts

o To sup p o rt inte ro p e ra b ility

? O MG Fina nc e Do m a in Ta sk

Fo rc e (DTF) re la te d Use C a se s / Po C s

o Re g ula tio n W o Se c o nd a ry Mo rtg a g e Ma rke t (EU) o Fro nt-Running o C a p ita l Ad e q ua c y

Copyright ? 2014 Thematix Partners LLC, Bloomberg LP, Wells Fargo Securities, GRCTC University College Cork, SRI International

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