Analysis and Proposal of Measures to Ensure Consistency during the Transition to a New Solution for Financial Regulatory Reporting

The thesis focuses on data processing for financial regulatory reporting within the ČSOB Group. It is part of the transition project to a new centralized regulatory reporting solution implemented by the parent company, KBC. The goal of the thesis is to identify key differences between the current and target processing solutions and to propose appropriate measures to ensure the consistency of reports generated by both solutions, especially during their parallel run period. Based on a comparison of the two regulatory reporting solutions, a total of twenty-four measures have been proposed to improve data consistency. These measures pertain to individual data handovers, process documentation and steps, specification of roles and responsibilities within data management agendas, documentation and maintenance of key data lineage, and manual data input processes. Six solutions proposed in this thesis have already been implemented in practice and are currently in use within the bank’s relevant processes. As such, the outputs of the thesis are either already in use or are immediately applicable for further improvements to the consistency of regulatory reporting in ČSOB.