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Risk compliance and master data management in banking: a novel BCBS 239 compliance action-plan proposal

2022-06Journal article Open access
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dc.contributor.authorMartins, José
dc.contributor.authorSão Mamede, Henrique
dc.contributor.authorCorreia, José
dc.date.accessioned2022-12-16T11:20:58Z
dc.date.available2022-12-16T11:20:58Z
dc.date.issued2022-06
dc.description.abstractFor some years now, master data has become extremely relevant to business success and continuity in an increasingly competitive and global business environment. The banking sector is one example of how the implementation of well-structured and designed master data management policies and initiatives is crucial for reaching positive results. One of the areas in which banks need to ensure extremely fruitful master data management approaches and data governance procedures is when dealing with risk-related data, as it not only ensures accurate and well-supported management and decision-making, but also because banks are required to do so by imposed regulations, such as the BCBS 239. Drawing on a DSR methodology supported research project, where banking and IS-related expertise was continuously merged with existing theoretical knowledge on MDM and BCBS 239 related topics, and a permanent focus on the technical and functional complexity associated with implementing master data management and well-established data governance procedures that ensure regulatory compliance, we propose a novel, six-phase action plan that will allow banks to ensure compliance with BCBS 239 and, consequently, ensure efficient and effective risk data management and reporting.This work was supported by National Funds through the Portuguese funding agency, FCT - Fundação para a Ciência e a Tecnologia, within project LA/P/0063/2020pt_PT
dc.description.sponsorshipINESC TEC - Instituto de Engenharia de Sistemas e Computadores, Tecnologia e Ciência. This work was supported by National Funds through the Portuguese funding agency, FCT - Fundação para a Ciência e a Tecnologia, within project LA/P/0063/2020pt_PT
dc.description.sponsorshipLA/P/0063/2020
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationMartins, J., Mamede, H. S., & Correia, J. (2022). Risk Compliance and Master Data Management in Banking–A novel BCBS 239 compliance action-plan proposal. Heliyon, e09627.pt_PT
dc.identifier.doi10.1016/j.heliyon.2022.e09627pt_PT
dc.identifier.issn2405-8440
dc.identifier.urihttp://hdl.handle.net/10400.2/12741
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherCellPresspt_PT
dc.relation.publisherversionhttps://www.sciencedirect.com/science/article/pii/S240584402200915Xpt_PT
dc.subjectRisk managementpt_PT
dc.subjectMaster data managementpt_PT
dc.subjectData governancept_PT
dc.subjectBCBS 239pt_PT
dc.subjectRisk compliancept_PT
dc.titleRisk compliance and master data management in banking: a novel BCBS 239 compliance action-plan proposalpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.issue6pt_PT
oaire.citation.startPagee09627pt_PT
oaire.citation.titleHeliyonpt_PT
oaire.citation.volume8pt_PT
person.familyNameMartins
person.familyNameSão Mamede
person.givenNameJosé
person.givenNameHenrique
person.identifierR-005-4SA
person.identifierR-002-0P0
person.identifier.ciencia-idBC19-7E23-DA8C
person.identifier.ciencia-id7F17-9DAD-C007
person.identifier.orcid0000-0002-7787-6305
person.identifier.orcid0000-0002-5383-9884
person.identifier.ridB-5280-2014
person.identifier.scopus-author-id35321317600
person.identifier.scopus-author-id36458782500
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication01b2034d-9943-405b-a13f-b54b6e10b004
relation.isAuthorOfPublication86fd6131-eed5-42be-9639-9466ddf680ab
relation.isAuthorOfPublication.latestForDiscovery86fd6131-eed5-42be-9639-9466ddf680ab

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