The Research And Design Of The D Bank Regulatory Reporting Platform Based On Real Time Management

As the blood of social progress and economic development, the security and stabilityof the financial industry has a direct impact of the society and economy. The outbreak ofthe US financial crisis has made countries worldwide strengthen financial regulation,especially to strengthen the banking regulation, to avoid a chain reaction. With theaccelerated process of economic and financial globalization, financial innovation and theprevalence of mixed management, it makes the regulators a new situation to improve theregulatory requirements. The future trend of the development of the financial regulation isinformation-based, having rapid change, and globalize. Banks must constantly improvetheir reaction capability to crisis according to the quick change of external environmentand bank own condition. The premise of set up a first class regulatory system is having anautomated regulatory information processing system, and a strengthened the informationdisclosure and feedback collection process. While a real-time regulation reportingplatform (Base on Real Time Management) is a key innovation to the operation mode forbank’s information system construction.As an Asia’s leading financial institutions, DBS bank has been rooted in the Chinesemarket for more than a decade. Since2011, based on the current changes in the externalenvironment and current situation of bank’s information system, DBS bank began theresearch and construction of regulatory reporting platform. This platform is aim toreconsolidate existing regulator reporting systems and related software located in severaldepartments, and to make them a unformed reporting platform. It would provide allinternal users in the DBS bank a standardized and unified data warehouse, and interfaces,which would reduce the overall cost in ruing regulatory reporting system; give a better service to the reporting for all departments. One important features of this unifiedregulation reporting platform can provide real-time monitoring and management, whichnot only can facilitate users to monitor the reporting and also get feedback of informationin timely manner, and also enables the management to trace the reporting status andprogress in real time, then understand the regulatory risk and early warning information tothe bank, so as to improve the efficiency and precision of the management.I am trying to apply the management theory knowledge got from my MBA study hereand incorporate the internal information took from DBS bank research and construction ofregulatory reporting platform, and then make analysis to DBS bank’s operation in the past2years. This paper incorporated the theory of financial regulation and actual requirements,made in-depth study and analysis to background, mission, abstract and practical meaningof the real-time management based regulatory reporting platform of DBS bank; and alsothe detailed requirement, design philosophy and implementation process and performancereview. And this paper would also introduce the strategy and core value of this newplatform, including process optimization management, user-orientated servicemanagement, three-tier architecture, flexible parametric configuration, Effective riskcontrol and agile support to regulator’s change requests.