{"componentChunkName":"component---src-templates-client-result-js","path":"/client-result/capital-markets-reporting","result":{"data":{"prismic":{"allClient_results":{"edges":[{"node":{"seo_page_title":null,"seo_page_description":[{"type":"paragraph","text":"Basel III and Capital Markets Reporting Process Optimization","spans":[]}],"seo_h1":[{"type":"heading1","text":"Capital Markets Reporting Process Optimization","spans":[]}],"feature_image":{"dimensions":{"width":3072,"height":1841},"alt":null,"copyright":null,"url":"https://images.prismic.io/crgwebsite/bc021d78-8481-41a4-8f02-508d1aa32e70_BBE2.png?auto=compress,format"},"main_content":[{"type":"paragraph","text":"The Challenge","spans":[{"start":0,"end":13,"type":"strong"}]},{"type":"paragraph","text":"A leading Canadian Financial Institution (FI) reported their capital markets trading data to a regulatory body according to Basel III reporting guidelines on a monthly basis.","spans":[]},{"type":"paragraph","text":"Through the use of legacy systems and excessive manual intervention, their reporting process was cumbersome and had a large margin of error (±25%). The lengthy cycle time led to two separate reporting days (soft close and hard close), while the inaccurate data provided a poor representation of the FI’s true risk exposure to the regulatory body.","spans":[]},{"type":"paragraph","text":"The FI engaged the Carly Rian Group to assess the current state capital markets reporting process and develop solutions to optimize the end-to-end flow and reduce the overall duration while improving data quality.","spans":[]},{"type":"paragraph","text":"","spans":[]},{"type":"paragraph","text":"The Approach","spans":[{"start":0,"end":12,"type":"strong"}]},{"type":"list-item","text":"Conducted interviews and workshops across all 19 trading desks to uncover key insights","spans":[]},{"type":"list-item","text":"Executed data collection plan to develop detailed process documentation and identify and measure top areas of non-value-added time","spans":[]},{"type":"list-item","text":"Analyzed securities’ raw data sources to determine the root causes for the poor data quality issues and major reporting gaps","spans":[]},{"type":"list-item","text":"Evaluated the data transformation process through legacy systems and manual intervention from the raw data sources to the reporting layer to determine key data processing pain points","spans":[]},{"type":"list-item","text":"Created a strategic roadmap through multiple iterations of a Minimum Viable Product (MVP) which detailed incremental releases that provide continued benefits to key stakeholders","spans":[]},{"type":"paragraph","text":"The Outcome","spans":[{"start":0,"end":11,"type":"strong"}]},{"type":"list-item","text":"Eliminated the need to perform manual reconciliation through the retirement of legacy systems and the progression to a central data repository","spans":[]},{"type":"list-item","text":"Improved data quality to ±5% through the elimination of all data gaps and automated data reporting","spans":[]},{"type":"list-item","text":"Phased out the need to perform the data reporting process twice monthly to support both the soft close and hard close","spans":[]}],"short_description":[{"type":"heading2","text":"CRG leads future state design of equity reporting processes to support new Basel III regulatory requirements for a Tier 1 Canadian bank.","spans":[]}],"title":[{"type":"heading1","text":"CRG Helps Tier 1 Canadian Bank Meet Basel III Requirements for Capital Markets Reporting","spans":[]}],"_meta":{"uid":"capital-markets-reporting","lastPublicationDate":"2022-03-31T15:36:46+0000"}}}]}}},"pageContext":{"rootQuery":"\n  query ClientResultsQuery($uid: String) {\n    prismic {\n      allClient_results(uid: $uid, sortBy: meta_lastPublicationDate_ASC) {\n        edges {\n          node {\n            seo_page_title\n            seo_page_description\n            seo_h1\n            feature_image\n            main_content\n            short_description\n            title\n            _meta {\n              uid\n              lastPublicationDate\n            }\n          }\n        }\n      }\n    }\n  }\n","id":"YkWxUhIAACwApaE2","lang":"en-us","uid":"capital-markets-reporting","type":"client_result","alternateLanguages":[],"cursor":"YXJyYXljb25uZWN0aW9uOjE1","paginationPreviousMeta":{"id":"XlWggBAAACYA5qrV","lang":"en-us","uid":"wealth-management-digitaltransformation","type":"client_result","alternateLanguages":[]},"paginationPreviousUid":"wealth-management-digitaltransformation","paginationPreviousLang":"en-us","paginationNextMeta":{"id":"YlRncxIAACwA5vUM","lang":"en-us","uid":"erp-process-design","type":"client_result","alternateLanguages":[]},"paginationNextUid":"erp-process-design","paginationNextLang":"en-us","lastQueryChunkEndCursor":""}},"staticQueryHashes":["2447216075","2898711901","3159585216","3178498103","815104889"]}