Illuminating regulatory reporting with visualizations

At Business Modelling, we understand that the requirement phase is the foundation of successful regulatory reporting. Often, companies face challenges with misconceptions and omissions that remain undiscovered until it’s too late. To mitigate this risk, we employ a range of tools, like visualizations to shed light on various aspects of the requirements, fostering consensus and ensuring a comprehensive understanding.

Flow diagram: navigating in complexity

One of our go-to mediation methods is the classic flow diagram — a familiar sight to many. In workshops, we collaborate with our clients, using pen and paper and whiteboard to visualize the flow of processes. Once consensus is reached, we translate these handcrafted diagrams into digital form, becoming a vital part of the permanent documentation.

For instance, consider the branching out within the flow. In example the authorities listed items in a specific order but following that would yield a different result than described in the overall requirements. We help our customers determine the ideal branching order while ensuring that all possibilities are accounted for. Often, regulatory guidelines might present simple yes or no questions, overlooking cases that fall outside these two options.

Our flow diagrams ensure that all scenarios are well-defined, leaving no room for ambiguity. Moreover, we design tables for the data warehouse or data mart, mapping the outcomes agreed upon visually. These tables act as a reliable traceability mechanism, enabling us to explain why an outcome was classified in a particular way.

Venn diagram: The power of defining sets

While flowcharts are great for classifying predefined sets, we use Venn diagrams to take things a step further — they help us define the sets themselves. This visualization might be less familiar, but its power lies in its ability to uncover supersets, subsets, and true subsets.

Imagine a simple Venn diagram with two circles — one representing all security positions held and the other representing security positions issued. The overlapping area showcases a crucial insight — there’s a possibility of holding securities that you have issued yourself, likely subject to distinct rules.

Now, we take it a bit further. By introducing more circles representing settled and unsettled trades, as well as borrowed and lent securities, we create a potent tool for facilitating discussions. Diving into what to include and exclude, we reveal valuable insights that might have otherwise remained hidden.

Unlocking clarity and embracing solutions

Through these visualizations, we bring clarity to complexity and coherence to confusion. We foster collaboration and ensure that every stakeholder shares the same understanding. Regulatory reporting becomes more than a compliance task; it transforms into an opportunity to optimize operations and embrace innovative solutions.

At Business Modelling, we believe in using the power of visualizations to unlock the true potential of your regulatory reporting process. Join us on this journey, where we blend creativity and expertise to illuminate the path to success.

Lorem ipsum dolor

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.