© Jose Almeida
Alexandros Chatzidimos (Pexels.com) https://www.pexels.com/@alexandros-chatzidimos-2033032/
https://www.linkedin.com/in/josemanuelalmeida/
https://www.linkedin.com/pulse/impact-data-governance-reporting-banking-jose-almeida-2cu8f/
Effective reporting is essential for regulatory compliance, risk management, and strategic decision-making in the banking industry.
Robust data governance plays a pivotal role in ensuring the accuracy, reliability, and timeliness of distinct types of reports produced by banks.
How does data governance impact on different reporting categories within the banking sector.
Financial Reporting
Financial reporting encompasses balance sheets, income statements, and cash flow statements, providing stakeholders with insights into a bank’s financial health. Robust data governance ensures the integrity of financial data by maintaining data accuracy, consistency, and completeness.
Establishing standardized data definitions and validation rules, data governance minimizes errors in financial reports, enhancing trust among investors, regulators, and shareholders.
Regulatory Reporting
Regulatory reporting involves submitting reports to regulatory authorities, such as the Central Bank of…
