JAX DevOps – The Conference for Continuous Delivery, Microservices, Docker & Clouds

In this session we shall look at some of the practical challenges in meeting the needs of compliance as it pertains to BCBS 239, MIFID and CCAR. All of these regulations are dominated by a need to demonstrate fidelity of data and process. In the case of BCBS 239 it is almost at a forensic level of showing data lineage and presenting it in terms the business and regulators can understand. In the case of CCAR it is showing the fidelity of a model that is stress tested against different market parameters and for MIFID it is both process and data.

In the last 5 years progress has been made in areas such as process mining and in harvesting data lineage. Coupled with semantic web technology now seen in the EDS’s Fibo standard and coupled with XML grammars such as XBRL (Business Reporting markup language) it is possible to deploy a tool chain and a supporting process to automate much of the gathering and initial analysis of data about data and data about running processes and forensically piece it all back together. Stitching in Fibo like glossaries takes us further in meeting the need for business relevance and at the same time ensuring timely delivery of compliance reports.

In this session we shall look at examples of these tools, demonstrate some of them and show what such a tool chain might look like in practice, how it can be used and what changes in terms of the data and process governance required to wield them in order to deliver something close to STP for compliance.

As a note to the future space we speculate on the role of blockchain as a system of records that could be established by regulators and banks alike to ensure trust between all parties is forever maintained. And we shall look at the relevance of forensic automation to help automate digital transformation from legacy to more modern architectures such as micro-services and the impact on delivery cycles and budgets.

The session will dive into some of the technical nuances that face us.