IBM automation systems, such as e-discovery and auto-classification, help financial firms achieve transparency and meet compliance requirements while maximizing the value of your existing content management architecture.
2. Todayâs Panelists
Greg MacSweeney Rodney Nelsestuen
Editor-in-Chief, Senior Research Director
Wall Street & Technology Financial Strategies & IT Investments
Tower Group
(RiskTech Blogger)
Gary Rylander Damian Trzebunia
Associate Partner Enterprise Content Management
IBM Global Business Services Compliance Product Marketing
Risk & Compliance Practice IBM Information Management Software
(RiskTech Blogger)
6. Financial Services
The Information Lifecycle
Frequency of
Access and Use
Born Digital Expiration
Over 90% of information is Roughly 95% has a
born digital ⌠and the rest retention policy ⌠very little
should become digital should be kept forever
85%
of enterprise information
is unstructured
Time
7. Basics of regulatory content management
âE-discovery refers to any process in which electronically stored information
(ESI) is sought out, secured, and searched for use in civil or criminal legal
cases.
âBy year end 2008, 28 states had or were planning e-discovery provisions in
their general civil procedure codes or modified specialized rules for business
courts
âData classification is the categorization of data, an approach to storing
computer data
â˘Data can be classified according to its value to the business or how often
it needs to be accessed
â˘Goal is to optimize the use of storage for many purposes:
economic, technical, legal, and administrative
9. Financial Services
The proposed regulatory framework increases the importance of
transparency, operational risk management and the underlying
dependency on records and systems management
1. If its securitized or traded, it will require transparent,
dynamic record keeping throughout its lifecycle
2. If its reported, be prepared to report it with XBRL tags
3. If its an operational risk, be prepared to do quantitative
risk reporting
4. If you are a Tier 1 FHC, expect more scrutiny
5. Harmonization among agencies and international bodies
will result in less variability among regulatory regimes
6. Greater reliance on prudential instead of rules based
regimes will increase the value of being able to prove
http://graphics8.nytimes.com/packages/images/nytint/doc
effective operational risk management
s/obama-s-plan-for-financial-regulatory-
reform/original.pdf
12. Financial Services
Agile Enterprise Content Management
IBM agile ECM helps companies
make better decisions faster by:
â Managing all forms of
content
â Delivering content
intelligence
â Optimizing associated
business processes
â Enabling compliance
through an integrated
information infrastructure
Unified platform for content,
process, discovery and compliance
14. Financial Services
Enterprise Compliance is Invisible to Line-of-Business
Active Governance (GRC)
Security policies, controls and risks
are enforced, tested, monitored,
audited and reported âin-processâ
Records automatically
retained and Classified
Content / E-mail is collected, Proactive eDiscovery
enhanced and managed in context Search and Analytics
with Content Collection and are enabled
Advanced Classification ECM Platform
15. Financial Services
The business case for transparency
Key Benefit buckets Insurance
Savings
Process
Savings
Infrastructure
Savings
Records Litigation
Management Support
&
Compliance
Labor
ts
Be nef i
19. Financial Services
ROI of Compliant Information Management
Automate
Enforce records
decisions, clean
retention to reduce
up legacy data â
save up to 17 2 3 eDiscovery and
storage costs by
cents per
50-80%
document
Leveraging a
common
infrastructure
accelerates cost 4
1 reduction
Control Growth, Optimize
remove duplicate eDiscovery
data â reduce decisions to
storage costs by reduce costs by
50%-80% up to 80%
21. Financial Services
Get Connected with IBM and our Risk Community
Websites enabling you to engage with our Subject Matter Experts
IBM Offerings & Capabilities Educational Videos, White Papers and Blogs
http://www.ibm.com/banking/risk by Risk Subject Matter Experts
http://www.risktech.financetech.com
Social Network Groups for Financial Services where risk isnât the only topic
http://www.linkedin.com/groups?gid=1946782 http://www.linkedin.com/groups?gid=1894930
23. ResourcesÂ
To View This or Other Events OnâDemand Please Visit:
http://www.techweb.com/webcasts
For more information on this topic please visit:
IBM Offerings & Capabilities RiskTech for Educational Videos, White Papers
http://www.ibm.com/banking/risk and Blogs by Risk Subject Matter Experts
http://www.risktech.financetech.com
Social Network Groups for Financial Services where risk isnât the only topic
http://www.linkedin.com/groups?gid=1946782 http://www.linkedin.com/groups?gid=1894930