Integrating risk and finance

Banks preparing for Basel II should realise that the new Accord will change their fundamental structures. Building data warehouses now, without taking this into consideration, could spell trouble in the future.

Faced with Basel II deadlines, many banks are responding by building big data warehouses, believing this is the solution. While Basel II does demand the gathering of new data, and new levels of data integrity and consistency, rushing ahead and building data warehouses without having a blueprint of what the bank will look like in the future is asking for trouble. There is a growing consensus that in the coming years there will be a fundamental change in how banks are organised, and those